Broker Misconduct - Page 4 of 90 - Law Offices of Robert Wayne Pearce

893 search results found for “Broker Misconduct”

Jan 7, 2019

Thurston Stockbroker Barred for misconduct and Violation of Many FINRA Rules

On September 21, 2018 an Officer of Hearing Officers (OHO) decision became final against David Jonathan Bolton in which he was barred from association with any FINRA member in all capacities for violating FINRA Rules 4511 and 2010 and FINRA Rules 2111 and 2010. Bolton joined Thurston, Springer, Miller, Herd & Titak, Inc. (“Thurston”) in November 2014 until February 2016 when he handed in his resignation. The findings stated that after Bolton resigned, Thurston filed a Uniform Termination for Securities Industry Registration. According to FINRA, Bolton engaged in unsuitable short-term trading in Class A mutual fund shares in two customers’ accounts causing them to pay $24,747 in unnecessary sales charges. Bolton’s tradings were allegedly unsuitable because the short-term nature of the trades conflicted with the customers’ longer-term investment horizon. In addition, Bolton allegedly caused his firm to maintain inaccurate books by mismarking or causing others to mismark as unsolicited electronic order tickets that he had solicited. FINRA also stated that Bolton took the files of his customers with him when he moved from firm to firm and destroyed them.

Jan 4, 2019

Sisk Investment Services Stockbroker Barred for Misconduct

On September 25, 2018 an Officer of Hearing Officers (OHO) decision became final against Matthew Evan Eckstein in which he was barred from association with any FINRA member in all capacities and ordered to pay $961,781 in restitution to four customers. Eckstein allegedly violated Section 10(b) of the Exchange Act and Exchange Act Rule 10b-5 along with NASD Rule 3040, FINRA Rules 2111, 2020, 2010, and 8210. According to FINRA, Eckstein made false and misleading statements in connection with purchases and sales of securities. FINRA stated that Eckstein recommended four customers invest a total of $1.36 million in a company run by one of his close friends along with persuading one of his customers to liquidate $300,000 in mutual fund holdings in order to invest in the issuer. FINRA also stated that Eckstein failed to disclose any information regarding the investment and did not give the customers any written material or other agreement memorializing the customers’ purchases, rather that the undocumented transactions appeared to have been a scheme run by Eckstein’s friend. FINRA further found that after Eckstein left his firm to start his own business, he caused his past firm to violate FINRA’s applicable books and records rule by failing to preserve any communication and account summaries that he created and sent to some customers. During the investigation, Eckstein failed to respond to five requests for documents and information.

Dec 21, 2018

Former BAC Florida Stockbroker Supervisor Suspended for Misconduct

Jose Luis Leon, of Palmetto Bay, Florida, submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly violating NASD Rule 3010 and FINRA Rule 2010. Leon was employed with BAC Florida Investments Corp. (BAC Florida) from December 1987 until his termination in February 2017. During the period between July 2013 and November 2014, Leon served as BACs Chief Compliance Officer. Leon was responsible for supervising and reviewing the trading activities of the firm’s former CEO and Head Trader. The findings stated that the Fixed Income Investigation staff of FINRA’s Department of Market Regulation reviewed certain fixed income securities transactions that BAC Florida made through its former CEO and Head Trader. FINRA investigated Leon’s supervision over the former CEO and Head Trader’s trading activities. According to FINRA, Leon failed to supervise and review the prohibited trading activities of both the CEO and Head trader, instead he allowed them to review their own activities.

Sep 23, 2021

New Hope, Pennsylvania Stockbroker Fraud Lawyer

Did Yegor Kashirsky Cause You Investment Losses? Yegor Kashirsky of New Hope, Pennsylvania submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $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 he allegedly altered and fabricated documents in violation of FINRA Rule 2010. The suspension was in effect from March 25, 2021, through June 14, 2021. In October 2017, Yegor Kashirsky joined Vanguard Marketing Corporation while registered as a General Securities Representative and a General Securities Principal. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) reporting that Kashirsky had been discharged due to alleged misconduct. According to the findings, FINRA requested a copy of a firm document regarding Vanguard’s contingency plan for responding to system outages and a copy of an internal firm communication related to a trading outage. The findings state that Kashirsky allegedly altered the contingency plan documents by removing certain sections and submitted them to FINRA without informing them that they had in fact been altered. The FINRA findings also state that Kashirsky allegedly failed to locate the requested communication so instead he fabricated a copy based upon information gathered from a different trading outage and submitted it to FINRA without informing them that it had been fabricated. Although Yegor Kashirsky no longer registered or associated with a FINRA member firm he remains subject to FINRA’s jurisdiction. FINRA Rule 2010 requires associated persons to observe “high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. “Falsifying documents is a prime example of misconduct” that violates Rule 2010. In particular, affixing customer signatures or otherwise altering account transfer forms violates FINRA Rule 2010. Do You Need a Pennsylvania Stockbroker Fraud Attorney? Are you a New Hope, Pennsylvania investor who has suffered significant losses your stock brokerage and investment accounts? Did your Pennsylvania stockbroker or investment advisor, misrepresent facts about the securities, investments, or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases as well as other complex legal issues. Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving New Hope, Pennsylvania Residents in FINRA Securities 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 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 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 Pennsylvania citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Sep 13, 2021

