CONSULTA INICIAL GRATUITA CON ABOGADOS QUE PUEDEN MANEJAR SUS PROBLEMAS DE VALORES, PRODUCTOS BÁSICOS E INVERSIONES

El bufete de abogados de Robert Wayne Pearce, P.A. entiende lo que está en juego en los asuntos de derecho de valores, materias primas e inversiones y se esfuerza constantemente por asegurar el resultado más favorable posible. El Sr. Pearce proporciona una revisión completa de su caso y explica plenamente sus opciones legales. El bufete trabaja para asegurar que usted tenga toda la información necesaria para tomar una decisión sensata antes de que se tome cualquier medida en su caso.

Si desea ser representado por un bufete de abogados con gran experiencia en todo tipo de controversias sobre valores, productos básicos e inversiones, póngase en contacto con el bufete por teléfono en el 561-338-0037, por el número gratuito 800-732-2889 o por correo electrónico. También podemos organizar una reunión con usted en las oficinas ubicadas en Boca Ratón, Fort Lauderdale, Miami y West Palm Beach, Florida y en otros lugares.

May 10, 2023

¿Cuál es la diferencia entre operaciones solicitadas y no solicitadas?

Ideally, hiring a skilled broker takes some of the risk out of investing. Unfortunately, however, some brokers fail to act with the appropriate level of integrity. As an investor, it’s very important to understand the difference between solicited and unsolicited trades. The distinction has significant consequences on your ability to recover losses from a bad trade. What’s the Difference Between a Solicited and an Unsolicited Trade? The main difference between a solicited and unsolicited trade is: a solicited trade is a transaction that the broker recommends to the client. In contrast, an unsolicited transaction is one that the investor initially proposed to the broker. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. In regards to solicited trades, the broker is ultimately responsible for the consideration and execution of the trade because he or she brought it to the investor’s attention. The responsibility for unsolicited trades therefore lies primarily with the investor, while the broker merely facilitates the investor’s proposed transaction. Why does the Difference Between an Unsolicited and Socilited Trade Matters? The status of a trade as solicited or unsolicited is hugely important when an investor claims unsuitability. An investor who wants to recover losses may be able to do so if the broker is the one who initially suggests the transaction. Take the following example. You purchase $150,000 of stock in a new company. Shortly after the trade is complete, the stock loses nearly all its original value. As an investor, you will want to recover as much of that loss as possible. One way is to file a claim against your broker on the basis that the stock was an unsuitable investment. When you say that an investment was unsuitable, you are essentially saying that based on the information your broker had about you as an investor, the broker should not have made the trade in the first place. If the stock purchase was at your request—that is, it was unsolicited—then it’s unlikely you’d be able to hold your broker liable for your losses. After all, the trade was originally your idea.  IMPORTANT: If the stock was suggested to you as a good investment by your broker, however, then you may have an argument that you were pushed into a solicited trade that was not in your best interests. If this is the case, you would have a much stronger argument for holding your broker liable. What Is Suitability? The Financial Industry Regulatory Authority (FINRA) imposes rules on registered brokers to protect investors against broker misconduct. Under FINRA Rule 2111, brokers are generally required to engage in trades only if the broker has “a reasonable basis to believe that the recommended transaction or investment strategy involving a security or securities is suitable for the customer.” Whether an investment is suitable depends on diligent consideration of several aspects of a client’s investment profile, including: When a broker makes a trade without a reasonable basis for believing that the trade is suitable, the broker violates FINRA Rule 2111. Investors may then be able to recover losses from the broker, and FINRA may impose sanctions, suspension, or other penalties on the broker. Broker Obligations to Their Clients When a broker conducts a trade on behalf of an investor, the broker uses an order ticket with the details of the trade. Brokers mark these tickets as “solicited” or “unsolicited” to reflect the status of the trade. For the reasons explained above, this marking is very important. On one hand, it protects a broker from unsuitability claims following a trade suggested by the broker’s client. On the other, it provides an avenue to recover losses in the case of a solicited trade that turns out poorly. FINRA Rule 2010 covers properly marking trade tickets. This rule requires brokers to observe “high standards of commercial honor and just and equitable principles of trade” in their practice. If a broker fails to properly mark a trade ticket, that broker violates Rule 2010. As an investor, you should always receive a confirmation of any trades your broker conducts on your account.  FINRA has found that abuse of authority by mismarking tickets is an issue within the securities industry. The 2018 report found that brokers sometimes mismarked tickets as “unsolicited” to hide trading activity on discretionary accounts. If your broker feels the need to hide a trade from you, that trade is likely unsuitable. How to Protect Yourself Against Trade Ticket Mismarking Whether your account is discretionary or non-discretionary, and whether you’re new to investing or a skilled tycoon, you should always pay close attention to your investment accounts. Carefully review your trade confirmations to make sure that all trades are properly marked. If you find a mistake, immediately report it to your broker or the compliance department of their brokerage firm. It’s their job to correct these mistakes and make sure they don’t happen in the future. Negative or suspicious responses to a legitimate correction request are red flags that should not be ignored. If you discover your broker intentionally mismarking your trade tickets, contact an investment fraud attorney immediately. Can Litigation Finance Help Your Legal Case? Exploring Options for Investment Losses Caused by a Broker Litigation finance can help your legal case by providing financial support for legal fees and expenses. It allows you to pursue your claim without upfront costs and levels the playing field against well-resourced opponents. However, it’s important to carefully consider the costs, choose a reputable provider, and understand the terms of the funding agreement. Concerned About a Solicited Trade? The Law Offices of Robert Wayne Pearce, P.A., have been helping investors recover losses for over 40 years. We have extensive experience representing investors and have helped our clients recover over $160 million in total. If you’ve become the victim of unsuitable or fraudulent investing, we can help you. Contact us today or give us a call at 561-338-0037 for a free consultation.

