Securities America, Inc. (CRD#10205) has faced numerous complaints from FINRA (Financial Industry Regulatory Authority), state regulators, and investors nationwide. If you lost money due to broker misconduct at Securities America, you have legal options to recover those losses—even if you signed an arbitration agreement. At the Law Offices of Robert Wayne Pearce, we’ve investigated Securities America’s regulatory record and represented investors who suffered losses from fraud, negligence, unsuitable recommendations, and breach of fiduciary duty by this firm and its advisors.
Time limits apply to filing investment fraud claims, so acting quickly is essential to protect your rights. Securities America’s pattern of supervisory failures—from cybersecurity lapses to mishandled investments—has harmed investors across the country. Understanding these documented problems helps you recognize whether similar issues affected your account. You deserve answers about your losses and a path forward to recovery.
The firm continues facing regulatory scrutiny for violations ranging from cybersecurity failures that exposed client data to inadequate supervision of high-risk investments like the LJM Preservation & Growth Fund, which lost 80% of its value. These systemic issues suggest a business model that prioritizes growth over investor protection. If your Securities America advisor recommended unsuitable investments, engaged in excessive trading, or failed to disclose critical risks, you may have grounds to pursue a claim through FINRA arbitration.
Can I Sue Securities America?
Yes, you can sue Securities America if you suffered investment losses caused by the misconduct, negligence, or unsuitable recommendations of Securities America or its financial advisors. In most cases, clients of Securities America are required to pursue claims through FINRA arbitration rather than filing a traditional court lawsuit, because the firm typically includes an arbitration clause in its agreements.
If you are considering a Securities America lawsuit or FINRA arbitration claim, it is critical to have experienced representation. Attorney Robert Wayne Pearce has over 45 years of hands-on experience in FINRA arbitration against Securities America and other brokerage firms, and he understands how to build a strong case to recover your financial losses. With his extensive track record, he knows how to not only sue Securities America through arbitration but also how to fight aggressively to help clients win their cases and maximize recovery.
How to Sue Securities America for Investment Losses
Recovering investment losses from Securities America requires understanding the FINRA arbitration process and connecting your losses to the firm’s documented regulatory failures. FINRA arbitration is the legal forum where most investor-broker disputes are resolved, and it functions similarly to a trial but with streamlined procedures designed for securities cases. Even if your account agreement requires arbitration, this doesn’t prevent you from seeking recovery—it simply determines the venue where your case will be heard.
What Can I Do If I Lost Money at Securities America?
The first step is determining whether your losses resulted from broker misconduct, unsuitable recommendations, or supervisory failures. Securities America’s regulatory record reveals a pattern of violations that may directly relate to your situation. The firm has been sanctioned for failing to supervise recommendations of alternative investments like the LJM Preservation & Growth Fund, inadequately monitoring variable annuity exchanges, allowing fraudulent communications about private placements, and systematically denying customers proper sales charge discounts on mutual funds and UITs.
If your advisor recommended high-risk products without explaining the dangers, engaged in excessive trading to generate commissions, or failed to ensure your portfolio matched your financial situation and risk tolerance, these actions may constitute grounds for a claim. Securities America’s remote supervision model—where advisors operate independently from small offices with minimal oversight—has repeatedly resulted in investor harm that the firm failed to prevent or detect.
Who Can Help Me Sue Securities America?
Successfully pursuing a FINRA arbitration claim requires detailed knowledge of both securities law and the specific regulatory violations that Securities America has committed. The Law Offices of Robert Wayne Pearce specializes in these exact types of cases. Our firm has handled hundreds of FINRA arbitrations against independent broker-dealers like Securities America, and we understand how to connect the firm’s supervisory failures to individual investor losses. We know which red flags to look for in your account statements, how to identify unsuitable recommendations, and how to present evidence that maximizes your recovery.
Because arbitration agreements are standard in brokerage accounts, attempting to file a traditional lawsuit in court will likely result in the case being dismissed and redirected to FINRA arbitration. Working with attorneys experienced in this forum from the outset ensures your case is prepared correctly, filed timely, and argued effectively before arbitrators who understand securities industry practices.
