#robertpearce - Law Offices of Robert Wayne Pearce

Dec 28, 2020

New York, New York Lawyer Who Sues Stockbrokers For Selling Away (Selling Unauthorized Investments)

Did Xerxes Soli Mullan Cause You Investment Losses? Xerxes Soli Mullan of New York, New York was fined $10,000 and suspended for a period of two years for allegedly participating in private securities transactions in violation of FINRA Rules 3280 and 2010. Without admitting or denying the allegations, Mullan consented to the sanctions imposed. The suspension is in effect from October 5, 2020, through October 4, 2022. In March 2017, Xerxes Soli Mullan joined Purshe Kaplan Sterling Investments and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) stating Mullan voluntarily resigned. According to the FINRA findings, Mullan allegedly managed two separate securities offering for a registered investment advisor (RIA) and solicited approximately $6 million from 36 investors who were not firm customers. The findings stated that Mullan had allegedly disclosed his participation in the RIA but not in the securities offerings. In addition, Mullan falsely attested that he had not been involved in any private transactions on his firm’s annual compliance questionnaires. FINRA Rule 3280(b) states that “prior to participating in any private securities transaction, an associated person shall provide written notice to the member with which he is associated describing in detail the proposed transaction and the person’s proposed role therein and stating whether he has received or may receive selling compensation in connection with the transaction.” FINRA Rule 3280(e) defines “private securities transaction” as “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” A violation of FINRA Rule 3280 is also a violation of FINRA Rule 2010. Do You Need a New York FINRA Securities Arbitration Attorney? Did your New York, New York stockbroker or investment advisor recommend an investment that turned out to be an investment that was 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. Free Initial Consultation With Experienced Selling Away Lawyers Representing New York, New York Residents in FINRA 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 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.

Dec 28, 2020

Boca Raton, Florida FINRA Securities Arbitration Lawyer

Did ViewTrade Securities, Inc. Cause You Investment Losses? ViewTrade Securities, Inc. of Boca Raton, Florida was censured and fined $25,000 for allegedly selling returned shares to investors who did not have unfilled orders as required and failed to send confirmation to investors who purchased shares. Due to the misconduct, the firm was in violation of Rule 10b-10 of the Securities Exchange Act and FINRA Rules 5131(d)(3), 2232 and 2010. Since 1999, ViewTrade has been a FINRA member firm and employs approximately 40 registered representatives. According to the FINRA findings, ViewTrade was the lead placement agent in connection with an initial public offering (IPO). The findings stated that after the offering was closed, the firm began contacting investors to reduce their subscription amounts because it exceeded the maximum share cap. The findings stated that due to the cancellations, 4,525 shares were returned to ViewTrade and sold to two investors who gained a profit of $30,428.75 instead of the 17 investors who had unfilled orders. In addition, ViewTrade allegedly failed to provide trade confirmations to 113 investors in the offering. FINRA Rule 5131 governs new issue allocations and distributions. Specifically, Rule 5131(d)(3) addresses circumstances when new issue shares, trading at a premium in the secondary market, are returned to the agent or underwriter who participated in the distribution of the shares. Under that section, the member firm participating in a distribution of new issue shares is required to have an agreement in place to appropriately handle “any shares trading at a premium to the public offering price that are returned by a purchaser . . . after secondary market trading commences.” The Rule requires that when such shares are returned, the firm must use them to offset any existing syndicate short position or, if no short position exists, either (1) offer the returned shares “at the public offering price to unfilled customers’ orders pursuant to a random allocation methodology,” or (2) sell the shares on the secondary market and donate the profits to an unaffiliated charitable organization anonymously to avoid any reputational benefit to the member. Exchange Act Rule 10b-10 and FINRA Rule 2232 require broker-dealers to “give or send” customers specified information at or before the completion of securities transactions (confirmation). Do You Need a Boca Raton, Florida FINRA Securities Arbitration Attorney? Are you a Boca Raton, Florida investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Boca Raton, 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, 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 Boca Raton, Florida 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 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.

