#bestsecuritiesarbitrationattorney - Law Offices of Robert Wayne Pearce

Jul 27, 2021

Centereach, New York FINRA Securities Arbitration Attorney

Did Corey Alexander Johnson Cause You Investment Losses? Corey Alexander Johnson of Centereach, New York was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of 30 days. The sanctions were based on findings that he allegedly exercised discretionary trading without authorization in violation of NASD Rule 2510 (b) and FINRA Rule 2010. The suspension was in effect from April 19, 2021, through May 18, 2021. In June 2011, Corey Alexander Johnson joined Aegis Capital Corp. and became registered as a General Securities Representative. According to FINRA’s findings, from April 2017 through April 2019, Johnson exercised discretionary trading in five customers’ accounts effecting approximately 1,358 transactions. The findings state that prior to placing the trades, Johnson allegedly failed to obtain authorization from the customers to exercise discretion in their accounts and Aegis did not accept any of the accounts as discretionary accounts, therefore violating NASD Rule 2510(b) and FINRA Rule 2010. 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. Do You Need a New York FINRA Securities Arbitration Attorney? Are you a Centereach, 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, 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 Centereach, New York 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 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.

Jul 13, 2021

Canutillo, Texas FINRA Securities Arbitration Attorney

Did Israel Soto Cause You Investment Losses? Israel Soto of Canutillo, Texas submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $7,500 and suspended from association with any FINRA member in all capacities for a period of three months. The sanctions were based on findings that he allegedly engaged in an outside business activity and failed to notify his firm of an outside business account he opened in violation of FINRA Rules 3270, 3210 and 2010. The suspension was in effect from March 1, 2021, through May 31, 2021. From April 2018 through March 2020, Israel Soto was registered with Morgan Stanley Smith Barney, LLC as a General Securities Representative. According to FINRA’s findings, Soto formed a limited liability company and served as the registered agent and sole managing member while registered with Morgan Stanley. The findings state that Soto allegedly failed to seek approval from Morgan Stanley before forming the company and falsely attested that he had not engaged in undisclosed outside business activities on their annual compliance questionnaires. In addition, the findings further allege that Soto also opened and controlled a brokerage account at another member firm, without seeking approval from Morgan Stanley and falsely attesting to the outside business account on their annual compliance questionnaires. Although Israel Soto is not currently registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 3270 states that “no registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated by, 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.” FINRA Rule 3210 requires a person associated with a member firm, prior to opening a brokerage account with another member firm, to notify both firms of his or her association with the other member firm. These requirements apply to accounts in which the associated person has a beneficial interest. A violation of FINRA Rule 3210 also violates FINRA Rule 2010. Do You Need a Texas FINRA Securities Arbitration Attorney? Are you a Canutillo, Texas investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Texas 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 Canutillo, Texas 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 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 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 Texas citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jun 17, 2021

Chesterland, Ohio FINRA Securities Arbitration Lawyer

Did Robert Leslie Mandau Cause You Investment Losses? Robert Leslie Mandau of Chesterland, Ohio 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 an outside business activity in violation of FINRA Rules 3270 and 2010. The suspension was in effect from January 19, 2021, through April 18, 2021. In 2002, Robert Leslie Mandau joined Thrivent while registered as an Investment Company and Variable Contracts Products Representative and a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing Mandau’s voluntary termination due to alleged misconduct. According to FINRA’s findings, Mandau allegedly violated his firms policies when he engaged in an outside business activity by preparing annual tax returns for friends, family, and customers without providing notice to his firm. The findings state that Mandau was aware of the firms written supervisory procedures and received approximately $4,550 in compensation for his services. The findings further state that Mandau falsely attested on five of Thrivent’s annual certifications regarding his outside business activity. Although Robert Leslie Mandau is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. Do You Need an Ohio FINRA Securities Arbitration Attorney? FINRA Rule 3270 prohibits registered persons from being an “employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having 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. Are you a Chesterland, Ohio investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Ohio 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 Chesterland, Ohio 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 Ohio, 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 Ohio citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jun 13, 2021

