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 ...

You may be able to recover your savings if any of the following occurred: Failure to take the necessary steps to safeguard your investments during COVID-19 Breach of contract Selling away Misrepresentations and omissions Poor investment advice Failure to recommend ...

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 ...

Our Core Practice Areas At Shepherd Smith Edwards and Kantas, our investment fraud and securities attorneys work with investors who have been victims of the following acts of stockbroker fraud and brokerage firm negligence: Unsuitability Misrepresentations / Omissions Breach of ...

Yet securities fraud and investment advisor fraud happen all the time and may include: Misrepresentations and omissions Unsuitable investment recommendations and sales Overconcentration Excessive trading in a customer’s account, also known as churning Unauthorized trading Failure to execute trades Registration ...

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 ...

“Ultimately, this case should send a strong message that FINRA expects firms to provide accurate information to regulatory inquiries in a timely manner – and that failures to provide accurate information will draw severe sanctions.” ... (MetLife) paid a $250,000 ...

Here are examples of some of the regulatory events: July 2018: FSC Securities was one of eight brokerage firms ordered to pay a collective $8.7M in fines and restitution by FINRA for their alleged failure to properly supervise and educate ...

Its branch offices are primarily one and two-person establishments where registered representatives are supervised remotely, which means there is no supervisor onsite. ... Recent Regulatory Claims Involving Centaurus Financial Some of the recent regulatory claims involving the broker-dealer Centaurus Financial ...

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 ...