What is Securities America?
The company was founded in 1968 and has been engaged in its broker-dealer and investment advisory businesses Securities America (CRD# 10205) was founded in 1984. Since then there have been several ownership changes and restructuring of its business lines. The company is now controlled by Advisor Group Holdings and headquartered in Lavista, Nebraska. Its independent broker-dealer Business Model has grown through acquisition and organic development of primarily one and two person registered representative offices supervised remotely.
Today there are over 2500 registered representatives in every state. It is now affiliated with one of the largest broker-dealer and investment advisory firms in the United States with over 11,000 financial advisors.
Securities America In Trouble – Latest News
Yes, Securities America continues to face regulatory scrutiny and customer complaints. In March 2024, FINRA fined both Securities America Inc. and Osaic Wealth Inc. $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity issues from January 2021 through March 2023. Neither Securities America nor Osaic Wealth required multi-factor authentication for all email accounts, encryption for outbound emails containing customers’ personal information, or maintenance of email access logs until March 2023. This resulted in numerous cyber intrusions and email takeovers that could have been prevented.
The firm has also been dealing with significant customer dissatisfaction, as recent reviews have shown an average rating of only 1.7 out of 5 stars. Securities America has accumulated an extensive regulatory record with approximately 88 disclosure events on its broker report, including 56 regulatory actions and 27 arbitrations.
Why Does Securities America Have So Many Bad Reviews And Customer Complaints?
Independent broker-dealers like Securities America operate on a business model that often prioritizes growth over investor protection. The firm’s franchise-style approach means most advisors work from small, one or two-person offices that are supervised remotely rather than having on-site managers. This creates significant gaps in oversight because supervisors at regional Offices of Supervisory Jurisdiction (OSJs) typically aren’t full-time employees of the firm—they run their own businesses while theoretically monitoring other advisors from afar.
Unlike traditional brokerage firms with branch offices that have managers physically present each day, Securities America’s model means there’s no immediate review of new customer accounts, securities transactions, or daily business activities. Red flags like forged signatures, inaccurate information about customers’ financial situations, misleading sales materials, or unsuitable investment recommendations can go undetected for months. Many of these offices receive only one compliance audit visit per year, giving dishonest or negligent advisors ample opportunity to harm investors.
The North American Securities Administrators Association (NASAA) has documented that independent broker-dealers have more instances of sales abuse and investor losses compared to traditional firms with on-site supervision. Securities America’s repeated regulatory sanctions—for issues ranging from cybersecurity failures to inadequate supervision of variable annuities, mutual fund sales charges, and high-risk alternative investments—demonstrate that this business model consistently fails to protect investors.
Examples of Regulatory Problems and Complaints for Securities America
Securities America rapid growth has not been without consequences. There have been approximately 55 Federal, state and self-regulatory body disclosure events; that is, final and formal proceedings initiated by a regulatory authority (e.g., a state or federal securities agency like the U.S. Securities and Exchange Commission (SEC) or self-regulatory body like the Financial Industry Regulatory Authority (FINRA) and the North American Securities Administrators Association (NASAA) ) for a violation(s) of investment-related rules or regulations.
In addition, there have been hundreds of customer complaints filed against Securities America for misconduct by its securities sales and investment advisory representatives that are not reported by the firm on its Central Depository Record.
We have reported and written about these regulatory problems and customer complaints over many years. Securities America is a repeat offender: there are over 20 FINRA reported disciplinary proceedings citing the firm with one form of supervisory lapses or another.
A BRIEF OVERVIEW OF SOME OF THE COMPLAINTS REGULATORY PROBLEMS SECURITIES AMERICA HAS FACED OVER THE YEARS
Securities America has been repeatedly censured, warned, and fined millions for its own misconduct and failure to supervise its army of financial advisors.* A few of the notable FINRA Sanctions for its Supervisory Failures are below:
Securities America Censured And Fined By FINRA For LJM Preservation & Growth Fund Investments
FINRA investigated and found that Securities America failed to reasonably supervise representatives’ recommendations of an alternative mutual fund—the LJM Preservation & Growth Fund (LJM). Specifically, Securities America permitted the sale of LJM on its platform without conducting reasonable due diligence and without a sufficient understanding of its risks and features, including the fact that the fund pursued a risky strategy that relied, in part, on purchasing uncovered options.
