Mutual Fund Investment Dispute Lawyer - 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.

Jun 3, 2021

Hebron, Kentucky Mutual Fund Investment Dispute Lawyer

Did Angel Wynette Bardeche Cause You Investment Losses? Angel Wynette Bardeche of Hebron, Kentucky submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which she was fined $10,000, ordered to pay $5,000 in disgorgement and suspended from association with any FINRA member for a period of nine months. The sanctions were based on findings that Bardeche allegedly made unsuitable recommendations and exercised discretionary trading in violation of NASD Rule 2510(b) and FINRA Rules 2111(a) and 2010. The suspension is in effect from January 19, 2021, through October 18, 2021. In August 2012, Angel Wynette Bardeche joined Ameriprise Financial Services. Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that Bardeche had been terminated due to firm policy violations. According to FINRA’s findings, Bardeche allegedly engaged in an unsuitable strategy on 112 separate occasions when she recommended to 32 customers that they enter into unsuitable switching transactions that often-included short-term liquidations without having a reasonable basis to believe they were suitable. FINRA’s findings state that due to the unsuitable recommendations, the customers paid a total of $450,000 in sales charges. The findings further allege that Bardeche also exercised discretion by executing 109 transactions in eight customer accounts without prior authorization from the customers or her member firm. Although Angel Wynette Bardeche is no longer registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 2111(a) requires that an associated person have a “reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer(.)” A violation of FINRA Rule 2111 is also a violation of FINRA Rule 2010, which provides that a registered representative “shall observe high standards of commercial honor and just and equitable principles of trade.” Do You Need a Kentucky Mutual Fund Investment Dispute Attorney? Are you a Hebron, Kentucky investor who has suffered significant losses in your stock brokerage and investment accounts? Did your [State] 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 Lawyers Serving Hebron, Kentucky 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 Kentucky, 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 Kentucky 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.

Feb 8, 2021

Chadds Ford, Pennsylvania Securities Lawyer For Mutual Fund Investment Disputes

Did Mark Koehler Cause You Investment Losses? Former Cetera Advisor Networks broker Mark Koehler was barred by the Financial Industry Regulatory Authority (FINRA) for refusal to produce information and documents requested by FINRA pertaining to an investigation into unsuitable trading in a senior customer’s accounts, including short-term mutual fund switching and excessive trading. FINRA’s investigation began in April 2014, upon receipt of a tip that Mark Charles Koehler of Chadds Ford, Pennsylvania, had engaged in unsuitable trading in the accounts of a senior customer. FINRA reviewed trading in Mr. Koehler’s other customer accounts and investigated the following: whether Mr. Koehler engaged in unsuitable short-term mutual fund switching and excessive trading; whether he placed undue influence on a customer before her passing; and whether Mr. Koehler failed to disclose his status as beneficiary in the same customer’s will. Pursuant to FINRA Rule 8210, FINRA sent Mr. Koehler two requests for documents and information. Mr. Koehler failed to respond to either requests instead stating through counsel that he would not produce the documents or information requested. Mr. Koehler violated FINRA Rules 8210 and 2010 by refusing to comply with FINRA’s request. As a result, Mr. Koehler was barred from associating with any FINRA member in any capacity. Do You Need A Securities Lawyer For Mutual Fund Investment Disputes? Pennsylvania 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 Pennsylvania 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 Pennsylvania and Nationwide. Are you a Pennsylvania investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Pennsylvania 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 as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Mutual Funds. Attorney Pearce and his staff represent investors throughout Pennsylvania, 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 Pennsylvania 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 Pennsylvania citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jan 27, 2021

Holbrook, New York Securities Lawyer For Mutual Fund Investment Disputes

Did American Portfolios Financial Cause You Investment Losses? American Portfolios Financial Services, Inc. (American Portfolios) submitted a letter of Acceptance, Waiver, and Consent (AWC) in which it was censured and fined $50,000 by the Financial Industry Regulatory Authority (FINRA) for failing to supervise the unsuitable mutual fund switches by two of its registered representatives. According to FINRA, American Portfolios, based out of Holbrook New York, engaged in unsuitable mutual fund switching through two of its registered representatives which resulted in its customers incurring nearly $91,000 in unnecessary sales charges. During the relevant time period, FINRA found that the two American Portfolios representatives recommended 78 unsuitable mutual fund switch transactions in 15 customer accounts. Do You Need A Securities Lawyer For Mutual Fund Investment Disputes? 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 misrepresent and mislead investors about investing in Mutual Funds and engage in all kinds of stockbroker misconduct which violates Federal and New York 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 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 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 as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Mutual Funds. 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 An Experienced Mutual Fund Investment Lawyer Serving New York 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 New York 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.

Jan 18, 2021

Tarkio, Missouri Securities Lawyer For Mutual Fund Investment Disputes

Did David Raymond Colflesh Cause You Investment Losses? David Raymond Colflesh submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he received a suspension and ordered to pay $34,546.98 in deferred disgorgement of commissions received. David Colflesh of Tarkio, Missouri was registered with NYLife Securities as a variable contract representative and a direct participation programs representative when he allegedly recommended non-diversified mutual funds to 90 customers without any basis to believe that his recommendations were suitable because he had no understanding of the funds’ complexity or potential risks. According to FINRA’s findings, the customers purchased 250 funds worth $4.5 million and Mr. Colflesh earned $34,546.98 in commissions. FINRA also found that Mr. Colflesh’s recommendations exposed his customers to a level of risk that was unsuitable, due to their investment objectives. Based on the above-referenced conduct, FINRA concluded David Colflesh was in violation of FINRA Rules 2111 and 2010. Without admitting or denying the findings, David Colflesh agreed to the sanctions and has been suspended from associating with any FINRA member in all capacities for 18 months. Do You Need A Missouri Securities Lawyer For Mutual Fund Investment Disputes? Missouri 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 Missouri 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 Missouri and Nationwide. Are you a Missouri investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Missouri 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 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. Se habla español Free Initial Consultation With An Experienced Mutual Fund Investment Lawyer Serving Missouri 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 Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jan 14, 2021