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Mar 19, 2023

¿Qué es un número CRD de corredor?

CRD, or Central Registration Depository, is a comprehensive database maintained by FINRA of all registered securities professionals and firms, providing an invaluable resource for investors. Investors can use a CRD number to access information about any broker or investment advisor, including their employment history, qualifications, examinations taken and passed, licenses held, disciplinary actions and more. Brokers and brokerage firms must register with the Financial Industry Regulatory Authority (FINRA) before they can legally sell securities in the United States. By maintaining a registration system, FINRA can better monitor and record the activities of registered brokers. These registrations are also open to the public, so investors can review the backgrounds of potential brokers before entrusting them with their money. You can look up your broker and brokerage firm by using their unique CRD (Central Registration Depository) number. What Is a Broker CRD Number? CRD stands for the Central Registration Depository. CRD numbers are unique identification numbers assigned by FINRA to registered brokers and brokerage firms. You can use the CRD number to look up a broker or brokerage firm’s disciplinary history, qualifications and other detailed information. Investment Losses? Let’s Talk. or, give us a ring at 800-732-2889. Central Registration Depository (CRD) & FINRA FINRA manages the Central Registration Depository (CRD) program. This program covers the licensing and registration of individuals and firms in the securities industry in the United States. When a broker or firm registers with FINRA, the regulator assigns them a CRD number. Investors can use a broker’s CRD number to check that broker’s work history and disciplinary record using BrokerCheck.  A broker’s profile on BrokerCheck will contain useful information for investors. On any given profile, investors can find information related to Complaints and regulatory actions are called “disclosures,” and investors can see details about each one using BrokerCheck. If the claim was settled, BrokerCheck displays the settlement along with the claimed allegations and the broker’s response, if any. Why It’s Important to Investigate a Potential Broker An investment broker is responsible for handling a significant portion of your assets. For that reason, you should learn as much about them as possible before giving them control. Doing your research before handing over your money can save you time and stress in the long run by helping you avoid unscrupulous brokers. If a broker’s disclosure history shows several complaints, each of which the broker denies, you can make the decision to move on or bring up your concerns. In any case, having more information about your broker’s past allows you to make a smarter decision about who is managing your money. How to Find a Broker’s CRD Number Before engaging a broker, you have the legal right to request their CRD number. If a broker refuses to provide this information to you, stop and find another broker to work with. Any broker unwilling to give you their CRD number likely has something to hide and is probably not someone with whom you want to invest. While asking your broker directly is the fastest way to get their CRD number, the information materials and agreement you receive before engaging your broker will likely contain this information as well. Regardless of how you obtain it, searching your broker’s CRD number is an important step when hiring a broker. How to Do a FINRA BrokerCheck CRD Number Search Finding information about a broker or firm in the past used to be a hassle. Fortunately, BrokerCheck makes it easy to research a broker with whom you want to invest. After visiting the BrokerCheck website, there are a few things you can do to check out a broker or firm. Search by CRD Number, Broker, or Firm Name Using the “Individual” or “Firm” search options, you can search for your broker by CRD number or name. Because many brokers may have the same or similar names, using a CRD number ensures that you find the right BrokerCheck report. You can also search for a specific brokerage firm using its CRD number or name. Doing so will return a report with much the same information as a broker search. Additionally, you can see a list of the direct owners and executive officers of the firm and information about when the firm was established. Examine Your Broker’s Employment History and Experience In the “Previous Registrations” section of the BrokerCheck report, you can see a chronological list of the firms with which the broker was previously registered. If you are concerned about gaps in employment or short tenures, you can discuss them with your broker. Check Your Broker’s Licenses and Exam History BrokerCheck also provides a comprehensive list of the examinations and licenses your broker has obtained. In addition to FINRA registration, your broker may have broker or financial adviser registrations in other states. The “Examinations” section shows you the date and type of exam your broker passed. If you are interested in a specific type of security or curious about the broker’s overall certification status, you can check that there. Read Through Any Disclosures BrokerCheck disclosures cover not only customer disputes and disciplinary actions but employment terminations, bankruptcy filings, and criminal and civil proceedings as well. If a broker was the subject of a court-ordered lien or other debt, it will show up with the other disclosures. This is the most important section to review while researching your broker. If there are no disclosures, then you’re good to go. If there are, however, then you should read through them carefully to decide whether to find another broker. Just because a customer dispute is filed does not mean that the broker engaged in wrongdoing. In many cases, the claim may not even reference the individual broker directly even if it shows up in the BrokerCheck report. Essentially, the existence of one or more disclosures does not automatically mean that the broker is bad. You should review and follow up on any disclosures you are concerned about. Do You Need a FINRA Attorney? If you’ve lost money and believe you are a...

