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New Brighton, Pennsylvania Securities Arbitration Attorneys Who Represent Investors

Did Michael John Woods Cause You Investment Losses? Michael John Woods, a broker formerly at New Brighton, Pennsylvania based Fortune Financial Services, Inc., submitted a Letter of Acceptance, Waiver and Consent (AWC) to FINRA for allegedly engaging in an outside business activity without providing written notice to his firm. FINRA’s findings stated that Mr. Woods obtained signature authority on the firm customer’s bank account and wrote checks to pay the customer’s monthly bills in exchange for fees that totaled at least $1,500. The customer was 78 years old at the time, was arthritic, and according to Mr. Woods, needed help to manage his affairs. FINRA also stated that Mr. Woods created a false document bearing the customer’s photocopied signature from a variable annuity withdrawal form the customer had previously signed. Mr. Woods allegedly dated the new form and submitted the document to the annuity issuer three days after the customer died. The withdrawn monies were supposedly deposited into the customer’s bank account, which Mr. Woods controlled as the trustee of the customer’s trust. FINRA stated Mr. Woods issued checks drawn from that bank account to pay himself fees for estate services that he rendered as trustee of the trust. FINRA’s findings also included that Mr. Woods willfully failed to timely disclose federal tax liens levied against him on his Form U4. Mr. Woods, of Dexter, Michigan, was fined $20,000 and suspended from association with any FINRA member in any capacity for two years. Do You Need a Securities Arbitration Attorney? We are top rated securities arbitration attorneys and highly ranked lawyers by our peers in Martindale Hubble and Thomson Reuters SuperLawyers who represent investors in securities arbitrations conducted by the Financial Industry Authority (FINRA), American Arbitration Association (AAA) and JAMS alternative dispute resolution forums serving Pennsylvania investors. This state has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisor offices, comes the potential for their stockbrokers, financial advisors, and other representatives to engage in all kinds of stockbroker misconduct which violates Federal and Pennsylvania securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms’ policies and procedures.  Experienced Securities Arbitration Lawyers Who Handle FINRA, AAA Or JAMS Arbitrations Throughout Pennsylvania And Nationwide. Are you a Pennsylvania investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Pennsylvania stockbroker or investment advisor, misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows the FINRA, AAA or JAMS rules and procedures inside and out and how to handle these FINRA, AAA or JAMS  arbitration cases and other complex legal issues.  By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA, AAA and JAMS arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best securities arbitration attorney to recover your investment losses for all types of stockbroker misconduct in FINRA, AAA and JAMS arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of securities law and investment disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. We handle a wide range of practice areas such asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations.  Attorney Pearce and his staff represent investors throughout Pennsylvania, 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 Free Initial Consultation With An Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Pennsylvania Residents The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle securities law matters and investment disputes in FINRA, AAA and JAMS arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA, AAA and JAMS arbitrations serving Pennsylvania citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Georgetown, Texas Attorney Who Sues Stockbrokers Who Made Unsuitable Investment Recommendations

