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.

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Staten Island, New York Securities Account Churning Lawyer

Did Christian Frank Lucchetto Cause You Investment Losses? Christian Frank Lucchetto 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 for a period of three months. The sanctions were based on findings that he allegedly engaged in excessive and unsuitable trading in violation of FINRA Rules 2111 and 2010. The suspension is in effect from February 16, 2021, through May 15, 2021. From July 2016 to September 2019, Christian Frank Lucchetto was registered as a General Securities Representative with  First Standard Financial Company LLC. According to the FINRA findings, Lucchetto allegedly engaged in excessive and unsuitable trading in a customer’s accounts. The findings state that while Lucchetto exercised de facto control over the account, his trading generated high cost-to-equity ratios of more than 71 percent and a turnover rate of 19.42. In addition to the findings, the customer paid a total of $30,454.86 in commissions and fees while incurring losses totaling $64,402.09. In addition, Lucchetto was ordered to pay $30,454.86, plus interest, in restitution to the customer. Do You Need a New York Securities Account Churning Attorney? FINRA Rule 2111, requires, among other things, an associated person “to have a reasonable basis for believing that a series of recommended transactions, even if suitable when viewed in isolation, are not excessive and unsuitable for the customer when taken together” in light of the customer’s investment profile. Excessive trading occurs, and is unsuitable, when a registered representative has actual or de facto control over trading in a customer’s account and the level of activity in that account is inconsistent with the customer’s investment needs and objectives. A violation of FINRA Rule 2111 is also a violation of FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. Are you a Staten Island, New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York 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 Staten Island, New York 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 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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Staten Island, New York Securities Misrepresentation Attorney

Did Louis Cook Cause You Investment Losses? Louis Cook of Staten Island, New York was barred from association with any FINRA member for allegedly making intentional misrepresentations to elderly investor customers.  During the relevant time period, Louis Cook was a registered representative with National Planning Corporation. According to FINRA, Louis Cook sent a cover letter to his customers in which he made intentional misrepresentations regarding a third-party authorization form.  Mr. Cook induced his elderly investor customers to sign the third-party authorization form by misrepresenting that it needed to be signed in order for Mr. Cook to continue servicing their variable annuity policies under the Department of Labor’s fiduciary rule.  After inducing his customers to sign the authorization forms, Mr. Cook is alleged by FINRA to have used those customers’ authorizations to withdraw money from their accounts for his personal use.  Without admitting or denying FINRA’s findings, Louis Cook has been barred from association with any FINRA member in any capacity. Do You Need A Securities Misrepresentation Attorney? New York 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 make misrepresentations about investing in securities (stocks, bonds, options, mutual funds, REITs, Junk Bonds, Hedge Funds, Structured Products, etc.) they are selling, the strategies they are recommending (margin, short selling, option) and to engage in many other kinds of stockbroker fraud and stockbroker misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers Who Represent Investors With Misrepresentation Claims In FINRA Arbitrations Throughout New York and Nationwide. Are you a 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 about the securities, investments or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by experienced, highly-rated and nationally recognized FINRA arbitration attorneys who know 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 with investment misrepresentation claims 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 one of the best securities attorneys to recover your investment losses for 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 misrepresentation 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 securities misrepresentation and stockbroker fraud claims such as stockbroker breach of fiduciary duty, stockbroker negligence, failure to supervise stockbrokers, and unsuitable recommendations by stockbrokers.  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 Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving New York Residents in FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle securities misrepresentation, stockbroker fraud, stockbroker misconduct 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 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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Staten Island, New York FINRA 8210 Defense Lawyers

Did Alec C. Franks Cause You Investment Losses? You may have read that Alec C. Franks of Staten Island, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. From August 2014 through April 2019, Alec C. Franks was registered under multiple capacities with First Standard Financial Company, LLC. According to the findings, FINRA sent a request to Franks during an investigation regarding his alleged involvement in outside business activities and excessive trading. The findings stated that Franks had initially cooperated with FINRA but later stated in an email that he allegedly acknowledged the request and refused to provide the documents. Although Alec C. Franks is no longer associated with any FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a) states that, for purposes of an investigation, FINRA may require any person subject to its jurisdiction to provide information and to permit FINRA staff to inspect and copy books and records that are in the person’s possession, custody, or control. FINRA Rule 8210(c) provides that “no person shall fail to provide information or to permit an inspection and copying of books, records, or accounts pursuant to this Rule.” A violation of FINRA Rule 8210 also is a violation of FINRA Rule 2010. Do you need a New York FINRA Defense Lawyer? Unfortunately, Alec C. Franks might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Staten Island, New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case.  Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA 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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