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Mar 11, 2023

Cómo presentar una queja formal contra su asesor financiero

Cuando usted contrata a un asesor financiero, espera que éste actúe en su mejor interés para evitar pérdidas innecesarias. Sin embargo, por desgracia, los asesores financieros no siempre están a la altura de estas expectativas. En algunos casos, un asesor financiero no sigue las peticiones y directrices de un inversor o incurre en una mala conducta, lo que hace que el inversor sufra pérdidas. Cuando esto ocurre, el inversor puede presentar una queja oficial contra el asesor financiero a través de la Autoridad Reguladora de la Industria Financiera (FINRA). En este artículo aprenderá a presentar una queja contra un asesor financiero para recuperar sus pérdidas.

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15 de diciembre de 2022

Anuncio del ganador de 2022 - Beca Robert Wayne Pearce de concienciación sobre el fraude a los inversores

Tal y como prometimos, hoy anunciamos el ganador de 2022 de la Beca Robert Wayne Pearce de Concienciación sobre el Fraude al Inversor. A lo largo del año, recibimos solicitudes de más de 75 estudiantes de 44 escuelas de todo el país que escribieron ensayos de calidad sobre la aplicación Robinhood y sobre si era una buena herramienta para los inversores novatos o solo un juego para aprovecharse de ellos. La ganadora de la beca de 2.500 dólares es Alecia Ann Des Lauries, estudiante del Alexandria Technical & Community College, situado en Alexandria, Minnesota, que escribió: La aplicación Robinhood Investment es una de las favoritas entre los millennials y la Generación Z. El panel de control es elegante y fácil de entender. Es una plataforma "sencilla" y "fácil" que "democratiza la inversión para todos". Cualquiera puede comprar acciones, EFT y criptomonedas con solo pulsar un botón. No hay comisiones, ¡y puedes empezar a invertir con sólo 1 dólar! ¿Qué puede no gustar? Resulta que mucho. Su hábil marketing y su facilidad de uso ocultan una fea verdad: la aplicación es una de las peores formas de empezar a invertir. Toda la plataforma es un juego apenas velado que explota a los inversores primerizos, que constituyen más de la mitad de su base de usuarios (Segal, 2021). Robinhood promociona agresivamente los regalos. Los nuevos clientes reciben acciones gratis. Si recomiendan la aplicación a sus amigos, pueden conseguir más acciones gratuitas. Hay frecuentes "sorteos" de criptomonedas y acciones. Las personas influyentes de las redes sociales atraen a nuevos usuarios con ofertas únicas de acciones gratuitas. Una vez que te registres, la aplicación te ayudará a elegir tu primera acción. Después, puedes suscribirte a su tarjeta de débito, la "Cash Card", con la que puedes ganar bonificaciones, pero por reinvertir en acciones y criptomonedas sólo en su plataforma. Una vez dentro, te empujan a invertir. Hay listas de acciones "Populares" y "Tendencias". Los widgets recomiendan qué acciones y criptomonedas comprar o vender. Los mensajes de celebración y las animaciones se activan cuando compras, vendes o alcanzas ciertos hitos. El diseño artístico, brillante y caricaturesco, es divertido pero desarmante. Es fácil olvidar que estás operando con dinero real y asumiendo riesgos reales. Es intencionado. Así es como Robinhood genera ingresos. Alrededor del 70% (Curry, 2022) de sus ingresos procede del pago por el flujo de órdenes, lo que significa que recibe pagos al dirigir las operaciones a los creadores de mercado. Cuantas más operaciones se produzcan, más ingresos recibe Robinhood. Así es como la empresa recaudó 331 millones de dólares en el primer trimestre de 2021 (Geron, 2021). Lo más revelador es que la propia plataforma es simplista. No hay fondos de inversión ni renta fija para los inversores más conservadores. No hay cuentas IRA ni 401(k)s -un enorme perjuicio para el 55% de los Millennials (Loudenback, 2019) y el 90% de la Generación Z (Koterbski, 2022) que no tienen cuentas de jubilación. Robinhood no ofrece divisas o futuros para inversores más experimentados, y mucho menos filtros de acciones o ETF para inversiones intensivas en investigación. Las herramientas de investigación más rudimentarias están detrás de un muro de pago, e incluso así, son insuficientes en comparación con los corredores de la competencia. Los inversores más experimentados acuden rápidamente a otros brokers que ofrecen herramientas más sólidas. Eso es porque esos inversores no son el mercado objetivo de Robinhood. Y la plataforma quiere seguir siéndolo. Los recursos educativos, aunque han mejorado, siguen siendo ridículamente superficiales. No hay casi nada sobre gestión de riesgos; la mayor parte del "riesgo" que verás está en sus descargos de responsabilidad. Robinhood habla de boquilla de ayudar a crear "riqueza para una nueva generación", mientras equipa a sus usuarios con herramientas inferiores y una educación deficiente. No es de extrañar que muchos columnistas criticaran a Robinhood por parecerse demasiado a un casino. Y como dice el refrán, ¡la casa siempre gana! Agradecemos a todos los demás solicitantes su esfuerzo y anunciamos que la próxima beca, que se concederá el 15 de diciembre de 2023, se otorgará al estudiante que escriba el ensayo más sesudo sobre los Riesgos de invertir en el mercado de criptodivisas.