Atlanta, Georgia FINRA Securities Arbitration Lawyer

Did John Frederick Griner Cause You Investment Losses? John Frederick Griner of Atlanta, Georgia 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 15 days. The sanctions were based on findings that he allegedly exercised discretionary trading in violation of NASD Rule 2510(b) and FINRA Rules 3260(b) and 2010. The suspension was in effect from February 1, 2021, through February 22, 2021. In March 2011, John Frederick Griner joined Morgan Stanley while registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that Griner resigned while under internal review. According to the FINRA findings, Griner effected multiple trades in four customers’ accounts without first speaking with the customers or seeking approval from Morgan Stanley. The findings state that although the customers were aware that Griner was exercising discretion in their accounts, he did not have prior authorization from the customers or Morgan Stanley to do so. Do You Need a Georgia FINRA Securities Arbitration Attorney? NASD Rule 2510(b) and FINRA Rule 3260(b) prohibit registered representatives from exercising any discretionary power in a customer’s account unless such customer has given prior written authorization to a stated individual or individuals and the account has been accepted as discretionary by the member firm, as evidenced in writing by the member. Violations of NASD Rule 2510(b) and FINRA Rule 3260(b) also constitute violations of FINRA Rule 2010, which requires an associated person to observe high standards of commercial honor and just and equitable principles of trade. Are you an Atlanta, Georgia investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Georgia 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 Atlanta, Georgia 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 Georgia, 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 Georgia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

May 6, 2021

Davidsonville, Maryland FINRA Securities Arbitration Lawyer

Did Paul Lawrence Fowler Cause You Investment Losses? Paul Lawrence Fowler of Davidsonville, Maryland submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly executing unauthorized securities transactions in violation of FINRA Rule 2010. Due to the alleged misconduct, Fowler was assessed a fine of $5,000, suspended from association with any FINRA member in all capacities for 30 days. The suspension was in effect from January 19, 2021, through February 17, 2021. In August 2016, Paul Lawrence Fowler joined Wells Fargo Clearing Services, LLC and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that he had been terminated due to his alleged misconduct. According to the FINRA findings, Fowler allegedly violated the firm’s written supervisory procedures by executing 14 unauthorized transactions with a total principal value of approximately $60,050. The findings state that Fowler received instructions from the husband of the account holder to execute the trades, however, he was not a signatory to or authorized individual of the account. The findings further state that Fowler earned $1,955.85 in commissions for the unauthorized transactions and was ordered to pay it back with interest. FINRA Rule 2010 requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. Unauthorized trading, which occurs when a registered representative executes trades in a customer’s account without first obtaining the customer’s authorization or consent, violates FINRA Rule 2010. Do You Need a Maryland FINRA Securities Arbitration Attorney? Are you a Maryland investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Maryland 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 Davidsonville, Maryland 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 Maryland, 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 Maryland citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Apr 22, 2021

Inver Grove Heights, Minnesota FINRA Securities Arbitration Lawyer

Did Timothy David O’Brien Cause You Investment Losses? Timothy David O’Brien of Inver Grove Heights, Minnesota submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $10,000 and suspended from association with any FINRA member for 45 days. The sanctions were based on findings that he allegedly placed unauthorized transactions in violation of FINRA Rule 2010. The suspension was in effect from December 7, 2020, through January 20, 2021. In May 2012, Timothy David O’Brien joined Feltl & Company and was registered as a general securities representative. According to the FINRA findings, O’Brien allegedly used a customer’s account to sell a limited partnership position and purchase Class A shares of a mutual fund. The findings state that O’Brien tried to contact the customer before placing the transactions but ended up executing the funds without her approval. The findings further state that once the customer became aware of the unauthorized transactions, she asked for O’Brien to reverse the transactions and he allegedly declined. Do You Need a Minnesota FINRA Securities Arbitration Attorney? FINRA Rule 2010 requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. A registered representative violates FINRA Rule 2010 by, among other things, executing unauthorized transactions. Are you an Inver Grove Heights, Minnesota investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Inver Grove Heights, Minnesota 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 Minnesota 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 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 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 Minnesota citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Mar 31, 2021