Dec 28, 2020

Liberty Lake, Washington Securities Account Theft Attorney

Did Roger Allan Duval Cause You Investment Losses? Roger Allan Duval of Liberty Lake, Washington has been permanently barred from association with any FINRA member in all capacities. The sanction was based on findings that he allegedly converted funds for his own personal use in violation of FINRA Rules 2150(a) and 2010. From March 2017 through April 2019, Roger Allan Duval was associated with both Mass Mutual and Pruco and as a general securities representative. According to the FINRA findings, Duval had helped three customers open a brokerage account away from the firms and allegedly converted $130,000 from their accounts by using their logins and writing checks to himself without their knowledge or approval. The findings stated that once Duval deposited the checks, he would transfer some of the funds over to his account for his own personal use. Although Duval is no longer associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 2150(a) provides that no “person associated with a member shall make improper use of a customer’s securities or funds.” FINRA Rule 2010 requires associated persons, in the conduct of their business, to observe “high standards of commercial honor and just and equitable principles of trade.” Conversion is the intentional and unauthorized taking of and/or exercise of ownership over property by one who neither owns the property nor is entitled to possess it. Conversion of customer funds is a violation of FINRA Rules 2150(a) and 2010. Do You Need a Washington FINRA Securities Arbitration Attorney? Are you a Liberty Lake, Washington investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Washington 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. Free Initial Consultation With Experienced Attorneys Handling Securities Account Theft Cases Serving Liberty Lake, Washington Residents in FINRA 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 Washington, 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 Washington citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 28, 2020

Colts Neck, New Jersey Attorney Who Sues Stockbrokers For Unsuitable Investment Recommendations

Did Robert Steven Meyers Cause You Investment Losses? Robert Steven Meyer of Colts Neck, New Jersey submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $7,500, suspended for three months, and ordered to pay $25,030 in restitution. The sanctions were based on findings that he engaged in excessive, unsuitable trading in violation of FINRA Rules 2111 and 2010. The suspension is in effect from October 29, 2020, through January 18, 2021. In October 2018, Robert Steven Meyers joined MCM and was registered as an Operations Professional, General Securities Representative and General Securities Principal. According to FINRA Meyers engaged in excessive, unsuitable trading in two customers’ accounts which resulted in high commissions and losses. The findings stated that one customer opened an account at MCM with $39,000 and the second one with $104,000. As a result of the alleged trading’s, the customers lost a combined total of $53,183 and paid $25,030 in commissions. In addition, FINRA stated that Meyers was required to complete 20 hours of continuing education concerning FINRA’s suitability rule. 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.” Recommended securities transactions may be unsuitable if, when taken together, they are excessive, the level of trading is inconsistent with the customer’s investment profile, and the registered representative exercises control over the customer’s account. No single test defines when trading is excessive, but factors such as the turnover rate and the cost-to-equity ratio are considered in determining whether a member firm or associated person has violated FINRA’s suitability rule. Do You Need a New Jersey FINRA Securities Arbitration Attorney? Are you a Colts Neck, New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts? Did they recommend unsuitable securities transactions or strategies? 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. Free Initial Consultation With Experienced Attorneys Serving Colts Neck, New Jersey Residents in FINRA Securities Arbitrations Involving Unsuitable Investment Claims 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.

Dec 28, 2020

Baldwinsville, New York FINRA Securities Arbitration Lawyer

Did Nina Maines Cause You Investment Losses? Nina Maines of Baldwinsville, New York was fined $5,000 and suspended from association with any FINRA member for a period of 15 business days. The sanctions were based on findings that she exercised discretionary trading without authorization in violation of NASD Rule 2510(b) is also a violation of FINRA Rule 2010. The suspension was in effect from October 19, 2020, through November 6, 2020. In March 2003, Nina Maines joined Cadaret Grant and registered as a General Securities Representative and an Investment Company and Variable Contracts Products Representative. According to the FINRA findings, Maines allegedly exercised 75 discretionary trades in 24 customer accounts. The findings stated that although Maines had contacted each customer days prior and acknowledged her trading, she had not received written consent from them or approval from her firm. Maines is currently still associated with Cadaret Grant. 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 Baldwinsville, 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 Lawyers Serving Baldwinsville, 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.