Did Betsy Bratton Marcom Cause You Investment Losses? Betsy Bratton Marcom, a former Registered Representative with the Georgetown, Texas branch of NEXT Financial Group, Inc. (NEXT Financial), submitted a letter of Acceptance, Waiver, and Consent in which she agreed to, without admitting or denying, the Financial Industry Regulatory Authority’s (FINRA) sanction and findings that she recommended unsuitable investments to her customer which resulted in approximately $135,000 in realized losses. FINRA found that Betsy Marcom of Georgetown, Texas made recommendations to her client, a non-profit parish church, to invest almost all of its portfolio in non-investment grade corporate bonds, inconsistent with her client’s investment objectives and risk tolerance.  FINRA alleged that Betsy Marcom, who was a member of her client’s Finance Council, recommended the council start investing in non-investment grade bonds to generate a larger return in their account.  As a result, her client invested over $700,000, approximately 45% of its liquid assets, in non-investment grade bonds in the NEXT Financial account, with realized losses of approximately $135,000. According to FINRA, on at least four occasions, Ms. Marcom recommended that her client sell the bonds within three months of maturity, resulting in the client receiving nearly $3,661 less than it would have if it had held the bonds to maturity.  Consequently, Betsy Marcom was assessed a deferred fine of $15,000 and suspended from association with any FINRA member for four months. Do You Need a Lawyer for an Unsuitable Investment Recommendation? Texas has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to recommend unsuitable securities investments in light of the customers stated investment objectives, risk tolerance, financial condition, time horizon and other important factors and to engage in many other kinds of stockbroker fraud and stockbroker misconduct which violates Federal and Texas securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Unsuitable Investment Lawyers Who Handle FINRA Arbitrations Throughout Texas and Nationwide. Are you a Texas investor who has suffered significant losses in your stock brokerage and investment accounts?  Did they recommend unsuitable securities transactions or strategies? Broker-Dealer attorneys always argue to the arbitration panel the securities transactions (buy, sell or hold) and/or strategies to engage in short selling, trade on margin, use securities based lending and complex option or futures trading strategies were suitable for the customer. They routinely misrepresent the customers’ investment objectives, risk tolerance and financial condition on account documents. Suitability claims can be based upon the stockbroker or investment advisor’s fiduciary duty, duty to use reasonable care, or FINRA Rule 2111. If you believe that your stockbroker or investment advisor made unsuitable recommendations, you need a skilled securities arbitration attorney who knows all the investments, investment strategies and stockbroker tricks of the trade. More importantly, you will need the representation of an experienced, top rated and nationally recognized FINRA arbitration attorney — a lawyer who knows FINRA rules and procedures and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated securities attorney like Robert Wayne Pearce with over 40 years of experience on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best securities attorneys to recover your investment losses for unsuitable recommendations and all types of stockbroker fraud and stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with securities breach of fiduciary duty claims and many other kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas besides breach of fiduciary duty, such as claims involving securities misrepresentation and stockbroker fraud, negligence, failure to supervise, and unsuitable recommendations by stockbrokers and investment advisors.  Attorney Pearce and his staff represent investors throughout Texas, 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 Free Initial Consultation With An Experienced Attorney Serving Texas Residents in FINRA Arbitrations Involving Unsuitable Investment Claims The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle unsuitable investment claims and other investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA arbitrations serving Texas citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Fort Worth, Texas Securities Attorney For Private Placement Investment Dispute

Did Jackie Smalls Cause You Investment Losses? Jackie Smalls, a former broker employed by Fort Worth, Texas-based First Command Financial Planning, Inc., submitted a Letter of Acceptance, Waiver and Consent in which he agreed to, without admitting or denying, the described sanctions and the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that he caused a customer to invest funds in a privately held company without his firm’s prior knowledge and approval to participate in the private securities transaction.  FINRA’s findings stated that Mr. Smalls introduced a customer to EGU, the start-up manufacturing company, and recommended that the customer invest $25,000 in the company, which was outside the scope of Mr. Smalls’ association with his firm.  Mr. Smalls informed the customer that he invested $50,000 and other investors had invested funds in the company expecting to receive a percentage of the company’s profits because the company would receive government contracts and become successful.  FINRA’s findings also stated that Mr. Smalls helped the customer to obtain a loan from a third-party bank in order to invest in the company.  Mr. Smalls of Lexington, South Carolina was fined $5,000 and suspended from associating with any FINRA member in any capacity for two months.  Do You Need an Attorney for a Private Placement Dispute? Texas has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to misrepresent and mislead investors about investing in Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and Texas securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout Texas and Nationwide. Are you a Texas investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Texas stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Private Placement of securities in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Private Placements.  Attorney Pearce and his staff represent investors throughout Texas, 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 Free Initial Consultation With An Experienced Private Placement Investment Attorney Serving Texas Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Private Placement cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in Private Placements and all kinds of securities law and investment disputes serving Texas citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Brooklyn, New York FINRA Securities Arbitration Lawyer

