Feb 2, 2021

Cincinnati, Ohio Securities Account Theft Lawyer

Did Janet Louise Frakes Cause You Investment Losses? Janet Louise Frakes, a former broker at Cincinnati, Ohio based Fifth Third Securities, Inc., submitted a Letter of Acceptance, Waiver and Consent in which she agreed to, without admitting or denying, the described penalty and the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that she misappropriated more than $100,000 from the account of an elderly customer and $16,000 from another elderly customer’s account at a bank.  According to FINRA, Ms. Frakes perpetrated the misappropriation of the customers’ money partially by means of submitting fake withdrawal slips.  Ms. Frakes falsely signed a customer’s withdrawal slips as power of attorney (POA) on file.  The bank had no record of a POA on file for the account.  Additionally, FINRA sent a request to Ms. Frakes for, among other things, a signed statement responding to the misappropriation allegations.  Ms. Frakes’ attorney replied to FINRA by letter, refusing to provide a written statement.  Ms. Frakes of Independence, Kentucky was prohibited from association with any FINRA member in any capacity. Do You Need A Securities Account Theft Lawyer? Ohio 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 transfer cash and/or securities out of your account, that is steal or commit theft and all kinds of other stockbroker misconduct which violates Federal and Ohio securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Attorneys With Securities Account Theft Claims In FINRA Arbitrations Throughout Ohio and Nationwide. Are you an Ohio investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Ohio 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 arbitration securities law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration forgery cases and other complex legal issues.  By hiring a top rated lawyer like Robert Wayne Pearce with over 40 years of experience with securities account theft claims by practicing securities law on both sides of the table and handling theft cases in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle theft cases—he aggressively represents investors and is one of the best lawyers to recover your securities account losses resulting from theft 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 securities law and investment theft disputes in FINRA arbitration and mediation proceedings. We also handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations.  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 Free Initial Consultation With An Experienced Attorney Handling Securities Account Theft Cases Serving Ohio Residents in FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle securities account theft 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 a lawyer with over 40 years of experience and success in securities account related thefts and all kinds of securities law and investment disputes serving Ohio citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Feb 2, 2021

Delphos, Ohio Securities Arbitration Attorney Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did Kevin Edward Looser Cause You Investment Losses? Kevin Edward Looser of Delphos, Ohio submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly engaging in private securities transactions in violation of NASD Rule 3040 and FINRA Rule 2010. Kevin Looser joined Sigma Financial Corporation (Sigma) as a General Securities Representative in September 2005.  According to FINRA’s findings, Mr. Looser allegedly engaged in 14 private securities transactions without giving prior written notice to his firm; that is, he engaged in “selling away.”  FINRA’s findings stated, Mr. Looser disclosed to his firm that he was a co-owner of a company that developed video platforms to connect on-call interpreters with deaf or limited language individuals, to which the firm approved.  However, FINRA found that Mr. Looser also raised $430,000 for the company from 13 firm investors and one non-firm investor.  FINRA’s investigators found that Mr. Looser discussed agreements and received checks from two of the investors which he gave to the co-owner but failed to disclose to his firm. Without admitting or denying FINRA’s allegations, Kevin Edward Looser received a suspension from associating with any FINRA member in all capacities for four months.  Do You Need A Securities Arbitration Attorney Who Sues Stockbrokers For Selling Away? Ohio has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisor offices, comes the potential for their stockbrokers, financial advisors, and other representatives to recommend investments that were never reviewed nor authorized by their employers and engage in many other types of misconduct which violates Federal and Ohio securities laws, Financial Industry Regulatory Authority (FINRA) rules as well as stock brokerage firms policies and procedures.  Experienced Securities Lawyers Who Represent Investors Sold Unauthorized Investments (Selling Away) In FINRA Arbitrations Throughout Ohio and Nationwide. Did your Ohio stockbroker or investment advisor recommend an investment that turned out to be an investment never reviewed or approved by their stockbrokerage firm employer. The stockbrokers who stoop to that level are usually insolvent or uncollectible. And so, the investor’s only recourse is against the brokerage firm employer. But stockbrokerage firms always claim ignorance of the stockbroker’s activities and deny liability for the sale of unauthorized investments which they call Selling Away as if that was an absolute defense. Not so! You will definitely need an experienced attorney who knows the securities laws and how to hold the stockbrokerage firm responsible for their employees Selling Away under legal principles of actual authority, apparent authority, estoppel and failure to supervise. If your attorney knows where to look he/she can often find Red Flags of the alleged unauthorized sales that the firm did not look for, missed or saw and just ignored. You also need a lawyer knowledgeable of FINRA rules and procedures to handle these FINRA arbitration Selling Away cases involving complex legal issues.  By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce aggressively represents investors and is one of the best attorneys to help you recover your unauthorized investment losses from stockbrokers, investment advisors and their employers in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in not just Selling Away cases but all kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as stockbroker fraud and securities misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations.  Attorney Pearce and his staff represent investors throughout 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 Free Initial Consultation With An Experienced Selling Away Attorney Representing Ohio Residents in FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Selling Away and other securities investment cases in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA arbitrations serving Ohio citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Feb 1, 2021