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2 de noviembre de 2022

Prescripción de la FINRA: Una visión completa

The FINRA Statute of Limitations applies to claims and disputes that arise under the rules, regulations, or statutes administered by FINRA. Investment brokers have a duty to treat their clients honesty and with integrity. Those who take advantage of, mislead, or steal from their clients shake the investing industry’s foundation. Regrettably, broker misconduct occurs all too often.  You need representation from a FINRA arbitration attorney who has the knowledge, skill, and extensive experience to help you recover your losses if you are a victim of investment broker misconduct. Robert Wayne Pearce and his staff with The Law Offices of Robert Wayne Pearce, P.A., have over 40 years of experience fighting on behalf of investors victimized by broker misconduct. Contact us today to protect your rights.  Key Takeaways Investment brokers have a duty to their clients to be honest and act with integrity. FINRA is a non-profit corporation that works with the Securities and Exchange Commission to protect investors from brokerage firms’ wrongdoing. You need representation from a FINRA arbitration attorney who has the knowledge, skill, and extensive experience to help you recover your losses if you are a victim of investment broker misconduct. Investors aggrieved by their broker must understand that they do not have six years to file a court claim – in many instances, state statutes of limitations are much shorter than FINRA’s arbitration eligibility time frame. Filing your claim as soon as possible is the best way to protect your legal rights – if you suspect that you lost money in the market because of broker fraud, negligence, or misconduct. What Is FINRA? FINRA is an acronym for Financial Industry Regulatory Authority. FINRA is a self-regulating organization or SRO. As an SRO, FINRA is a non-profit corporation that works with the Securities and Exchange Commission to protect investors from brokerage firms’ wrongdoing.  FINRA offers professional examinations that certify applicants as investment brokers. It also provides continuing education programs to investment professionals to promote fairness and transparency in the securities markets.  FINRA has the authority to make rules and regulations that govern broker-investor relationships. It takes action to discipline brokers guilty of misconduct. Additionally, FINRA educates investors about their investment goals, strategies, and safe investing. What is the FINRA Statute of Limitations? FINRA’s procedural rules indicate that investors have six (6) years to file a claim for arbitration with FINRA. The six-year period starts when the event that gives rise to the legal claim occurred. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. Note: FINRA will dismiss any claim that FINRA decides missed the eligibility deadline. The arbitration panel will rule on eligibility if the parties disagree on whether the eligibility period elapsed. Do not delay filing. Speak with a FINRA lawyer about any questions about your arbitration claim. FINRA tolls, or stops, the eligibility period if the parties file the case in court. Moreover, FINRA’s procedural rules state that courts will toll the statute of limitations when the case remains in FINRA’s jurisdiction. Why Does FINRA Have a Statute of Limitations? There are a number of reasons why FINRA imposes a statute of limitations on investor claims. The first is to ensure that evidence related to the claim can still be reasonably obtained. This ensures that investors don’t wait until it’s too late to pursue their claim, and also protects brokerages from false or fraudulent accusations brought years after the events in question. In addition, FINRA’s statute of limitations helps to protect the integrity and reliability of its arbitration process. By ensuring that claims are brought within a reasonable timeframe, FINRA is able to accurately and fairly assess all evidence related to an investor claim in order to render an informed decision on their case. FINRA offers arbitration and mediation services to investors who file a complaint against their broker or brokerage firm. The victimized investor must file their claim with FINRA’s arbitration board within a specified period of time. The investor contemplating pursuing a legal cause of action for their losses should be aware of other deadlines that affect their claim. FINRA Statute of Limitations Concerns FINRA’s arbitration eligibility rules are distinct from federal or state statutes of limitations. Investors aggrieved by their broker must understand that they do not have six years to file a court claim. In many instances, the statutes of limitations are much shorter than FINRA’s arbitration eligibility time frame. Section 10(b) of the Securities and Exchange Act of 1934 and its regulations grant investors the right to sue their broker or advisor for fraud or any other unfair practice. Section 10b and its regulations found at 17 C.F.R. 240.10b-5 have a two-year statute of limitations.  Under these rules, the two-year statute of limitations starts when the investor discovers the fraud or no more than five years after the alleged fraud occurred. The time when the investor discovered the fraud is essential to understand. Otherwise, you might unwittingly allow the statute of limitations to run out before having the chance to file your claim. The statute of limitations starts when the investor knew or should have known about the fraud.  You must understand your investments and how they work so you can uncover evidence of fraud as soon as possible. If you are unsure if you are the victim of fraud, you must contact a knowledgeable and reputable securities attorney to protect your rights and investment. State Statutes of Limitations Some states will allow you to file a lawsuit in state court for a violation of state law. Filing in state court might be the better option for an aggrieved investor. Statutes of limitations for state law claims could be as short as two years.  How Long Do I Have to File a Claim Against My Broker? Filing your claim as soon as possible is the best way to protect your legal rights. Simply because FINRA agreed to arbitrate a claim within six years does not mean you should wait six years to file. Instead, you should be...

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15 de diciembre de 2021

Anuncio del ganador de 2021 - Beca de sensibilización sobre el fraude de los inversores Robert Wayne Pearce