Did Jay Howard Bluestine Cause You Investment Losses? Jay Howard Bluestine of Brooklyn, New York was accessed a fine of $5,000 and suspended from association with any FINRA member in all capacities for a period of three months. The sanctions were based on findings that Howard accepted loans from a customer without seeking or obtaining approval in violation of FINRA Rules 3240 and 2010. The suspension was in effect from October 5, 2020, through January 4, 2021. In August 2011, Jay Howard Bluestine joined UBS Financial Services Inc. and was registered as a General Securities Representative. According to the FINRA findings, Bluestine accepted three loans from a customer totaling $300,000 without requesting or obtaining approval from his firm. The findings stated that the firms written procedures prohibited registered representatives from borrowing money from a customer without written approval. FINRA further stated that the customer loaned the money to Bluestine without documentation or understanding as to the duration or interest rate of the loan. In addition, Bluestine allegedly falsely attested on his firm’s annual compliance questionnaires that he had not borrowed money from any customer. Although Bluestine is not currently registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 3240(a) provides that a registered representative may not borrow money from any customer unless his or her member firm has written procedures that allow for such borrowing and the borrowing arrangement meets certain other, specified conditions. If these requirements are met, FINRA Rule 3240(b) requires the registered representative to notify the member firm of the borrowing arrangement and obtain written pre-approval from the firm prior to borrowing from the customer, unless the customer is an immediate family member or financial institution, in which case other requirements apply. A violation of FINRA Rule 3240 is also a violation of FINRA Rule 2010. Do you need a New York FINRA Securities Arbitration Attorney? Are you a Brooklyn, New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.  Free Initial Consultation With Experienced FINRA Securities Arbitration Lawyers Serving Brooklyn, New York 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 New York, 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 New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Lubbock, Texas Securities Account Forgery Attorney

Did David Christopher Davis Cause You Investment Losses? David Christopher Davis of Lubbock, Texas was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for a period of six months. The sanctions were based on findings that he allegedly forged customers signatures on firm documents and failed to disclose two federal tax liens in violation of Article V, Section 2(c) of FINRA’s ByLaw’s and FINRA Rules 1122 and 2010. The suspension is in effect from September 21, 2020, through March 20, 2021. In January 2002, David Christopher Davis joined MML Investors Services, LLC and was registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Davis had been terminated due to misconduct. According to the FINRA findings, Davis allegedly forged the signatures of three customers on insurance policy applications that he submitted on their behalf even though he was aware of the Firm’s written supervisory procedures which required a customer’s authentic signature. The findings also stated that the Internal Revenue Service filed two tax lien against him in the amount of $184,000 and failed to disclose them to the Firm or via an amended Form U4 within the thirty-day filing period. In addition to FINRA’s findings, Davis falsely attested that his Form U4 was updated to reflect all liens on two of his firm’s annual compliance questionnaires.  Article V, Section 2(c) of FINRA’s By-Laws requires that registered representatives keep their Form U4 “current at all times,” and that amendments to a Form U4 must be filed with FINRA “not later than thirty days of learning of the facts and circumstances giving rise to the amendment.” FINRA Rule 1122 prohibits associated persons from filing with FINRA information regarding registration “which is incomplete or inaccurate so as to be misleading, or which could in any way tend to mislead, or fail to correct such filing after notice thereof.” A violation of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rule 1122 also constitutes a violation of FINRA Rule 2010. Do you need a FINRA Securities Arbitration Attorney? Are you a Lubbock, Texas investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Texas stockbroker or investment advisor forge your signature or alter information on account opening documents about your investment objectives, risk tolerance, or financial condition to make unsuitable recommendations or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities forgery law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration forgery cases and other complex legal issues.  Free Initial Consultation With Experienced Securities Account Forgery Attorneys Serving Lubbock, Texas Residents In FINRA Arbitrations 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 Texas, 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 Texas citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Surfside, Florida Securities Account Churning Lawyer