Columbus, Ohio Attorney Who Sues Stockbrokers Who Made Unsuitable Investment Recommendations

Did David Miller Cause You Investment Losses? David Miller of Columbus, Ohio was named in a FINRA complaint that alleged he made negligent misrepresentations and omissions of material fact in connection with customers’ purchases of UITs. FINRA alleged that Mr. Miller recommended 140 UIT purchases totaling over $5.3 million in 129 customer accounts without having a reasonable basis to make the recommendations, in violation of FINRA Rules 2111 and 2010. During the relevant time period, Mr. Miller was registered as a General Securities Representative (GSR) with The Huntington Investment Company (Huntington). The FINRA complaint originated after Huntington filed a Form U5 disclosing that Mr. Miller had “violated industry standards of conduct.”  Upon investigation, FINRA found that Mr. Miller engaged in a pattern of recommending unsuitable UITs without having a reasonable basis for the recommendations, causing his customers to lose a total of $1,019,656.83.  According to FINRA, Mr. Miller did not “undertake reasonable diligence to ensure he adequately understood the features and risks of the UITs before recommending them.”  Mr. Miller allegedly recommended UITs with portfolios consisting of the common stock of closed-end investment companies (known as “closed-end funds” or “CEFs”).  UIT prospectuses disclosed that some CEFs invested in below investment-grade securities and speculative junk bonds which subjected them to greater risks. Additionally, FINRA found that Mr. Miller failed to disclose material facts to eight customers in connection with separate UIT purchases resulting in losses totaling $171,464.  For violating FINRA Rules 2111 and 2010, Mr. Miller was barred from association with any FINRA member, ordered to pay $799,161.07 in restitution and pay a fine of $15,161.54. Do You Need An Attorney Who Sues Stockbrokers Who Made Unsuitable Investment Recommendations? Ohio 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 recommend unsuitable securities investments in light of the customers stated investment objectives, risk tolerance, financial condition, time horizon and other important factors and to engage in many other kinds of stockbroker fraud and stockbroker misconduct which violates Federal and Ohio securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Unsuitable Investment Lawyers Who Handle FINRA Arbitrations Throughout Ohio and Nationwide. Are you an Ohio investor who has suffered significant losses in your stock brokerage and investment accounts?  Did they recommend unsuitable securities transactions or strategies? Broker-Dealer attorneys always argue to the arbitration panel the securities transactions (buy, sell or hold) and/or strategies to engage in short selling, trade on margin, use securities based lending and complex option or futures trading strategies were suitable for the customer. They routinely misrepresent the customers’ investment objectives, risk tolerance and financial condition on account documents. Suitability claims can be based upon the stockbroker or investment advisor’s fiduciary duty, duty to use reasonable care, or FINRA Rule 2111. If you believe that your stockbroker or investment advisor made unsuitable recommendations, you need a skilled securities arbitration attorney who knows all the investments, investment strategies and stockbroker tricks of the trade. More importantly, you will need the representation of an experienced, top rated and nationally recognized FINRA arbitration attorney — a lawyer who knows FINRA rules and procedures and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated securities attorney like Robert Wayne Pearce with over 40 years of experience 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 securities attorneys to recover your investment losses for unsuitable recommendations and all types of stockbroker fraud and stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with securities breach of fiduciary duty claims and many other kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas besides breach of fiduciary duty, such as claims involving securities misrepresentation and stockbroker fraud, negligence, failure to supervise, and unsuitable recommendations by stockbrokers and investment advisors.  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 Free Initial Consultation With An Experienced Attorney Serving Ohio Residents in FINRA Arbitrations Involving Unsuitable Investment Claims The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle unsuitable investment claims and other investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA arbitrations serving Ohio citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Feb 1, 2021

