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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Jan 26, 2021

Flushing, New York Securities False and Misleading Statement Attorney

Did Jaoshiang Luo, aka Rudy Luo Cause You Investment Losses? Jaoshiang Luo, aka Rudy Luo of Flushing, New York was named in a Financial Industry Regulatory Authority (FINRA) complaint claiming that he violated his suitability obligations, made material misstatements, and omitted material facts in relation to the sale of promissory notes issued by his firm’s New York, New York-based Westrock Advisors, Inc., parent company, Westrock Group, Inc., which failed to make payments it owed to retail investors.  According to FINRA, Mr. Luo had no reasonable basis for recommending the promissory notes to any customer and failed to review financial statements or other financial information to understand Westrock Group’s financial condition prior to selling the notes.  FINRA alleged, Mr. Luo recommended the notes to specific customers that were unsuitable for their investment.  FINRA further alleged that Mr. Luo made misstatements and omissions such as the actual financial condition of the Westrock Group, his lack of knowledge of the financial condition of Westrock Group, and the safety of the promissory note investments.  FINRA’s findings also stated that Mr. Luo did not properly investigate Westrock Group to determine whether the securities being offered were suitable recommendations to any customer.  Additionally, FINRA alleged that Mr. Luo had no reasonable grounds to believe that his recommendations were suitable based on the facts disclosed by the customers as to their other securities holdings, financial situation, and needs. Do You Need A New York Securities False and Misleading Statement 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 fail to disclose material facts making the statements made about the stock, bond and other securities false and misleading and other 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 Attorneys For Securities Failure to Disclose 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 fail to disclose important facts about an investment the stockbroker recommended and otherwise mismanage your investment account? If so, you will need to have representation by an experienced, highly-rated and nationally recognized FINRA arbitration securities lawyer — an attorney who knows how to handle these false and misleading statement cases as well as other complex legal issues.  By hiring a top rated securities attorney like Robert Wayne Pearce with over 40 years of experience with failure to disclose 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 one of the best securities attorneys to recover your investment losses due to false and misleading statements in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with failure to disclose 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, 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 Securities and Investment Dispute Lawyers 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 disclose a/k/a false and misleading statement claims and other securities law matters and investment disputes, 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 disclose 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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