Securities America also lacked a reasonable supervisory system to review representatives’ LJM recommendations. LJM’s value dropped 80% during an extreme volatility event in February 2018 and the fund ultimately liquidated and closed, resulting in hundreds of thousands in losses for Securities America’s customers. FINRA concluded Securities America violated FINRA Rules 3110 and 2010 and censured, fined and ordered Securities America to pay restitution with interest to the customers invested in the fund.
Securities America Censured And Fined By FINRA For Failing To Supervise Investments In Variable Annuities
FINRA investigated and found that Securities America failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to ensure that representatives’ recommendations of variable annuities complied with applicable securities laws and regulations and FINRA Rules. As a result, FINRA concluded Securities America violated FINRA Rules 2330(d), and (e), NASD Rule 3010 and FINRA Rule 3110 and FINRA Rule 2010, and censured and fined the brokerage firm.
Securities America Sanctioned For Cheating Customers Out Of Mutual Fund Sales Charge Waivers
During the relevant period FINRA found that Securities America disadvantaged certain retirement plan and charitable organization customers that were eligible to purchase Class A shares in certain mutual funds without a front-end sales charge (the “Eligible Customers”). The Eligible Customers were instead sold Class A shares with a front-and sales charge or Class B or C shares with back-and sales charges and higher ongoing fees and expenses.
During this period, Securities, America failed to establish and maintain a supervisory system and procedures reasonably designed to ensure that Eligible Customers who purchased mutual fund shares received the benefit of applicable sales charge waivers. As a result, FINRA found that Securities America violated NASD Conduct Rule 3010, FINRA Rule 3110, and FINRA Rule 2010 and then censured Securities America and ordered a Remediation to determine the amount of restitution each of the Eligible Customers were entitled, and, once determined to pay that restitution with interest to each of those customers.
Securities America Sanctioned For Cheating Customers Out Of UIT Sales Charge Discounts
Securities America failed to apply sales charge discounts to certain customers’ eligible purchases of unit investment trusts (“UITs”) in violation of FINRA Rule 2010, In addition, FINRA found Securities America failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to ensure that customers received sales charge discounts on all eligible UIT purchases in violation of NASD Rule 3010 and FINRA Rule 2010. In settlement of those violations, Securities America was censured, fined and ordered to pay restitution to the affected customers.
Securities America Censured And Fined By FINRA For Failing To Do Due Diligence And Supervise Investments In CSMIF Preferred Notes
During the relevant period, FINRA found Securities America allowed one of its representatives to sell Preferred Notes of CSMIF (the “Preferred Notes”), a security, without first conducting adequate due diligence regarding this product. Further, FINRA found that Securities America in approving the Preferred Notes did not follow its own written supervisory procedures regarding due diligence. FINRA concluded that Securities America’s conduct violated NASD Rules 3010 and FINRA Rule 2010 and issued a censure along with a fine against the broker-dealer for once again violating FINRA’s Code of Conduct.
Securities America Censured And Fined By FINRA For Inaccurate Reports To Customers
FINRA investigated and found that Securities America failed to establish, maintain, and enforce a reasonable supervisory system regarding the use of consolidated reports by its registered representatives. Securities America made a consolidated reporting system available to its registered representatives which allowed the representatives to enter customized values for assets and accounts held away from the brokerage firm; however, the Securities America did not have a satisfactory system to supervise the accuracy of valuations provided to the customers, in violation of NASD Rules 3010(a) and (b) and 2110 and FINRA Rule 2110.