Gahanna, Ohio Securities Arbitration Attorneys Who Represent Investors

Did Bryan Carnahan Cause You Investment Losses? Bryan Carnahan of Gahanna, Ohio submitted a Letter of Acceptance, Waiver and Consent (AWC) to FINRA for allegedly misappropriating and converting client funds, for which he later used for his own personal use. Carnahan first became registered in the securities industry as an Investment Company Products/Variable Contracts Representative through a FINRA-registered firm in August 1998. In December 1998, Carnahan became registered though The Huntington Investment Company (Huntington) and remained there until his termination in March 2015. FINRA alleged that Carnahan misappropriated approximately $169,500 from a Huntington customer. Then, FINRA found that Carnahan used those misappropriated funds and deposited approximately $149,000 into accounts of clients of his who had suffered investment losses. Carnahan, on five occasions, allegedly transferred a total of $169,500 from one of his clients brokerage accounts to their Huntington bank account. When the client’s funds were transferred, FINRA alleged that Carnahan then instructed the client to withdraw those funds and obtain cashier’s checks for investment opportunities. Carnahan then fraudulently caused the cashier’s checks to be re-issued to the accounts of at least 13 of Carnahan’s clients who had suffered investment losses. In doing so, FINRA found that Carnahan violated FINRA Rules 2150 and 2010 for not having a high standard of commercial honor and using a client’s money for his own personal use. Without admitting or denying the FINRA findings, Carnahan agreed to the sanctions and was barred from association with any FINRA member in any capacity. Do You Need Arbitration Attorneys Who Represent Investors? We are top rated securities arbitration attorneys and highly ranked lawyers by our peers in Martindale Hubble and Thomson Reuters SuperLawyers who represent investors in securities arbitrations conducted by the Financial Industry Authority (FINRA), American Arbitration Association (AAA) and JAMS alternative dispute resolution forums serving Ohio investors. This state has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisor offices, comes the potential for their stockbrokers, financial advisors, and other representatives to engage in all kinds of stockbroker misconduct which violates Federal and Ohio securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms’ policies and procedures.  Experienced Securities Arbitration Lawyers Who Handle FINRA, AAA Or JAMS Arbitrations Throughout Ohio And Nationwide. Are you an 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 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.  By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA, AAA and JAMS arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best securities arbitration attorney to recover your investment losses for all types of stockbroker misconduct in FINRA, AAA and JAMS arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of securities law and investment disputes in FINRA, AAA and JAMS 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.  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 Free Initial Consultation With An Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Ohio Residents The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle securities law matters and investment disputes in FINRA, AAA and JAMS arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA, AAA and JAMS arbitrations serving Ohio citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Feb 1, 2021

Woodbury, New York Securities Lawyer For Structured Product Investment Dispute

Did Trident Partners Ltd. Cause You Investment Losses? Trident Partners Ltd. submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which it has been censured and received a fine of $50,000 by the Financial Industry Regulatory Authority (FINRA) for failing to properly supervise the sales and suitability of steepeners, a complex, structured product. According to FINRA’s findings, Trident Partners, headquarters in Woodbury, New York, failed to establish, maintain, and enforce a supervisory system to ensure that recommendations for its sale of steepeners were suitable.  Steepeners are complex, structured products that are typically longer-term notes and certificates of deposit with maturities ranging from 10 to 30 years and are callable by the issuers after a short, pre-specified time.  They pay higher interest rates, but if the steepener is not called after a year, the rates can fall as low as zero, earning no returns for the remainder of the term.  FINRA alleged that during the relevant period, steepeners were a significant part of Trident Partners’ business, with approximately 1,600 transactions accounting for at least 10% of commissions generated.  FINRA’s findings stated, Trident Partners’ supervisory system was unreasonable due to the following:  (1) there were no written supervisory procedures (WSPs) specific to steepeners;  (2) Trident Partners did not have a system in place to conduct due diligence and evaluate the steepeners it intended to sell;  (3) Trident Partners did not provide its representatives with training or guidance necessary to determine the risks and suitability of these complex products; and (4) Trident Partners did not use a supervisory system for monitoring suitability and over-concentration of these products in customer accounts.  Trident Partners, without admitting or denying FINRA’s findings, was censured and fined $50,000. Do You Need A Securities Lawyer For Structured Product Investment Dispute? 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 Structured Products and engage in all kinds of stockbroker misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Attorneys For Investors With Structured Product Losses In FINRA Arbitrations Throughout New York and Nationwide. Structured products are complex investments and do not represent ownership of any portfolio of assets but rather are promises to pay made by the product issuers. If the issuer, like Lehman Brothers, goes bankrupt, the principal protected notes become worthless.  Structured notes with principal protection typically reflect the combination of a zero-coupon bond, which pays no interest until the bond matures, with an option or other derivative product whose payoff is linked to an underlying asset, index or benchmark.  In the past, they were only offered to sophisticated institutional investors in negotiated transactions. Today, more and more Structured Products are advertised to generate higher yields for income seeking retirees with promises of hedges to protect principal. The underlying asset, index or benchmark of Structured Products can vary widely from commonly cited market benchmarks to foreign equity indices, currencies, commodities, spreads between interest rates or “hybrid” baskets of various asset types which many stockbrokers do not fully understand and consequently misrepresent the risk associated with those investments. Did your New York stockbroker or investment advisor misrepresent or mislead you about the nature, mechanics or risks in making a Structured Product investment or make an unsuitable recommendation that you invest in a Structured Product or otherwise mismanage your investment account? If so, you need to hire an experienced, highly-rated and nationally recognized FINRA securities arbitration law attorney who understands these very complex and risky investments. 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 Structured Products 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 Structured Products 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 Structured Product 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 Structured Products.  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 Structured Product Investment Attorney Serving New York Residents In FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Structured Product 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 a lawyer with over 40 years of experience and success in Structured Product 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. 