Dec 24, 2020

Wauwatosa, Wisconsin Securities Account Forgery Attorney

Did Lori Ann Sacco Cause You Investment Losses? Lori Ann Sacco of Wauwatosa, Wisconsin submitted a Letter of Acceptance Waiver and Consent to the Financial Industry Regulatory Authority in which she was fined $10,000 and suspended for a period of six months. The sanctions were based on findings that she allegedly falsified documents by forging customers signatures in violation of FINRA Rules 4511 and 2010. The suspension is in effect from September 21, 2020, through March 20, 2021. In March 2014, Lori Ann Sacco joined BMO Harris and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice stating Succo’s voluntary resignation while under investigation for the alleged misconduct. According to FINRA findings, Sacco allegedly forged signatures on at least 10 documents and submitted them as originals without the customers knowledge or approval. The findings stated that some of the documents were required to be kept by Exchange Act Rule 17a-3 and by falsifying the signatures, Sacco caused her firm to mismark their books and records. Although Sacco is no longer associated with a FINRA member, she remains subject to FINRA’s jurisdiction. FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Rule 17a-3 promulgated thereunder. Inherent in this requirement is the requirement that the books and records the firm makes are accurate. When an associated person forges or falsifies a firm’s books and records, he or she violates FINRA Rule 4511. A violation of FINRA Rule 4511 is also a violation of FINRA Rule 2010. Do You Need a Wisconsin FINRA Securities Arbitration Attorney? Are you a Wauwatosa, Wisconsin investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Wisconsin stockbroker or investment advisor forge your signature or alter information on account opening documents about your investment objectives, risk tolerance, or financial condition to make unsuitable recommendations or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities forgery 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. Free Initial Consultation With Experienced Securities Account Forgery Attorneys Serving Wauwatosa, Wisconsin Residents In FINRA 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 Wisconsin, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español 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 Wisconsin citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 24, 2020

Monsey, New York Securities Misrepresentation Attorney

Did Harry Rosenberg Cause You Investment Losses? Harry Rosenberg of Monsey, New York submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $8,000 and suspended for a period of two months. The sanctions were based on findings that Rosenberg allegedly failed to amend his Form U4 to disclose a civil litigation in violation of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010. The suspension was in effect from October 5, 2020, through December 4, 2020. In January 2011, Harry Rosenberg joined Voya Financial Advisors, Inc. and was registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Rosenberg had been discharged due to misconduct. According to FINRA’s findings, an investor who was not a customer of Voya filed a complaint stating that both the firm and Rosenberg made misstatements regarding an investment in a gold mining company. The findings stated that Rosenberg allegedly failed to inform the firm that he had been sued and failed to amend his Form U4 to disclose the litigation. In addition, Rosenberg falsely attested whether he had been the subject of any litigation on the firm’s annual compliance questionnaires. Although Rosenberg is not currently associated with a FINRA member, he remains subject to FINRA’s jurisdiction. Article V, Section 2(c) of FINRA’s By-Laws requires that associated persons keep their Form U4 “current at all times,” and that amendments be filed “not later than 30 days after learning of the facts or circumstances giving rise to the amendment.” FINRA Rule 1122 states that “[n]o . . . person associated with a member shall file with FINRA information with respect to . . . registration which is incomplete or inaccurate so as to be misleading, or which could in any way tend to mislead, or fail to correct such filing after notice thereof.” A violation of Rule 1122 also violates Rule 2010. Do You Need a New York FINRA Securities Arbitration Attorney? Are you a Monsey, 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 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 and other complex legal issues. Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Attorneys Serving Monsey, New York Residents in FINRA 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 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.