Miami, Florida Securities Arbitration Lawyer Who Represents Investors

Did Sonia Maria Fernandez Cause You Investment Losses? Sonia Maria Fernandez of Miami, Florida submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which she was fined $2,500 and suspended from association with any FINRA member in all capacities for a period of 20 days. The sanctions were based on findings that she engaged in unauthorized transactions in violation of FINRA Rule 2010. The suspension was in effect from November 2, 2020, through November 21, 2020. In February 2012, Sonia Maria Fernandez joined UBS Financial Services Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Fernandez resigned while under review due to alleged misconduct. According to the FINRA findings, Fernandez allegedly engaged in five transactions totaling $70,500 without approval from her firm. The findings state that Fernandez allegedly accepted checks made payable to another entity to avoid detection by her firm as the payee. In addition, Fernandez knew of the firms policy from entering into financial relationships or transactions with customers absent preapproval by the firm and had previously received a warning for the same misconduct. 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. Do You Need a Florida FINRA Securities Arbitration Attorney? Are you a Miami, Florida investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Florida 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, or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows the FINRA, AAA or JAMS rules and procedures inside and out and how to handle these FINRA, AAA or JAMS arbitration cases and other complex legal issues. Free Initial Consultation With Experienced FINRA, AAA and JAMS Securities Arbitration Lawyers Serving Miami, Florida Residents 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 Florida, 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 Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Mar 29, 2021

South Pasadena, California Securities FINRA Securities Arbitration Lawyer

Did RJJ Pasadena Securities Cause You Investment Losses? RJJ Pasadena Securities submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which the firm was censured, fined $5,000 and required to revise its WSP’s. The sanctions were based on findings that the firm allegedly failed to supervise one of their representatives in violation of NASD Rules 1021 and 1022 and FINRA Rules 1220, 3110, 2360, and 2010. Since 1980, RJJ Pasadena Securities has been a FINRA member firm and employs 5 registered representatives in Las Vegas, Nevada and South Pasadena, California. According to the FINRA findings, the firm had allegedly committed three supervisory violations by failing to enforce its own written supervisory procedures (WSP’s). The findings state that RJJ Pasadena violated its registration rules and allegedly allowed a registered representative to conduct their own business without supervision by a properly registered principal. FINRA Rule 1220(a)(8)(A) and its predecessor, NASD Rule 1022(0, require every firm that engages in options transactions with the public to have at least one registered options principal. Those rules further require any person engaged in the supervision of options sales practices to be registered as an options principal. FINRA Rule 2360(b)(20)(A) requires that “[e]ach member that conducts a public customer options business shall ensure that its written supervisory system policies and procedures pursuant to Rules 3110, 3120 and 3130 adequately address the member’s public customer options business. NASD Rule 1021(d)(1) was in effect until October 1, 2018.3 The rule allowed a registered representative “whose duties [were] changed by the member so as to require registration in any principal classification” a period of 90 calendar days following the change in his or her duties to pass the appropriate qualification examination. The rule prohibited a representative from functioning in the principal classification beyond the initial 90 calendar-day period without having passed the appropriate qualification examination. Do You Need a California FINRA Securities Arbitration Attorney? Are you a South Pasadena, California investor who has suffered significant losses in your stock brokerage and investment accounts? Did your California 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 South Pasadena, California 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 California, 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 California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Mar 23, 2021