Did Bryan Gabriel Mazliach Cause You Investment Losses? Bryan Gabriel Mazliach of Surfside, Florida was named respondent in a FINRA complaint alleging that he excessively and unsuitably traded customers’ accounts, engaged in unauthorized trading and failed to cooperate during an investigation. Based on the alleged misconduct, Mazliach was in violation of  FINRA Rules  8210, 2111 and 2010. In January 2015, Bryan Gabriel Mazliach joined Laidlaw and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that they terminated Mazliach’s registration due to his voluntary resignation. According to the FINRA complaint, Mazliach had allegedly recommended investment strategies in five customers’ accounts that caused losses of over $170,000 and generated commissions and fees for Laidlaw and Mazliach of more than $187,000. The complaint alleges that the trades were unsuitable and excessive based on the investment profiles and Mazliach failed to have a reasonable basis as to whether his recommendations were suitable. In addition, the complaint further alleges that during FINRA’s investigation into his trading, Mazliach had failed to respond to the requested information. FINRA Rule 2111 requires that an associated person have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based upon information obtained through reasonable diligence of the associated person to ascertain the customer’s investment profile. FINRA Rule 8210(a) requires a “person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in [an] investigation.” A failure to comply with a request for information pursuant to FINRA Rule 8210 is also a violation of FINRA Rule 2010. Do You Need A Florida FINRA Securities Arbitration Attorney? Are you a Surfside, Florida investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Florida stockbroker or investment advisor excessively trade or churn or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA arbitration securities churning law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.  Free Initial Consultation With Experienced Securities Churning Lawyers Serving Surfside, Florida Residents In FINRA Arbitrations 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 Florida, 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 Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Los Angeles, California Attorney Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did John Rosas Jaramillo Cause You Investment Losses? John Rosas Jaramillo of Los Angeles, California was fined $5,000, suspended for a period of five months, and ordered to pay $3,770.83 in deferred disgorgement of commissions received. The sanctions were based on findings that he allegedly participated in unapproved private securities transactions in violation of FINRA Rules 3280 and 2010. Without admitting or denying the alleged misconduct, John Rosas Jaramillo consented to the sanctions. The suspension is in effect from September 8, 2020, through February 7, 2021. In June 2008, John Rosas Jaramillo joined Western International Securities, Inc. and was registered as a General Securities Representative and Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) in March 2020, disclosing that Jaramillo had been discharged due to misconduct. According to the FINRA findings, Jaramillo allegedly solicited and sold $250,000 in Woodbridge promissory notes to three investors without receiving approval from his firm. The findings also stated that Jaramillo received $8,770.83 in commissions from the transactions and had allegedly failed to disclose the fund by falsely attesting on annual compliance questionnaires as to whether he participated in private security transactions. Although John Rosas Jaramillo is no longer associated with a FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 3280(b) states, in relevant part, that “prior to participating in any private securities transaction, an associated person shall provide written notice to the member with which he is associated describing in detail the proposed transaction and the person’s proposed role therein and stating whether he has received or may receive selling compensation in connection with the transaction.” FINRA Rule 3280(e) defines generally a private securities transaction as any securities transaction outside the regular course or scope of an associated person’s employment with a member. FINRA Rule 2010 requires associated persons, in the conduct of their business, to observe high standards of commercial honor and just and equitable principles of trade. Do you need a California FINRA Securities Arbitration Attorney? Did your Los Angeles, California stockbroker or investment advisor recommend an investment that turned out to be an investment that was never reviewed or approved by their stockbrokerage firm employer? The stockbrokers who stoop to that level are usually insolvent or uncollectible. And so, the investor’s only recourse is against the brokerage firm employer. But stockbrokerage firms always claim ignorance of the stockbroker’s activities and deny liability for the sale of unauthorized investments which they call Selling Away as if that was an absolute defense. Not so! You will definitely need an experienced attorney who knows the securities laws and how to hold the stockbrokerage firm responsible for their employees Selling Away under legal principles of actual authority, apparent authority, estoppel and failure to supervise. If your attorney knows where to look he/she can often find Red Flags of the alleged unauthorized sales that the firm did not look for, missed, or saw and just ignored. Free Initial Consultation With  Experienced Ponzi Scheme Attorneys Representing Los Angeles, California Residents in FINRA Arbitrations 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 California, 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 California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Coral Springs, Florida FINRA Securities Arbitration Attorney

Did Michael Kris Pina Cause You Investment Losses? Michael Kris Pina of Coral Springs, Florida was fined $10,000, suspended from association with any FINRA member in all capacities for 16 months and ordered to pay $19,800 in restitution to customers. The sanctions were based on findings that he borrowed money from customers and provided false statements to FINRA in violation of FINRA Rules 8210, 3240 and 2010. The suspension is in effect from October 5, 2020, through February 4, 2022. In January 2013, Michael Kris Pina joined PFS and was registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Pina had been terminated due to the alleged misconduct. According to the FINRA findings, Pina allegedly borrowed $72,000 from four customers which was against firm policies. The findings stated that Pina had allegedly failed to document the loans and only repaid two customers after promising all four that he would repay them with interest. In addition, Pina falsely attested that he had not borrowed money from any customer on his firm’s annual compliance questionnaires and allegedly failed to disclose a loan and the amount owed to FINRA. FINRA Rule 3240 prohibits a registered person from borrowing money from his or her customer unless: (1) the registered person’s employing member firm has written procedures permitting borrowing from customers; and (2) the borrowing arrangement meets at least one of five circumstances specified in the rule. Even if these requirements are satisfied, the registered representative must seek and obtain prior written approval of the loan from the member firm, except that the firm’s procedures may provide otherwise where the customer is a financial institution or a member of the representative’s immediate family. A violation of FINRA Rule 3240 also violates FINRA Rule 2010, which requires associated persons “to observe high standards of commercial honor and just and equitable principles of trade.” Do you need a Florida FINRA Securities Arbitration Attorney? Are you a Coral Springs, Florida investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Florida stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.  Free Initial Consultation With Experienced FINRA Securities Arbitration Attorneys Serving Coral Springs, Florida 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 Florida, 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 Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Long Beach, New Jersey Lawyer Who Sues Stockbrokers For Unsuitable Investment Recommendations