Dec 24, 2020

Houston, Texas Securities Account Forgery Lawyer

Did David Leroy Johnson Cause You Investment Losses? David Leroy Johnson of Houston, Texas has been fined $5,000 and suspended from association with any FINRA member for a period of three months for allegedly falsifying documents in violation of FINRA Rules 4511 and 2010. Without admitting or denying the allegations, Johnson consented to the sanctions. The suspension was in effect from September 21, 2020, through December 20, 2020. In October 2015, David Leroy Johnson joined LPL Financial and registered as a General Securities Representative. LPL Financial later discharged Johnson for violating certain company policy. According to the FINRA findings, Johnson allegedly reused customer signatures from older forms on eight separate occasions and submitted them as originals for processing. The findings stated that two of the documents were required to be kept by Exchange Act Rule 17a-3 and by falsifying the signatures, Johnson caused his firm to mismark their books and records. Although Johnson is no longer associated with any FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Rule 17a-3 promulgated thereunder. Inherent in this requirement is the requirement that the books and records the firm makes are accurate. When an associated person falsifies a firm’s books and records, he or she violates FINRA Rule 4511. A violation of FINRA Rule 4511 is also a violation of FINRA Rule 2010. Do You Need a Texas FINRA Securities Arbitration Attorney? Are you a Houston, Texas investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Texas stockbroker or investment advisor forge your signature or alter information on account opening documents about your investment objectives, risk tolerance, or financial condition to make unsuitable recommendations or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities forgery 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. Free Initial Consultation With Experienced Securities Account Forgery Lawyers Serving Houston, Texas Residents In FINRA 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 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.

Dec 24, 2020

Saint Louis, Missouri FINRA 8210 Defense Lawyers

Did Cynthia Kay Parrott Cooney Cause You Investment Losses? You may have read that Cynthia Kay Parrott Cooney of Saint Louis, Missouri was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because she failed to comply with FINRA Rule 8210. In May 1990, Cynthia Kay Parrott Cooney joined Wells Fargo Advisors as an unregistered Client Associate. According to the findings, FINRA sent a request to Cooney to appear for an on-the-record testimony during an ongoing investigation. The findings stated that Cooney responded to FINRA in an email stating that she allegedly received, acknowledged, and refused to cooperate with the investigation. Although Cooney is no longer associated with a FINRA member, she remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require any “person associated with a member, or any other person subject to FINRA’s jurisdiction to testify at a location specified by FINRA staff with respect to any matter involved in the investigation.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires associated persons, in the conduct of their business, to “observe high standards of commercial honor and just and equitable principles of trade.” Do You Need a Missouri FINRA Defense Lawyer? Unfortunately, Cynthia Kay Parrott might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Saint Louis, Missouri And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Missouri and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Dec 24, 2020

Staten Island, New York FINRA 8210 Defense Lawyers

Did Alec C. Franks Cause You Investment Losses? You may have read that Alec C. Franks of Staten Island, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. From August 2014 through April 2019, Alec C. Franks was registered under multiple capacities with First Standard Financial Company, LLC. According to the findings, FINRA sent a request to Franks during an investigation regarding his alleged involvement in outside business activities and excessive trading. The findings stated that Franks had initially cooperated with FINRA but later stated in an email that he allegedly acknowledged the request and refused to provide the documents. Although Alec C. Franks is no longer associated with any FINRA member, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a) states that, for purposes of an investigation, FINRA may require any person subject to its jurisdiction to provide information and to permit FINRA staff to inspect and copy books and records that are in the person’s possession, custody, or control. FINRA Rule 8210(c) provides that “no person shall fail to provide information or to permit an inspection and copying of books, records, or accounts pursuant to this Rule.” A violation of FINRA Rule 8210 also is a violation of FINRA Rule 2010. Do you need a New York FINRA Defense Lawyer? Unfortunately, Alec C. Franks might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Staten Island, New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.