Como prometimos, hoy anunciamos los ganadores de 2021 de la beca Robert Wayne Pearce de concienciación sobre el fraude en las inversiones. A lo largo del año, recibimos solicitudes de más de 30 estudiantes de escuelas de todo el país que escribieron ensayos de calidad sobre los peligros del fraude en las inversiones y cómo podemos protegernos. Fue una decisión difícil seleccionar a un solo estudiante ganador, por lo que, además del gran premio de 2.500 dólares, hemos seleccionado a otros 5 estudiantes que recibirán premios de consolación de 100 dólares cada uno por sus esfuerzos y por compartir sus ideas sobre el fraude en las inversiones y cómo protegernos. La ganadora de la beca de 2.500 dólares es Karen Simpson, estudiante del Palm Beach State College, que escribió, entre otras cosas El fraude en las inversiones es un problema muy real y serio que ocurre más de lo que se cree. Pero no tiene por qué asustarte a la hora de invertir tu dinero por miedo a perderlo. Aprender sobre los diferentes tipos de fraude en las inversiones y cómo protegerse del fraude, antes de decidirse a invertir, es extremadamente importante. No sólo podría sufrir pérdidas financieras, sino también ver comprometida su identidad, dañado su crédito y sufrir problemas emocionales como la rabia, la frustración y el miedo. *** El conocimiento es poder, por lo que también le recomiendo que se eduque aprendiendo sobre la naturaleza general, la mecánica y los riesgos de los diferentes tipos de inversiones antes de empezar a invertir. Un excelente punto de partida para informarse es Investopedia, www.investopedia.com. También puede encontrar información financiera específica, incluidos los informes anuales, los folletos y las circulares de oferta sobre las empresas recomendadas para comparar lo que le han dicho sobre una inversión recomendada, buscando información en el sitio web de la Comisión de Valores y Bolsa de los Estados Unidos, www.sec.gov/edgar/search-and-access. *** La forma más fácil de protegerse es utilizar el sentido común, buscar las señales de alarma y hacer preguntas. Siga una estricta lista de comprobación de lo que se debe y no se debe hacer, si parece demasiado bueno para ser verdad, en la mayoría de los casos, lo es. Si observa alguna bandera roja en una inversión, evítela, así como a la persona que la recomienda. No se crea ese discurso de "alta rentabilidad garantizada" que tanto les gusta dar. Toda inversión conlleva cierto grado de riesgo, que generalmente se refleja en la tasa de rendimiento que le prometen. Cuanto mayor sea la rentabilidad, mayor será el riesgo. Los ganadores de los premios de consolación de 100 dólares son los siguientes India Bartram de la Universidad de Syracuse, Syracuse, Nueva York Jacob Paul de la Universidad de Villanova -Escuela de Derecho Charles Widger, Villanova, Pennsylvania Kylie Fay de la Universidad del Sur de Alabama, Mobile, Alabama Natalia Capella de la Universidad de Tennessee, Knoxville, Tennessee Rafael Whalen de la Escuela Católica Juan Pablo El Grande, Escondido, California Agradecemos a todos los demás solicitantes su esfuerzo y anunciamos que la próxima beca, que se concederá el 15 de diciembre de 2022, se otorgará al estudiante que escriba el ensayo más concienzudo sobre si cree que la aplicación de inversión Robinhood Markets, Inc. ("Robinhood") Investment App es una buena herramienta para los inversores principiantes o simplemente un juego para aprovecharse de ellos y ganar dinero para la empresa de corretaje de valores. Nos interesa saber si cree que la plataforma Robinhood está a la altura de la leyenda de Robinhood, ¡que quitaba a los ricos y daba a los pobres!

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9 de julio de 2021

La compra y venta excesiva de valores para generar comisiones se llama "Churning" - ¿Le está pasando a usted?

