Common Types of Broker Misconduct or Negligence Making inadequate and unsuitable investment recommendations Churning , which involves excessively trading in a customer’s accounts to earn commissions Making misrepresentations and omissions Overconcentration Registration violations Making unauthorized trades without the investor’s permission ...

In another matter, a complaint was brought by the State of Colorado against Centaurus Financial for its failure to supervise Mantei and one or more registered representatives in his group.

Royal Alliance FINRA investigated Royal Alliance, which neither admitted nor denied the conclusions, regarding its failure to offer discounts on sales charges to consumers who qualified for such reductions. ... Moreover, FINRA asserted that the firm neglected to supervise its ...

These offices are usually self-supervised with no onsite compliance personal. ... New Jersey goes on to say that during the years 2010 and 2015 Ameriprise neglected to reasonably supervise the purchases of AIS in the state. ... SEC Admonished Broker-Dealer ...

Our Practice Areas Breach of Fiduciary Duty Churning Failure to Supervise Financial Product Failures Institutional Investor Claims Investment Loss Recovery Misrepresentation Non-Traded REITS Omissions Overconcentration Professional Trader Claims Unsuitability Do You Need to Recover Your Losses? ... Most of our ...

December 2014: Supervisory Failures and Working With Unregistered Persons FINRA found that foreign individuals associated with Monex's parent company earned transaction-related compensation for referring non-US customers to set up accounts at the firm and transmitting orders for those accounts. ... ...

Unfortunately, failure to supervise can make it easy for broker misconduct and negligence to occur, both of which may lead to investment losses for customers. ... These losses were possibly due to unsuitability , breach of fiduciary duty , misrepresentations ...

Despite your financial advisor claiming market volatility or adverse events, such as COVID-19, are to blame for your investment failure. ... List of Financial Product Failures That SSEK Law Firm is Investigating This curated list has some of the many ...

Investors may bring a negligence claim against a broker when investment losses occur under the supervision of a financial advisor. ... Failure To Execute Trades There is little incentive for a broker not to place an order. However, millions of ...

Next Financial Group Also Accused of Failing to Properly Supervise Its Stockbrokers In another instance, according to the regulatory body FINRA, which oversees brokerage firms and advisors that work for them, NEXT did not properly implement and maintain a reasonable ...