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Jan 27, 2021

Melville, New York Securities Attorney For Private Placement Investment Dispute

Did Brookville Capital And Anthony Lodati Cause You Investment Losses? Melville, New York-based Brookville Capital Partners LLC (Brookville Capital) and the firm’s president, Anthony F. Lodati, were named in a Financial Industry Regulatory Authority (FINRA) complaint claiming that the firm and Mr. Lodati defrauded investors pertaining to a private placement offering.  According to FINRA’s complaint, Brookville Capital and Mr. Lodati solicited customers to invest in a private placement offering that did not disclose material facts about an individual involved in the offering.  Anthony Lodati allegedly discovered that the individual, who had effected transactions on behalf of the private placement, was fined by the Securities and Exchange Commission (SEC) for securities fraud and was convicted of a felony by the state of Florida.  FINRA found that Mr. Lodati failed to inform any of the potential investors of the individual’s involvement.  In addition, the private placement memorandum (PPM) allegedly made no mention of the individual or of his regulatory or criminal background. FINRA alleged that Brookville Capital failed to conduct proper due diligence regarding the private placement offering, alleging that the firm and Mr. Lodati “lacked a reasonable basis to believe that the recommendation of the private placement could be suitable for any customer.” Do You Need A Securities Attorney For Private Placement Investment Dispute? 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 Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout New York and Nationwide. Are you a New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer 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 attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements 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 Private Placement of securities 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 Private Placements.  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 Private Placement Investment Attorney Serving New York Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Private Placement 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 a lawyer with over 40 years of experience and success in Private Placements 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. 

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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. 

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Jan 27, 2021

Albany, New York Attorney Who Sues For Failure to Supervise Stockbroker

Did C.L. King & Associates Cause You Investment Losses? C.L. King & Associates, Inc. (CL King) of Albany, New York was named as a Respondent in a Financial Industry Regulatory Authority (FINRA) complaint that alleges the firm failed to establish and maintain proper supervisory procedures regarding death-put investments. FINRA alleges that two CL King representatives recruited terminally ill individuals offering between $10,000 and $15,000 in exchange for their agreement to open brokerage accounts. FINRA alleged, once the accounts were opened, the CL King customers used joint accounts to purchase discounted corporate bonds, notes, and market-linked CDs (MLCDs) containing a survivor’s option or “death put,” which allowed the customers to redeem the investments for the full principle amount prior to maturity upon the death of a beneficial owner. FINRA’s investigators alleged that upon the death of his customers, acting members of CL King redeemed approximately $60 million in Death Put Investments generating $1.2 million in margin interest and trading profits. This alleged conduct is in violation of NASD Conduct Rule 3010 and FINRA Rules 3110 and 2010. Without admitting or denying the FINRA findings, C.L. King & Associates agreed to disgorge all ill-gotten gains. Do You Need An Attorney Who Sues For Failure to Supervise Stockbroker? New York has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms comes the potential for a stock brokerage firm to fail to supervise its stockbrokers, financial advisors and investment advisors from engaging in misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and the stock brokerage firm’s policies and procedures.  Experienced Lawyers Who Handle Failure to Supervise Stockbroker Claims In FINRA Arbitrations Throughout New York and Nationwide. Are you a New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbrokerage or investment advisory firm where you do business fail to supervise the stockbroker who recommended bad investments and otherwise mismanage your investment account? If so, you will need to hire an experienced, highly-rated and nationally recognized FINRA securities arbitration lawyer— an attorney who knows how to handle these failure to supervise cases as well as other complex legal issues.  By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience with failure to supervise claims 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 lawyers to recover your investment losses due to a stockbrokerage or investment advisory firm’s failure to supervises its registered representatives in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with failure to supervise claims and all kinds of 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, churning, theft, forgery, margin account abuse and unsuitable recommendations to purchase, sell or hold securities or recommend unsuitable investments strategies.  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 Attorney Experienced In Failure to Supervise Stockbroker Disputes Serving New York Residents In FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle failure to supervise claims and other securities law matters and investment disputes in New York, 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 failure to supervise 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. 