Minneapolis, Minnesota Securities Lawyer For Mutual Fund Investment Disputes

Did James Merle Culbertson Cause You Investment Losses? James Merle Culbertson, a former broker at Minneapolis, Minnesota based Ameriprise Financial Services, Inc., submitted a Letter of Acceptance, Waiver and Consent (AWC) in which he agreed to the described penalties and to the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that he had conversations with customers concerning securities transactions he was recommending; and in these conversations, Mr. Culbertson omitted or misrepresented important information regarding the transactions. FINRA’s findings stated that Mr. Culbertson circumvented his firm’s supervisory review pertaining to mutual fund transactions he effected by not submitting the appropriate documentation or by submitting incomplete or incorrect documentation for the firm’s review. The firm required its registered representatives, including Mr. Culbertson, to complete and submit documentation concerning certain mutual fund transactions. The firm applied these procedures to ensure that it reviewed the proposed transactions for suitability and to ascertain that the registered representative recommended the appropriate share class for purchases. According to FINRA, Mr. Culbertson serviced customers’ non-discretionary accounts. Mr. Culbertson received these customers’ orders but did not timely enter the orders for transactions in the customers’ accounts. Without re-confirming the trades with the customers, Mr. Culbertson instead entered the orders in their accounts on a discretionary basis. FINRA also found that based on Mr. Culbertson’s recommendation, a customer agreed to surrender his variable annuity and purchase a fixed annuity with the proceeds of approximately $89,346. These transactions were unsuitable for the customer because funds could be withdrawn from the variable annuity at any time, the variable annuity had a higher guaranteed fixed rate and death benefit, and the fees associated with the variable annuity were lower than those associated with the fixed annuity. Mr. Culbertson of Oakdale, Minnesota was fined $20,000 and suspended from association with any FINRA member in any capacity for 12 months. The fine must be paid either immediately upon Mr. Culbertson’s re-association with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Do You Need A Securities Lawyer For Mutual Fund Investment Disputes? Minnesota 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 Minnesota 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 Minnesota and Nationwide. Are you a Minnesota investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Minnesota 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 Minnesota, 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 Minnesota 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 Minnesota citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jan 12, 2021

Milwaukee, Wisconsin Securities Lawyer For Mutual Fund Investment Disputes

Did Robert W. Baird & Co. Cause You Investment Losses? Robert W. Baird & Co. Inc. (Baird) of Milwaukee, Wisconsin submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly taking advantage of certain retirement plan and charitable organization customers that were eligible to purchase Class A shares in certain mutual funds without a front-end sales charge. In May 2015, Baird self-reported to FINRA that many eligible customers had not received available sales charge waivers. Baird estimated that approximately 1,400 accounts purchased mutual fund shares for which an available sales charge waiver was not applied. Baird estimated that clients were overcharged approximately $1.8 million due to its supervisory failures. Without admitting or denying the FINRA allegations, Baird agreed to the sanctions and was ordered to pay restitution plus interest to effected customers estimated at $2.1 million. Do You Need a Lawyer for a Mutual Fund Dispute? Wisconsin 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 Wisconsin 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 Wisconsin and Nationwide. Are you a Wisconsin investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Wisconsin 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 areassuch asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Mutual Funds. Attorney Pearce and his staff represent investors throughout Wisconsin, 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 Wisconsin 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 Wisconsin citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jan 12, 2021

Lake Orion, Michigan Securities Lawyer For Mutual Fund Investment Disputes

Did Timothy Robert Millis Cause You Investment Losses? Michigan 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 Michigan securities laws and Financial Industry Regulatory Authority (FINRA) rules as well as the stock brokerage firms policies and procedures. Timothy Robert Millis of Lake Orion, Michigan submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he received a suspension for allegedly making unsuitable recommendations in violation of FINRA Rules 2111 and 2010. Mr. Millis joined NYLIFE Securities as General Securities Representative and Insurance Agent in 2002. FINRA’s findings stated that Mr. Millis recommended 66 unsuitable short-term Class A mutual fund share transactions in ten customers’ accounts. According to FINRA, the ten customers were charged approximately $174,725 in upfront sales charges and five customers incurred losses totaling approximately $33,391. In addition, FINRA found that Mr. Millis made a recommendation to another customer for an unsuitable switch from a variable annuity to Class A mutual fund shares resulting in a surrender charge of $14,866 and upfront sales charges of $15,340. FINRA further found that Mr. Millis did not have a reasonable basis to believe these recommendations were suitable and therefore violated the customer-specific suitability obligation. Without admitting or denying FINRA’s findings, Timothy Robert Millis was suspended from associating with any FINRA member in all capacities for three months and ordered to pay to FINRA a deferred disgorgement of a portion of the commissions received in the amount of $7,500. Experienced Securities Attorneys Handling Claims For Mutual Fund Investors In FINRA Arbitrations Throughout Michigan and Nationwide. 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 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. Do You Need A Securities Lawyer For Mutual Fund Investment Disputes? 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 areassuch asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Mutual Funds. 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 Free Initial Consultation With An Experienced Mutual Fund Investment Lawyer Serving Michigan 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 Michigan citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.