#bestattorneyformutualfundinvestment - Law Offices of Robert Wayne Pearce

Sep 15, 2021

Fairfield, Iowa Mutual Fund Investment Dispute Attorney

Did Cambridge Investment Research, Inc. Cause You Investment Losses? Cambridge Investment Research, Inc. submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which they were censured, fined $400,000, ordered to pay $3,134,354.82 in restitution to customers and required to establish and implement policies, procedures, and internal controls. The sanctions were based on findings that Cambridge allegedly failed to reasonably supervise representatives’ recommendations and lacked a reasonable supervisory system in violation of NASD Rule 3010 and FINRA Rules 3110 and 2010. Cambridge, which became a FINRA member firm in 1995, is headquartered in Fairfield, Iowa and has approximately 4,400 registered representatives and 2,500 branch offices throughout the United States. According to FINRA findings, Cambridge allegedly failed to reasonably supervise its registered representatives recommendations of a mutual fund, LJM Preservation & Growth Fund (LJM) and permitted the sale of the funds. The findings state that Cambridge representatives sold more than $18 million in the mutual fund to customers without conducting reasonable due diligence and without a sufficient understanding of its risks and features, including that the fund pursued a risky strategy. The FINRA findings further state that the fund eventually liquidated and closed after an extreme volatility event which caused the value to drop 80 percent, resulting in millions of dollars in losses for the customers. NASD Rule 3010 and its successor, FINRA Rule 3110, set forth FINRA members’ supervisory obligations. Subsection (a) requires that each member shall establish and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable NASD and FINRA Rules. Subsection (b) requires that each member shall establish, maintain, and enforce written procedures to supervise the types of business in which it engages and the activities of its associated persons that are reasonably designed to achieve compliance with applicable securities laws and regulations, and with the applicable NASD and FINRA Rules. Violations of FINRA Rule 3110 and NASD Rule 3010 also constitute violations of FINRA Rule 2010. Do You Need an Iowa Attorney for a Mutual Fund Investment Dispute? Are you a Fairfield, Iowa investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Iowa 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 Attorneys Serving Fairfield, Iowa 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 Iowa, 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 Iowa citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Feb 9, 2021

Katy, Texas Securities Lawyer For Mutual Fund Investment Disputes

Did Quincy DeEarl Caldwell Cause You Investment Losses? Quincy DeEarl Caldwell, of Katy Texas, was suspended by the Financial Industry Regulatory Authority (FINRA) for allegedly recommending and executing unsuitable short-term mutual fund trades in six customer accounts, causing the customers to suffer losses of approximately $57,820. FINRA found that Quincy Caldwell recommended and effected 119 unsuitable short-term mutual fund trades, including 22 mutual fund switches, with an average holding time of just 110 days. Due to Mr. Caldwell’s unsuitable recommendations and short-term mutual fund trades, his customers incurred $57,820 in Class A upfront mutual fund sales charges. Without admitting or denying FINRA’s findings, Quincy Caldwell was suspended from association with any FINRA member for a period of three months, and assessed a deferred fine of $5,000. Do You Need an Attorney for a Mutual Fund 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 Mutual Funds and engage in all kinds of stockbroker misconduct which violates Federal and Texas securities laws and Financial Industry Regulatory Authority (FINRA) rules as well as the stock brokerage firms policies and procedures. Experienced Securities Attorneys Handling Claims For Mutual Fund Investors 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 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 related thereto, like when they are making unsuitable investments Class A, B, 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. You will also need an experienced lawyer who 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 lawyer like Robert Wayne Pearce with over 40 years of experience with Mutual Fund investment disputes by 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 Mutual Funds 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 Mutual Fund and securities law and investment disputes 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 Mutual Funds. 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 Mutual Fund Investment Lawyer Serving Texas Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle Mutual Fund 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 an attorney with over 40 years of experience and success in Mutual Fund cases 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.

Jan 26, 2021

Newport News, Virginia Securities Lawyer For Mutual Fund Investment Disputes

Did Steve Heath Cause You Investment Losses? Steve Dale Heath of Newport News, Virginia, submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly executing unsuitable mutual fund trades, including switches, in the account of an elderly customer with conservative investment goals, causing approximately $7,207 in losses for the customer. FINRA alleged that Steve Heath recommended and effected short-term mutual fund trades in the elderly customer’s account. Mutual funds are intended as long-term investments but Mr. Heath recommended selling after only 249 days on average. Further, some of the trades involved mutual fund switches, which were unsuitable in light of the customer’s conservative investment objectives. Mutual fund “switching” is the process of transferring an investment from one mutual fund to another, for significant reasons or to defraud clients. Some brokers attempt numerous switches in client accounts in order to generate commissions. FINRA’s findings stated that this pattern of unsuitable mutual fund switches violated NASD Rule 2310 and FINRA Rules 2010 and 2011. Mr. Heath consented to FINRA’s findings, without admitting or denying the allegations, was suspended from association with any FINRA member for a period of two months, fined $5,000 and ordered to pay restitution to the elderly customer in the amount of $7,207, plus interest. Do You Need a Lawyer for a Mutual Fund Dispute? Virginia has hundreds 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 Mutual Funds and engage in all kinds of stockbroker misconduct which violates Federal and Virginia securities laws and Financial Industry Regulatory Authority (FINRA) rules as well as the stock brokerage firms policies and procedures. Experienced Securities Attorneys Handling Claims For Mutual Fund Investors In FINRA Arbitrations Throughout Virginia and Nationwide. Are you a Virginia investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Virginia 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 related thereto, like when they are making unsuitable investments Class A, B, 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. You will also need an experienced lawyer who 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 lawyer like Robert Wayne Pearce with over 40 years of experience with Mutual Fund investment disputes by 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 Mutual Funds 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 Mutual Fund and securities law and investment disputes 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 Mutual Funds. Attorney Pearce and his staff represent investors throughout Virginia, 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 Mutual Fund Investment Lawyer Serving Virginia Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle Mutual Fund 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 an attorney with over 40 years of experience and success in Mutual Fund cases and all kinds of securities law and investment disputes serving Virginia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.