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 ...

Arbitration Claims Against Edward Jones Include Supervisory Failures, Misappropriation, Amongst Others According to BrokerCheck, Edward Jones has been the subject of 73 regulatory events, 2 civil events, and 148 arbitration claims including: 2004 : Edward Jones paid a $75 million ...

You also need a legal team that understands how to prove the particular claims you are making, whether it be unsuitability , churning , misrepresentations and omissions , breach of fiduciary duty , failure to supervise , or another allegation. ...

The firm hired Fagenson after he had already been fired by UBS Financial Services, where while under heightened supervision, he allegedly violated that firm’s trading policies. Fagenson, barred by FINRA in 2019, has 19 disclosures on his BrokerCheck record.

Due diligence failures could be a factor, and your broker-dealer may even have neglected to determine whether Healthcare REIT was unsuitable for you before suggesting that you buy. Your financial firm may have also failed to supervise your broker and ...

in a customer’s account; Failing to execute orders or trades; Committing registration violations; Selling away : When a broker marketing and selling investment products that the firm does not approve of; Misappropriating investors' funds; Broker negligence: Involves failing to provide ...

The broker-dealer was also fined $800K for not reasonably supervising these rollovers. January 2015: Federal Securities Law Violations The US Securities and Exchange Commission (SEC) charged the brokerage firm with violating federal securities laws related to the improper sale of ...

These fines were related to the broker-dealer’s sale of Puerto Rico municipal bonds to customers and its lack of proper supervision over these transactions. SSEK Law Firm has successfully worked with investors in Puerto Rico and the mainland to recover ...

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. The firm's misdeed involved the marketing and sale of Unit Investment ...

At Shepherd Smith Edwards and Kantas, we represent investors seeking to recoup damages related to: Financial product failures Stockbroker fraud Negligence Overconcentration Unsuitability Investment adviser misappropriation Misrepresentations and omissions Elder financial abuse Breach of fiduciary duty Failure to supervise Churning ...