West Hollywood, California Lawyer Who Sues Stockbrokers For Unsuitable Investment Recommendations

Did Trevor Bradner Rahn Cause You Investment Losses? Trevor Bradner Rahn of West Hollywood, California submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $10,000 and suspended from association with any FINRA member in all capacities for a period of 18 months. The sanctions were based on findings that he allegedly made unsuitable investment 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 April 5, 2021, through October 4, 2022. On July 30, 2010, Trevor Bradner Rahn joined J.P. Morgan Securities LLC while registered as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that Rahn had been discharged due to alleged misconduct. According to FINRA’s findings, Rahn recommended an investment strategy to customers and executed orders in 32 accounts without having a reasonable basis to make such recommendations. The FINRA findings state that Rahn allegedly relied on the firm’s system to automatically assign commissions without taking steps to confirm it actually did and would often enter a separate commission on each trade that was greater than the amount that would be charged under the firms system. In addition, the findings further state that Rahn exercised time and price discretion on these trades without notice or approval from the customers or his member firm. Although Trevor Bradner Rahn is no longer registered with a FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 2111(a) requires an associated person to “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer. The recommendation must be based on reasonable diligence demonstrating it is suitable for at least some investors. Moreover, the reasonable diligence must provide the associated person with an understanding of the potential risks and rewards associated with the recommended security or strategy. The lack of such an understanding when recommending a security or strategy violates the suitability rule. A violation of FINRA Rule 2111(a) is also a violation of FINRA Rule 2010. NASD Rule 2510(b) generally prohibits a registered representative from exercising discretionary power in a customer’s account without prior written authorization from the customer and written acceptance from the member firm. While NASD Rule 2510(d)(1) provides an exception for same-day time and price discretion, any exercise of time and price discretion must be reflected on the order ticket.” Do You Need a California Attorney for an Unsuitable Investment Recommendation? Are you a West Hollywood, California 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 West Hollywood, California 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 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.

Sep 4, 2021

Staten Island, New York Stockbroker Fraud Attorney

Did Allan Katz Cause You Investment Losses? Allan Katz of Staten Island, New York submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of 20 days. The sanctions were based on findings that he allegedly falsified documents in violation of FINRA Rule 2010. The suspension was in effect from April 19, 2021, through May 14, 2021. In April 2008, Allan Katz joined with Royal Alliance Associates, Inc as a General Securities Representative, General Securities Principal, and a Municipal Securities Principal. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that he had been terminated due to alleged misconduct. According to FINRA’s findings, Katz recommended that a customer move directly held mutual funds into two management investment accounts and the customer agreed by signing two transfer forms to transfer two retirement and nine non-retirement mutual funds. The findings state that when asked to submit separate transfer forms for each mutual fund, Katz reused the original account signature 11 times to expedite the transactions. Allan Katz is currently registered with another member firm and remains subject to FINRA’s jurisdiction. FINRA Rule 2010 requires associated persons to observe “high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. “Falsifying documents is a prime example of misconduct” that violates Rule 2010. In particular, affixing customer signatures or otherwise altering account transfer forms violates FINRA Rule 2010 Do You Need a New York Stockbroker Fraud Attorney? Are you a Staten Island, New York investor who has suffered significant losses your stock brokerage and investment accounts? Did your New York stockbroker or investment advisor, misrepresent facts about the securities, investments, or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases as well as other complex legal issues. Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Attorneys Serving Staten Island, New York Residents in FINRA Securities 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 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.

Jul 21, 2021

San Juan, Puerto Rico Attorney Lawyer Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did Sean Daniel McDevitt Cause You Investment Losses? Sean Daniel McDevitt of San Juan, Puerto Rico submitted a Letter of Acceptance, Waiver, and Consent to the Financial Industry Regulatory Authority in which he was fined $10,000 and suspended from association with any FINRA member in all capacities for six months. The sanctions were based on findings that he engaged in private securities transactions in violation of NASD Rule 3040 and FINRA Rules 3280 and 2010. The suspension remains in effect from March 1, 2021, through August 31, 2021. In November 2015, Sean Daniel McDevitt joined Woodrock Securities L.P. while registered as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) in December 2016, disclosing that he had been terminated due to alleged misconduct. According to FINRA’s findings, McDevitt allegedly engaged in private securities transactions when he solicited four investors to purchase promissory notes in the amount of $600,000. The findings state that McDevitt had signed the promissory notes on behalf of the company and had not disclosed to his firm that he was engaged in the private securities transactions. Although Sean Daniel McDevitt is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 3280, and its predecessor NASD Rule 3040, generally define a private securities transaction as any securities transaction outside the regular scope of an associated person’s employment with a member. FINRA Rule 3280(b) and NASD 3040(b) both state 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.” A violation of FINRA Rule 3280 or NASD Rule 3040 is also a violation of FINRA Rule 2010, which 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 Puerto Rico Selling Away Attorney? Did your Puerto Rico 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 Selling Away Attorneys Representing San Juan, Puerto Rico 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 Puerto Rico, 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 Puerto Rico citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jun 11, 2021

