Did Richard Craig Berg Cause You Investment Losses?
Richard Craig Berg of Town and Country, Missouri submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which he received a fine and suspension by the Financial Industry Regulatory Authority (FINRA) for allegedly participating in private transactions in violation of FINRA Rules 3270, 2010 and NASD Rules 3040 and 2110.
Mr. Berg was registered as a General Securities Representative with Prudential Securities and Wells Fargo from 1990 through 2018. According to FINRA’s findings, Mr. Berg failed to timely notify his firms in which he engaged in two outside business activities and earned compensation. FINRA found that Mr. Berg and a customer of the firm owned and operated a company engaged in the acquisition and management of residential rental properties. Mr. Berg was also the owner of a residential rental property and rented the property out. FINRA’s findings also stated that Mr. Berg did not notify his firms of at least twelve purchases of securities issued by eleven privately held companies totaling $1,251,000. Additionally, he completed at least four compliance questionnaires during this period and falsely attested that he had disclosed all private securities transactions to the firms. Richard Craig Berg, without admitting or denying FINRA’s findings, was assessed a deferred fine of $10,000 and suspended from associating with any FINRA member in all capacities for four months.
Do You Need A Missouri Securities Arbitration Attorney Who Sues Stockbrokers For Selling Away?
Missouri 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 recommend investments that were never reviewed nor authorized by their employers and engage in many other types of misconduct which violates Federal and Missouri securities laws, Financial Industry Regulatory Authority (FINRA) rules as well as stock brokerage firms policies and procedures.
Experienced Securities Lawyers Who Represent Investors Sold Unauthorized Investments (Selling Away) In FINRA Arbitrations Throughout Missouri and Nationwide.
Did your Missouri stockbroker or investment advisor recommend an investment that turned out to be an investment 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.
You also need a lawyer knowledgeable of FINRA rules and procedures to handle these FINRA arbitration Selling Away cases involving 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 arbitration proceedings, you will clearly see that Attorney Pearce aggressively represents investors and is one of the best attorneys to help you recover your unauthorized investment losses from stockbrokers, investment advisors and their employers in FINRA arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in not just Selling Away cases but all kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as stockbroker fraud and securities misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations. Attorney Pearce and his staff represent investors throughout Missouri, 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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Free Initial Consultation With An Experienced Selling Away Attorney Representing Missouri Residents in FINRA Arbitrations
The Law Offices of Robert Wayne Pearce, P.A. are highly experienced attorneys who successfully handle Selling Away and other securities investment cases 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 all kinds of securities law and investment disputes in FINRA arbitrations serving Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.