Muchas personas se preguntan a menudo: ¿es ilegal el churning? La respuesta es sí. Las regulaciones de la SEC y las normas de la FINRA prohíben la práctica de realizar compras o ventas excesivas de valores en cuentas de inversores con el propósito principal de generar comisiones, lo que se conoce como churning. A pesar de la ilegalidad del churning, FINRA presentó 190 acciones de arbitraje para el año 2020 hasta finales de diciembre contra corredores acusados de esta práctica. Si usted sufrió pérdidas en su cuenta de inversión como resultado de la negociación excesiva, póngase en contacto con un abogado de fraude de churning para determinar si tiene derecho a recuperar la compensación. ¿Qué es el churning en las finanzas? El churning, también conocido como trading excesivo, adquiere un nuevo significado en la industria financiera que no tiene nada que ver con la mantequilla. La negociación excesiva se produce cuando un agente de bolsa realiza múltiples operaciones en la cuenta de inversión de un cliente con el objetivo principal de generar altas comisiones. El churning suele provocar pérdidas importantes a los inversores. La Regulación de Mejor Interés de la SEC, o Reg BI, establece una norma de conducta para los corredores de bolsa y sus empleados cuando recomiendan inversiones a clientes minoristas. La Reg BI exige a los corredores que actúen en el mejor interés del cliente y que no antepongan sus propios intereses a los del inversor. El "churning" casi nunca es lo mejor para el inversor, incluso para aquellos que tienen estrategias comerciales agresivas. Señales de que su asesor está haciendo "churning" en su cuenta de inversión El "churning" de las acciones conduce a importantes pérdidas para el inversor, especialmente en situaciones en las que se prolonga durante un largo periodo de tiempo. Muchas veces, los inversores no reconocen los indicadores de que su agente ha cometido el delito de negociación excesiva hasta que es demasiado tarde. Hay una serie de señales de precaución a las que debe prestar atención cuando teme que su asesor financiero esté negociando en exceso en su cuenta. Operaciones no autorizadas Las operaciones no autorizadas se producen cuando un corredor negocia valores en su cuenta de inversión sin recibir autorización previa. Si tiene una cuenta de inversión discrecional, su asesor financiero tiene autorización para realizar operaciones en su cuenta sin pedirle su aprobación para cada transacción; sin embargo, su agente sigue estando obligado a cumplir la norma del mejor interés. Las operaciones excesivas pueden ser más difíciles de detectar con una cuenta discrecional. La aparición de numerosas operaciones no autorizadas en el extracto de su cuenta es motivo de preocupación. Para reconocer estas operaciones, debe revisar el extracto de su cuenta mensualmente y verificar la información proporcionada. Si observa operaciones no autorizadas en el extracto de su cuenta, notifíquelo inmediatamente a su corredor y a su empresa de corretaje. Volumen de operaciones inusualmente alto Un alto volumen de operaciones en un corto periodo de tiempo puede significar que se está produciendo un "churning", especialmente para los inversores que siguen una estrategia de inversión conservadora. Preste especial atención a las transacciones que implican la compra y venta de los mismos valores una y otra vez. El abogado Robert Pearce tiene más de 40 años de experiencia representando a clientes cuya mala conducta de los corredores les causó pérdidas financieras. La amplia experiencia del Sr. Pearce le permite reconocer los indicadores de churning inmediatamente y probar la cantidad de daños que usted sufrió como resultado de la mala conducta de su corredor. Comisiones excesivas Las comisiones inusualmente altas que aparecen en su estado de cuenta es otra indicación de la negociación excesiva. Si las comisiones se disparan significativamente de un mes a otro, o si un segmento de su cartera de inversiones genera sistemáticamente comisiones más altas que cualquier otro segmento, existe la posibilidad de que su corredor esté manipulando su cuenta. Los extractos de cuenta no suelen incluir los importes de las comisiones cobradas por cada transacción individual. Por lo tanto, no dude en ponerse en contacto con su agente de bolsa para pedir una explicación de las comisiones cargadas en su cuenta. Si usted siente que le están cobrando comisiones excesivas en sus cuentas de inversión, póngase en contacto con The Law Offices of Robert Wayne Pearce, P.A., para discutir sus opciones. Póngase en contacto con nuestra oficina hoy para una consulta gratuita Churning en la industria financiera puede resultar en sanciones monetarias e incluso la inhabilitación de la industria financiera en casos extremos. La práctica implica la manipulación y el engaño de los inversores que confían en sus corredores para actuar en su mejor interés, lo que justifica el castigo severo. Robert Wayne Pearce ha manejado docenas de casos de churning y puede proporcionar una revisión completa de sus estados de cuenta para determinar si se produjo el comercio excesivo. Además, las Oficinas Legales de Robert Wayne Pearce, P.A., emplea a expertos que pueden realizar un análisis de la actividad comercial en su cuenta para establecer pruebas concretas de que la práctica se produjo. Tenemos la experiencia, los conocimientos y el compromiso para obtener los daños que usted merece. Póngase en contacto con nuestra oficina hoy para una evaluación gratuita del caso.

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9 de julio de 2021

La norma FINRA "Conozca a su cliente" y la idoneidad de la inversión: ¿cómo se aplica a usted?

