Nov 13, 2021

Northridge, California Stockbroker Fraud Lawyer

Did Sun Hyung Kim Cause You Investment Losses? Sun Hyung Kim of Northridge, California submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was barred from association with any FINRA member in all capacities. The sanction was based on findings that he allegedly executed unauthorized transactions, provided false and misleading information and caused his firm to maintain inaccurate books and records in violation of FINRA Rule 4511, 8210 and 2010. In March 2015, Sun Hyung Kim joined Kayan Securities, Inc. and became registered as a General Securities Representative. According to FINRA’s findings, while associated with the member firm, Kim effected 162 unauthorized transactions in the brokerage accounts of one customer. The findings state that during a FINRA investigation, Kim allegedly provided false information regarding the transactions. In addition, Kim also caused his firm to maintain inaccurate books and records when he allegedly mismarked the 162 trades in the accounts of the customer as “unsolicited.” Sun Hyung Kim is currently registered with a FINRA member firm and remains subject to FINRA’s jurisdiction. FINRA Rule 4511 provides that each member firm ““shall make and preserve books and records as required under the FINRA rules, the Exchange Act and the applicable Exchange Act rules.”” Exchange Act Rule 17a-3 requires firms to make a record of ““each brokerage order, and of any other instruction, given or received for the purchase or sale of securities, whether executed or unexecuted.”” This record ““shall show the terms and conditions of the order or instructions,”” which includes whether the order was solicited or unsolicited. FINRA Rule 8210 requires persons subject to FINRA’‘s jurisdiction to provide information in connection with FINRA investigations. Providing false or misleading information to FINRA in response to a Rule 8210 request violates both Rule 8210 and FINRA Rule 2010. Do You Need a California FINRA Securities Arbitration Attorney? Are you a California investor who has suffered significant losses your stock brokerage and investment accounts?  Did your California stockbroker or investment advisor, misrepresent facts about the securities, investments or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by 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 as well as other complex legal issues.  Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving Northridge, California Residents in FINRA Securities Arbitrations At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout 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.

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Sep 23, 2021

New Hope, Pennsylvania Stockbroker Fraud Lawyer

Did Yegor Kashirsky Cause You Investment Losses? Yegor Kashirsky of New Hope, Pennsylvania submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of three months. The sanctions were based on findings that he allegedly altered and fabricated documents in violation of FINRA Rule 2010. The suspension was in effect from March 25, 2021, through June 14, 2021. In October 2017, Yegor Kashirsky joined Vanguard Marketing Corporation while registered as a General Securities Representative and a General Securities Principal. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) reporting that Kashirsky had been discharged due to alleged misconduct. According to the findings, FINRA requested a copy of a firm document regarding Vanguard’s contingency plan for responding to system outages and a copy of an internal firm communication related to a trading outage. The findings state that Kashirsky allegedly altered the contingency plan documents by removing certain sections and submitted them to FINRA without informing them that they had in fact been altered. The FINRA findings also state that Kashirsky allegedly failed to locate the requested communication so instead he fabricated a copy based upon information gathered from a different trading outage and submitted it to FINRA without informing them that it had been fabricated. Although Yegor Kashirsky no longer registered or associated with a FINRA member firm he remains subject to FINRA’s jurisdiction. 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. “Falsifying documents is a prime example of misconduct” that violates Rule 2010. In particular, affixing customer signatures or otherwise altering account transfer forms violates FINRA Rule 2010. Do You Need a Pennsylvania Stockbroker Fraud Attorney? Are you a New Hope, Pennsylvania investor who has suffered significant losses your stock brokerage and investment accounts?  Did your Pennsylvania stockbroker or investment advisor, misrepresent facts about the securities, investments, or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by 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 as well as other complex legal issues.  Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving New Hope, Pennsylvania Residents in FINRA Securities Arbitrations At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout 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 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 Pennsylvania citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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Sep 11, 2021

Jersey City, New Jersey Stockbroker Fraud Attorney

Did Kishan Parikh Cause You Investment Losses? Kishan Parikh of Jersey City, New Jersey was named a Respondent in a FINRA complaint alleging that he made unsuitable recommendations and excessively traded in his customers’ accounts in violation of FINRA Rules 2111 and 2010. In May 2012, Kishan Parikh joined Aegis Capital Corp. while registered as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) reporting Parikh’s voluntary termination. According to the FINRA complaint, Kishan allegedly executed 442 trades with a principal value of approximately $31.1 million in five customers’ accounts. The FINRA allegations state that the excessive and unsuitable trading in the customers’ accounts resulted in annualized turnover rates ranging from 10.9 to 199.8 and annualized cost-to-equity ratios ranging from 27.5% to 59.7%. The complaint further states that Parikh’s alleged excessive and unsuitable trading caused combined losses of $33,000 while he received commission of at least $89,000. FINRA Rule 2111(a) provides in pertinent part that “[a] member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile.” FINRA Rule 2010 requires registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.” Do You Need a New Jersey Stockbroker Fraud Attorney? Are you a Jersey City, New Jersey investor who has suffered significant losses your stock brokerage and investment accounts?  Did your New Jersey stockbroker or investment advisor, misrepresent facts about the securities, investments or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by 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 as well as other complex legal issues.  Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving Jersey City, New Jersey Residents in FINRA Securities Arbitrations At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout New Jersey, 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 Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

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