Did Michael Rubel Cause You Investment Losses? Michael Rubel of Long Beach, New Jersey submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was suspended for a period of 45 days. The sanction was based on findings that he allegedly engaged in unsuitable trading in violation of FINRA Rules 2111 and 2010. The suspension was in effect from October 5, 2020, through November 18, 2020. In June 2015, Michael Rubel joined Capitol Securities Management, Inc. and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Rubel had resigned. According to the FINRA findings, Michael Rubel allegedly recommended to customers that they roll over unit investment trusts (UIT’s) 100 days prior to maturity and to sell them after holding them for only 244 days, using the proceeds to purchase a new UIT. The findings also stated that the purchase of the new UIT series were unsuitable because they generally had the same or similar objectives as the prior series, which caused his customers to incur unnecessary sales charges. In addition, FINRA stated that the customers received reimbursement in connection with a settlement with the firm. FINRA Rule 2111(a) provides in pertinent part that “[a] member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile.” Recommended securities transactions may be unsuitable if, when taken together, they are excessive, the level of trading is inconsistent with the customer’s investment profile, and the registered representative exercises control over the customer’s account. No single test defines when trading is excessive, but factors such as the turnover rate and the cost-to-equity ratio are considered in determining whether a member firm or associated person has violated FINRA’s suitability rule. Do you need a New Jersey FINRA Securities Arbitration Attorney? Are you a Long Beach, New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts?  Did they recommend unsuitable securities transactions or strategies? Suitability claims can be based upon the stockbroker or investment advisor’s fiduciary duty, duty to use reasonable care, or FINRA Rule 2111. If you believe that your stockbroker or investment advisor made unsuitable recommendations, you need a skilled securities arbitration attorney who knows all the investments, investment strategies and stockbroker tricks of the trade. Free Initial Consultation With Experienced Lawyers Serving Long Beach, New Jersey Residents in FINRA Securities Arbitrations Involving Unsuitable Investment Claims 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 New Jersey, 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 New Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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San Francisco, California Failure to Supervise Stockbroker Attorney

Did SeedChange Execution Services Inc. Cause You Investment Losses? SeedChange Execution Services Inc. of San Francisco, California was censured and fined $15,000 for allegedly failing to establish, maintain and enforce their supervisory system and written supervisory procedures as to whether their registered representatives proposed outside business activities or constituted outside securities activities. Due to the misconduct, the firm was in violation of FINRA Rules 3110, 3270, and 2010. Since 2013, SeedChange has been a FINRA member firm and employs approximately 20 registered representatives. According to the FINRA findings, from November 2017 to March 2018, SeedChange had allegedly failed to properly evaluate a registered representatives disclosed outside business activity. The findings stated that the representative raised approximately $525,000 for the investment fund and received a management fee for his work. FINRA stated that although SeedChange was aware of the representatives activities, they did not have any written supervisory procedures to evaluate any factors to determine certain restrictions, prohibit outside business activities or whether it should have been treated as an outside business activity. FINRA Rule 3110(a) requires firms to establish and maintain a system to supervise the activities of registered persons. FINRA Rule 3110(b) requires firms to establish, maintain, and enforce written procedures to supervise the types of businesses it engages in and the activities of its registered persons. Both the supervisory system and the written procedures must be reasonably designed to achieve compliance with applicable rules. FINRA Rule 3270 prohibits registered persons from engaging in any outside business activities unless they provide prior written notice to the member firm. Do you need a California FINRA Securities Arbitration Attorney? Are you a San Francisco, California investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your California stock brokerage or investment advisory firm where you do business fail to supervise the stockbroker who recommended bad investments and otherwise mismanage your investment account? If so, you will need to hire an experienced, highly-rated, and nationally recognized FINRA securities arbitration attorney—a lawyer who knows how to handle these failure to supervise cases as well as other complex legal issues.  Free Initial Consultation With Attorneys Experienced In Failure to Supervise Stockbroker Disputes Serving San Francisco, California Residents In FINRA Arbitrations 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 California, 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 California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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