FINRA regulates the conduct of brokers in the securities industry to protect investors from suffering losses due to financial advisor misconduct. The agency formulates rules to outline the behavior expected of broker-dealers and financial advisors when dealing with their investment clients. Nevertheless, FINRA receives thousands of customer complaints every year alleging violations of FINRA Rules. FINRA Rule 2090, the Know Your Customer (KYC) rule, and FINRA Rule 2111, the suitability rule, mandate minimum knowledge requirements for brokers when making investment recommendations and commonly appear in these customer complaints.  If you suffered investment losses due to unsuitable investment recommendations, The Law Offices of Robert Wayne Pearce, P.A., can help you determine if your broker violated one of these rules. Contact our office today for a free consultation. FINRA Rule 2090: Know Your Customer Rule FINRA Rule 2090, or the Know Your Client rule, requires financial advisors to know the “essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer” when opening and maintaining a client investment account. The “essential facts” described in the rule include details that are required to: Service the account effectively; Satisfy any special handling instructions for the account; Understand the authority of anyone acting on the customer’s behalf; and Comply with applicable laws, regulations, and rules. The KYC rule protects clients from investment losses by requiring their financial advisor to learn detailed information about their personal financial circumstances. The rule protects financial advisors by outlining the essential information about customers at the outset of the relationship, prior to any recommendations. Additionally, the financial adviser receives notification of any third parties authorized to act on the customer’s behalf. The Know Your Client rule acts in tandem with the suitability rule, FINRA Rule 2111. The information learned by financial advisors through the KYC requirement factors into the analysis of whether an investment recommendation is suitable.  FINRA Rule 2111: Suitability Alleged violation of investment suitability requirements resulted in 1,220 customer complaints filed with FINRA in 2020 alone, down from 1,580 complaints in 2019. The suitability rule requires financial advisors to have a “reasonable basis” to believe that a recommended transaction or investment strategy is suitable for the customer. A financial advisor determines the suitability of a transaction or investment strategy through ascertaining the customer’s investment profile. Factors involved in a suitability analysis include the customer’s: Age, Investment experience, Financial situation, Tax status, Investment goals, Investment time horizon, Liquidity needs, and Risk tolerance. Numerous cases interpret the FINRA suitability rule as requiring financial advisors to make recommendations that are in the best interest of their customers. FINRA outlines situation where financial advisors have violated the suitability rule by placing their interests above the interests of their client, including: A broker who recommends one product over another to receive larger commissions; Financial advisors who recommend that clients use margin to purchase a larger number of securities to increase commissions; and Brokers who recommend speculative securities with high commissions because of pressure from their firm to sell the securities. Any indication that a financial advisor has placed his or her interests ahead of the client’s interest can support a claim for a violation of the suitability rule. Rule 2111 consists of three primary obligations: (1) reasonable basis suitability, (2) customer-specific suitability, and (3) quantitative suitability. Reasonable Basis Suitability Reasonable basis suitability requires a financial advisor to have a reasonable basis to believe, based on reasonable diligence, that a recommendation is