Joliet, Illinois Securities Arbitration Attorney Who Represents Investors

Did Julian Jay Piekarczyk Cause You Investment Losses? An Office of Hearing Officers decision became final in which Julian Jay Piekarczyk of Joliet, Illinois was barred from association from any FINRA member in all capacities. The sanction was based on findings that he allegedly violated his firms policies which is in violation of FINRA Rule 2010. In May 1978, Julian Jay Piekarczyk joined Pruco Securities LLC (Pruco) and was registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) in August 2018, disclosing that Piekarczyk had been terminated due to alleged misconduct. According to the FINRA findings, Piekarczyk allegedly induced a customer to make his wife beneficiary of financial products bought and personally maintained joint control of the customers bank account without approval from his firm. The findings state that Piekarczyk notified his firm that the customer intended to make him beneficiary of his life insurance policy, however, he was not family so Pruco denied the request for approval and Piekarczyk’s wife was made beneficiary instead. The FINRA findings also state that Piekarczyk allegedly recommended the customer open and deposit $76,977 into an interest-bearing joint bank account with a right of survivorship. Additionally, once the customer died, Piekarczyk withdrew $69,512 from the account and deposited them into his personal account and his wife received checks totaling $76,540 as beneficiary for the financial products. Although Julian Jay Piekarczyk is no longer registered or associated with a FINRA member, he remains subject to FINRA’s jurisdiction and sanctions. FINRA Rule 2010 provides that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” FINRA Rule 2010 encompasses all unethical, business-related conduct, even if that conduct does not involve a security or a securities transaction. Conduct that reflects negatively on an associated person’s ability to comply with regulatory requirements fundamental to the securities industry is inconsistent with just and equitable principles of trade. A violation of an employer firm’s policies can violate just and equitable principles of trade. Do You Need an Illinois FINRA Securities Arbitration Attorney? Are you a Joliet, Illinois investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Joliet, 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, or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows the FINRA, AAA or JAMS rules and procedures inside and out and how to handle these FINRA, AAA or JAMS arbitration cases and other complex legal issues. Free Initial Consultation With Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Joliet, Illinois Residents 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.

Mar 19, 2021

Richmond, Virginia FINRA Securities Arbitration Attorney

Did Douglas W. Stopkey Cause You Investment Losses? Douglas W. Stopkey of Richmond, Virginia submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was suspended from association with any FINRA member for a period of 30 days. The sanction was based on findings that Stopkey allegedly exercised discretionary trading and mismarked orders in violation of NASD Rule 2510(b) and FINRA Rules 4511 and 2010. The suspension was in effect from November 16, 2020, through December 15, 2020. In March 1992, Douglas W. Stopkey joined Merrill Lynch, Pierce, Fenner & Smith, Inc. and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Stopkey had been terminated due to alleged misconduct. According to the FINRA findings, Stopkey allegedly effected 300 trades in 7 accounts held by 4 customers without written authorization. The findings state that Stopkey had caused his firm to maintain inaccurate books by marking trade tickets as unsolicited without discussing the trades. In addition, the findings also state that Stopkey falsely attested that one of the trades was a customers idea and that he had not exercised discretionary trading without speaking with any customer first. NASD Rule 2510(b) prohibited registered representatives from “exercising any discretionary power in a customer’s account unless such customer has given prior written authorization to a stated individual or individuals and the account has been accepted by the member.”‘ A violation of NASD Rule 2510(b) violates FINRA Rule 2010. FINRA Rule 4511 requires members to “make and preserve books and records as required under the FINRA rules, the Exchange Act and the applicable Exchange Act rules.” Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-3 thereunder require firms to make and keep books and records including a “memorandum of each brokerage order.” A registered representative who mismarks an order as “unsolicited” causes a firm to create an inaccurate record. Do You Need a Virginia FINRA Securities Arbitration Attorney? Are you a Richmond, Virginia investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Virginia 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 Attorney Serving Richmond, Virginia 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 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 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 Virginia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.