| Read Time: 2 minutes | Mutual Fund Investment Dispute Lawyer |

Did Angel Wynette Bardeche Cause You Investment Losses?

Angel Wynette Bardeche of Hebron, Kentucky submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which she was fined $10,000, ordered to pay $5,000 in disgorgement and suspended from association with any FINRA member for a period of nine months. The sanctions were based on findings that Bardeche allegedly made unsuitable recommendations and exercised discretionary trading in violation of NASD Rule 2510(b) and FINRA Rules 2111(a) and 2010. The suspension is in effect from January 19, 2021, through October 18, 2021.

In August 2012, Angel Wynette Bardeche joined Ameriprise Financial Services. Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that Bardeche had been terminated due to firm policy violations. According to FINRA’s findings, Bardeche allegedly engaged in an unsuitable strategy on 112 separate occasions when she recommended to 32 customers that they enter into unsuitable switching transactions that often-included short-term liquidations without having a reasonable basis to believe they were suitable. FINRA’s findings state that due to the unsuitable recommendations, the customers paid a total of $450,000 in sales charges. The findings further allege that Bardeche also exercised discretion by executing 109 transactions in eight customer accounts without prior authorization from the customers or her member firm. Although Angel Wynette Bardeche is no longer registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction.

FINRA Rule 2111(a) requires that an associated person have a “reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer(.)” A violation of FINRA Rule 2111 is also a violation of FINRA Rule 2010, which provides that a registered representative “shall observe high standards of commercial honor and just and equitable principles of trade.”

Do You Need a Kentucky Mutual Fund Investment Dispute Attorney?

Are you a Hebron, Kentucky investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your [State] stockbroker or investment advisor misrepresent or mislead you about a Mutual Fund investment or make an unsuitable recommendation that you invest in a Mutual Fund or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA securities arbitration law attorney—an attorney who understands Mutual Fund investments and stockbroker abuses such as when they are making unsuitable investments in Class A, B, or C shares of other classes of mutual funds to increase their commissions, missing breakpoints to generate higher commissions, switching of mutual funds that are intended long term investments outside of a mutual fund family to generate more commissions for them.

Free Initial Consultation With Experienced Mutual Fund Investment Lawyers Serving Hebron, Kentucky Residents In FINRA Arbitration Proceedings

At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities, and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Kentucky, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

Se habla español

For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities, and investment law disputes serving Kentucky citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

Author Photo

Robert Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...