suitable for the public at large. A financial advisor’s reasonable diligence should provide him or her with an understanding of risks and rewards associated with the recommended investment or strategy. A failure to comprehend the risks and rewards associated with a particular investment prior to recommending the investment to a client can result in allegations of misrepresentation or fraud. If a broker fails to perform reasonable diligence regarding either component, the financial advisor violates this obligation. Customer-Specific Suitability Customer-specific suitability involves considering the specific details about an individual customer to determine if a transaction or investment strategy is suitable. The financial advisor reviews the details outlined above to determine the suitability of a particular transaction or strategy for each customer. Quantitative Suitability The quantitative suitability element requires financial advisors to recommend transactions that are suitable when viewed as a whole, not only when viewed in isolation. This element aims to prevent financial advisors from making excessive trades in a client’s account solely for the purpose of generating commission fees. Factors such as turnover rate, cost-equity ratio, and use of in-and-out trading indicate that the quantitative suitability obligation was violated. What Constitutes “Reasonable Diligence”  FINRA’s suitability rule requires brokers to exercise “reasonable diligence” in attempting to obtain customer-specific information. The reasonableness of a financial advisor’s effort to obtain such information will depend on the facts and circumstances of each investment relationship. A financial advisor typically relies on the responses provided by the customer in compiling information relevant to the customer’s investment profile. Some situations may prevent a broker from relying exclusively on a customer’s responses, including times when: A financial advisor poses misleading or confusing questions to a degree that the information-gathering process is tainted; The customer exhibits clear signs of diminished capacity; or Red flags exist that indicate the information may be inaccurate. Additionally, the suitability rule requires brokers to consider any other information provided by the customer in connection with investment recommendations.  Hiring an Investment Loss Attorney Violation of FINRA Rules 2090 and 2111 result in significant financial losses for investors every year. If you suffered losses because of unsuitable investment recommendations, you have the right to seek compensation from the parties responsible for your losses.  Cases against brokers and registered investment advisors can be complex for attorneys without experience in securities law.  Robert Wayne Pearce has over 40 years of experience representing investors in disputes against financial advisors and broker dealers. Mr. Pearce has tried, arbitrated, and mediated hundreds of investment-related disputes involving complex securities and FINRA rule violations. In fact, Mr. Pearce serves...

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15 de diciembre de 2020

LPL Financial LLC demandó a Scott Lanza por la venta de REITs y BDCs.

LPL Financial LLC ("LPL") es una firma de corretaje de valores con oficinas en Boca Ratón, Florida y otros lugares. Está regulada por la Autoridad Reguladora de la Industria Financiera ("FINRA"). LPL ofreció y vendió a los Demandantes las inversiones en cuestión en este arbitraje, a saber, Fideicomisos de Inversión en Bienes Raíces no cotizados y Compañías de Desarrollo de Negocios a través de Scott Lanza ("Sr. Lanza") un individuo registrado en la FINRA como "Miembro Asociado" de LPL. La firma de corretaje LPL ha sido demandada porque es indirectamente responsable de los actos, omisiones y otras conductas indebidas del Sr. Lanza que se describen más detalladamente en este documento.

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