Stanley, North Carolina Lawyer Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did Gary Wayne Hammond Cause You Investment Losses? Gary Wayne Hammond of Stanley, North Carolina submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was barred from association with any FINRA member in all capacities. The sanction was based on findings that he allegedly participated in private securities transactions in violation of FINRA Rules 3280 and 2010. In March 2017, Gary Wayne Hammond joined MML Investors Services, LLC while registered as a General Securities Representative and General Securities Sales Supervisor. The firm later filed a Uniform Termination Notice (Form U5), disclosing that he had been terminated due to alleged misconduct. According to FINRA’s findings, Hammond allegedly participated in at least 14 private securities transactions totaling $1,638,000. The findings state that the transactions involved investments in limited liability companies controlled by his half-brother and Hammond participated in the transactions by referring each customer, attending all the meetings regarding the investments, and collecting compensation of six percent per referral. In addition to the findings, Hammond falsely attested on his firm’s annual compliance questionnaires stating that he had not participated in private securities transactions or received referral fees away from his firm. Although Gary Wayne Hammond is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. Do You Need a North Carolina Attorney for Stockbroker Selling Away? FINRA Rule 3280 requires that prior to “participating in any manner” in a private securities transaction, a person associated with a member firm shall provide written notice to his or her firm “describing in detail the proposed transaction and the person’s proposed role therein.” FINRA Rule 3280 defines a private securities transaction as “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” A violation of FINRA Rule 3280 is also a violation of FINRA Rule 2010, which requires FINRA members and associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Did your Stanley, North Carolina 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 Selling Away Lawyers Representing Stanley, North Carolina 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 North Carolina, 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 North Carolina citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Mar 17, 2021

Laguna Beach, California Lawyer Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did David Allen Walters Cause You Investment Losses? David Allen Walters of Laguna Beach, California submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was assessed a fine of $5,000 and suspended from association with any FINRA member in all capacities for a period of four months. The sanctions were based on findings that he allegedly participated in private securities transactions in violation of FINRA Rules 3280 and 2010. The suspension is in effect from November 2, 2020, through March 1, 2021. In June 2017, David Allen Walters joined Advisory Group Equity Services under multiple registrations. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Walters had been discharged due to alleged misconduct. According to the FINRA findings, Walters allegedly participated in four private securities transactions worth $450,000 without providing prior notice to his firm. The findings state that Walters served as executive chairman for the company that was invested in and although he disclosed the outside business activity to his firm, he stated that the source of its capital would be from personal assets rather than from the investors. In addition, while David Allen Walters did not receive any compensation, he remains subject to FINRA’s jurisdiction and sanctions. FINRA Rule 3280 requires that prior to “participating in any manner” in a private securities transaction, a person associated with a member firm shall provide written notice to his or her firm “describing in detail the proposed transaction and the person’s proposed role therein.” FINRA Rule 3280 defines a private securities transaction as “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” A violation of FINRA Rule 3280 is also a violation of FINRA Rule 2010, which requires FINRA members and associated persons 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 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 Attorneys Representing Laguna Beach, 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.

Mar 13, 2021

Summit, New Jersey Lawyer Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did Andrew Joseph LeBlanc Cause You Investment Losses? Andrew Joseph LeBlanc II of Summit, New Jersey was fined $20,000 and suspended from association with any FINRA member for a period of six months. The sanctions were based on findings that he participated in private securities transactions without notice or approval from his firm in violation of NASD Rule 3040 and FINRA Rule 2010. The suspension is in effect from November 16, 2020, through May 15, 2021. In 1995, Andrew Joseph LeBlanc II joined Merrill Lynch, Pierce, Fenner & Smith, Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that LeBlanc had been terminated due to alleged misconduct. According to the FINRA findings, LeBlanc allegedly participated in two private transactions totaling $1.75 million without notifying his firm. The findings state that LeBlanc did not receive compensation for participating in the transactions and the customers are unlikely to receive any return. In addition, LeBlanc allegedly failed to report the private transactions on his firm’s annual compliance questionnaires. NASD Rule 3040 prohibits any person associated with a member from “participating in any manner in a private securities transaction” without first providing written notice to his member firm.1 NASD Rule 3040(e) defines a private securities transaction as any securities transaction outside of the regular course or scope of an associated person’s employment with a member. Participation in a private securities transaction includes not only making the sale, but also, for example, “referring customers, introducing customers to the issuer, [and] arranging and/or participating in meetings between customers and the issuer.”2 A violation of NASD Rule 3040 is also a violation of FINRA Rule 2010. Do You Need a New Jersey FINRA Securities Arbitration Attorney? Did your New Jersey 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 Selling Away Lawyers Representing Summit, New Jersey 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 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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893 search results found for “Broker Misconduct”