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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.

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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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Robert Wayne 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 $140 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.

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