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Jan 26, 2021

Northport, New York Securities Account Mismanagement Attorney

Did Hank Werner Cause You Investment Losses? Hank Werner of Northport, New York was named a Respondent in a Financial Industry Regulatory Authority (FINRA) complaint that alleges he executed excessive unsuitable trades in an elderly customer’s account. According to FINRA, while Mr. Werner was associated with Liberty Partners Financial Services he exercised control over a client’s account. FINRA’s investigation found that this customer had little investment experience and relied completely on Mr. Werner for investment recommendations. FINRA alleges Mr. Werner executed over 700 trades generating $243,430.20 in commissions and causing approximately $183,734.38 in losses for his customer. For the alleged misconduct, FINRA charged Mr. Werner with violating Section 10(b) of the Exchange Act, Rule 10b-5 and FINRA Rules 2020 and 2010. Do You Need A Securities Account Mismanagement Attorney? New York has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to mismanage securities and other investment accounts and engage in all sorts of misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Lawyers For Securities Account Mismanagement Claims In FINRA Arbitrations Throughout New York and Nationwide. Are you a New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbroker or investment advisor obtain discretionary authority or just take control of and mismanage your investment account? If so, you will need to have representation from an experienced, highly rated and nationally recognized FINRA arbitration securities law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases involving mismanagement of accounts and other complex legal issues.  By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience handling securities account mismanagement claims 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 securities account and other investment mismanagement cases—he aggressively represents investors and one of the best attorneys to recover your investment losses for mismanagement of your account and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors not only in securities account mismanagement cases but all kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations.  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 Securities Account Mismanagement Attorney Serving New York Residents In FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle securities account and other investment account mismanagement cases but 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 all kinds of securities law and investment disputes in FINRA arbitrations serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Jan 26, 2021

Flushing, New York Securities Attorney Who Sues Stockbrokers For Their Negligence

Did John Kakonikos Cause You Investment Losses? John Kakonikos of Flushing, New York submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority for alleged excessive and unsuitable trades in his customer’s accounts. Formerly associated with Caldwell International Securities Corp. Mr. Kakonikos allegedly took advantage of a customer with no investment experience and an annual income of $25,000 per year. With de facto control, Mr. Kakonikos allegedly executed 117 transactions in his client’s account generating $41,617.56 in commissions and causing his customer $72,524.53 in losses. FINRA found Mr. Kakonikos’ trades to be unsuitable and excessive. Without admitting or denying the FINRA findings, Mr. Kakonikos agreed to the sanctions and was suspended for 18 months, ordered to pay a $10,000 fine, and ordered to pay restitution interest to his customer. Do You Need A Securities Attorney Who Sues Stockbrokers For Their Negligence? 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 fail to use reasonable care or commit negligence in speaking with you, making recommendations, failing to follow your instructions and to engage in many other kinds of negligent stockbroker misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers Who Arbitrate Stockbroker Negligence Claims In FINRA Arbitrations Throughout New York and Nationwide. Are you a New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbroker or investment advisor commit negligence by failing to use due care in representing facts about the securities, investments or strategies? Did they recommend unsuitable securities transactions or strategies? Were they negligent in the management of your securities account? Under common law, every stockbroker owes one or more of the following duties of reasonable care in dealing with you and your securities account, including the duty to: not misrepresent facts; disclose all relevant and material facts; execute your orders promptly; follow your instructions; only recommend suitable investments and strategies; and manage your account reasonably when they take control of your account. If you believe that your stockbroker or investment advisor acted in breach of their duty of reasonable care, you will need an attorney who knows the law and exactly what duties are owed by the stockbroker and/or investment advisor. More importantly, you will need the representation of an experienced, highly rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated securities attorney like Robert Wayne Pearce with over 40 years of experience on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and one of the best securities attorneys to recover your investment losses for negligence and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with stockbroker negligence claims and many other kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas besides stockbroker negligence, such as claims involving securities misrepresentation and stockbroker fraud, breach of fiduciary duty, failure to supervise, and unsuitable recommendations by stockbrokers and investment advisors.  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 Securities Attorney Serving New York Residents in FINRA Arbitrations Involving Stockbroker Negligence Claims The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle stockbroker negligence claims and other investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA arbitrations serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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