Aug 25, 2021

Old Greenwich, Connecticut FINRA Securities Arbitration Attorney

Did Larry Allen Bowman Cause You Investment Losses? Larry Allen Bowman of Old Greenwich, Connecticut 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 45 days. The sanctions were based on findings that he allegedly engaged in outside business activities in violation of FINRA Rules 3270 and 2010. The suspension was in effect from March 15, 2021, through April 28, 2021. In June 2018, Larry Allen Bowman joined Heritage Financial Systems, Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on December 24, 2019, disclosing that he had been permitted to resign due to alleged misconduct. According to FINRA’s findings, Bowman acted as a consultant and conducted financial modeling and analysis for three different companies without providing written notice or seeking approval from his firm. The findings state that Bowman received $18,750 in commission for his work and falsely attested on an annual compliance questionnaire that he had not engaged in any outside business activities. Although Larry Allen Bowman is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 3270 provides, in relevant part, that, “a registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.” A violation of FINRA Rule 3270 also constitutes a violation of FINRA Rule 2010. Do You Need a Connecticut FINRA Securities Arbitration Attorney? Are you a Connecticut investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Connecticut stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 FINRA Securities Arbitration Attorneys Serving Old Greenwich, Connecticut 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 Connecticut, 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 Connecticut citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Aug 23, 2021

Algonquin, Illinois FINRA Securities Arbitration Attorney

Did Lang Phu Nguyen Cause You Investment Losses? Lang Phu Nguyen of Algonquin, Illinois submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of 45 days. The sanctions were based on findings that he allegedly exercised discretionary trading without authorization and violated firm policies in violation of NASD Rule 2510(b) and FINRA Rule 2010. The suspension was in effect from March 15, 2021, through April 28, 2021. In July 2015, Lang Phu Nguyen joined Edward Jones and became registered as a General Securities Representative. According to FINRA’s findings, from January 2017 through December 2018, Nguyen allegedly exercised discretionary trading in seven customers’ accounts effecting approximately 350 transactions. The findings state that prior to placing the trades, Nguyen allegedly failed to obtain written authorization from the customers to exercise discretion in their accounts. In addition, the findings state that Nguyen violated firm policies when he allegedly used his personal cell phone to take 151 photographs of confidential customer information on 135 separate occasions and used his personal email address to transmit the images to his firm email account. Although Lang Phu Nguyen is no longer registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction. NASD Rule 2510(b) prohibits registered representatives from “exercising any discretionary power in a customer’s account” unless the customer has provided prior written authorization to the representative and the account has been accepted as a discretionary account, in writing, by the representative’s member firm. A violation of NASD Rule 2510(b) is also a violation of FINRA Rule 2010, to “observe high standards of commercial honor and just and equitable principles of trade.”. Do You Need an Illinois FINRA Securities Arbitration Attorney? Are you an Illinois investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Illinois stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 FINRA Securities Arbitration Attorneys Serving Algonquin, Illinois 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 Illinois, 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 Illinois citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Aug 21, 2021

Pawtucket, Rhode Island Securities Arbitration Attorney

Do You Need a Securities Arbitration Attorney? Keith Holcomb of Pawtucket, Rhode Island submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $7,500 and was suspended from association with any FINRA member in all capacities for a period of six months. The sanctions were based on findings that he borrowed money from a customer in violation of FINRA Rules 3240 and 2010. The suspension is in effect from April 5, 2021, through October 4, 2021. From September 2015 to June 2017, Keith Holcomb was registered with MML Investors Services, LLC as an Investment Company and Variable Contracts Products Representative. According to FINRA’s findings, Holcomb borrowed at least $31,420 from a customer without notifying or receiving approval from his firm. The findings state that the firm had supervisory procedures prohibited borrowing money from customers unless they were considered immediate family in which the customer was not. In addition, the findings state that Holcomb was aware that the customer suffered from serious health problems and was not financially secure at the time. Although Keith Holcomb is not currently associated with a FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 3240(a) states that a registered representative may not borrow money from any customer unless his member firm has written procedures that allow for such borrowing and the borrowing arrangement meets certain other conditions. FINRA Rule 3240(b) generally requires a registered representative to notify his member firm and obtain written pre-approval of his borrowing arrangement with a customer. A violation of Rule 3240 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to observe high standards of commercial honor and just and equitable principles of trade. Are you a Rhode Island investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Rhode Island stockbroker or investment advisor transfer assets without your authority to the stockbroker or another party, steal, or otherwise commit theft in your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA securities arbitration attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  Free Initial Consultation With Experienced Attorneys Handling Securities Arbitration Cases Serving Pawtucket, Rhode Island 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 Rhode Island, 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 Rhode Island citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Aug 15, 2021

Fenton, Michigan FINRA Securities Arbitration Lawyer

Did Candice Montie Cause You Investment Losses? Candice Montie of Fenton, Michigan submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which she 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 she participated in private securities transactions in violation of FINRA Rules 3280 and 2010. The suspension was in effect from April 19, 2021, through July 18, 2021. In November 2013, Candice Montie joined Moloney Securities and became registered as an Investment Company/Variable Contracts Products Representative and a General Securities Representative. According to FINRA’s findings, Montie participated in four private securities transactions involving $150,000 through another firm without providing prior written notice to Moloney Securities. The findings state that Montie assisted the investors with completing the paperwork, gathered the signed documents, answered the investors questions, coordinated all payments, and scanned and transmitted the required paperwork to the other broker-dealer to complete the transactions. Although Candice Montie is no longer registered or associated with a FINRA member, she remains subject to FINRA’s jurisdiction. FINRA Rule 3280 requires that, prior to participating 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. Do You Need a Michigan FINRA Securities Arbitration Attorney? Are you a Michigan investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Michigan stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 FINRA Securities Arbitration Lawyers Serving Fenton, Michigan 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 Michigan, 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 Michigan citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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