FINRA found that Securities America’s failure to adequately supervise the valuations used on the consolidated reports, resulted in inaccurate statements being sent to customers, in violation of NASD Rules 2210(d)(1) and 2110 and FINRA Rule 2010. FINRA also found that Securities America also failed to retain some of the consolidated reports, in violation of Section 17 of the Securities Exchange Act of 1934 and SEC Rule 17a-4 thereunder; NASD Rules 3110, 3010(d)(3), and 2110, and FINRA Rules 4511 and 2010. As a result, FINRA sanctioned Securities America and imposed a censure and fine on the brokerage firm.
Securities America Censured And Fined By FINRA For Failing To Monitor Emails With False And Misleading Statements To Customers
FINRA investigated and found that Securities America failed to have a supervisory system, including written procedures, in place regarding electronic communications with customers that was reasonably designed to achieve compliance with applicable federal securities laws and regulations and with applicable FINRA and NASD Rules. Specifically, FINRA found that Securities America’s email monitoring system did not identify numerous emails sent to customers by registered representatives that contained misrepresentations or misleading statements relating to two private placements—IMH Secured Loan Fund, LLC (the “IMH Fund”) and Medical Provider Funding Corporation V (“Med Cap V”).
As a result of Securities America’s email monitoring system not identifying these emails, the emails were not reviewed by anyone at Securities America, including supervisory personnel, to determine whether the emails contained statements that were inconsistent with applicable requirements. By failing to have a supervisory system, including written procedures, in place regarding electronic communications with customers that was reasonably designed to achieve compliance with applicable with applicable securities laws and regulations and with applicable FINRA and NASD Rules, SAI violated NASD Rules 3010(a), 3010(d)(2), and NASD Rule 2110. Once again, FINRA censured and fined the brokerage firm.
Securities America Sanctioned For Failing To Supervise Private Placement Investment Recommendations
FINRA investigated and found Securities America failed, once again, in its supervisory practices and procedures. Specifically, FINRA found Securities America failed to conduct adequate product due diligence on the Shale Royalties 15, Inc. and Shale Royalties 20, Inc. private placements offered by Provident Royalties, LLC pursuant to Regulation D sufficient to have reasonable grounds to believe that the offerings were suitable for any customer in violation of the first prong of the FINRA Rule 2310, the “Suitability Rule.”
In addition, FINRA found Securities America failed to enforce a supervisory system reasonably designed to achieve compliance with applicable securities laws and regulations and NASD and FINRA Rules in connection with approving the sale of these two private placements. FINRA concluded that Securities America’s conduct violated NASD Conduct Rules 2310, 3010 and 2110 and FINRA Rule 2010, censured and fined the brokerage firm.
Securities America Sanctioned For Cheating Customers Out Of “Breakpoint Discounts”
Most mutual fund companies sell shares that charge front-end loads. These mutual fund companies typically offer discounts at certain pre-determined levels of investments, which are called “breakpoints.” These discounts are commonly referred to as “breakpoint discounts.” As a result of FINRA’s investigation of various brokerage firms, including, Securities America, it was ordered to send letters and claim forms to their customers who purchased front-load mutual funds, notifying them that they might be due refunds as a result of the firm’s failure to provide breakpoint discounts. Shortly thereafter, FINRA conducted a review of compliance by Securities America and found that the firm did not accurately complete the self-assessment and trade-by-trade review, as ordered by the regulator. FINRA, by reason of the foregoing, concluded Securities America violated NASD Conduct Rule 2110, censured and fined the brokerage firm.
Securities America Sanctioned By FINRA For Mutual Fund Share Class Sales Abuse Of Customers
FINRA, formerly the NASD, investigated and found that Securities America effected transactions where it made recommendations to clients to purchase Class B and Class C mutual fund shares through its registered representatives. In connection with its recommendations, Securities America did not consider on a consistent basis, that an equal investment in Class A shares would generally have been more advantageous for certain clients.
In particular, the Firm did not consider that large investments in Class A shares of mutual funds entitle clients to breakpoint discounts on sales charges, generally beginning at the $50,000 investment level which are not available for investments in Class B and Class C shares.
In fact, clients may be entitled to breakpoints based upon a single mutual fund purchase, multiple purchases in the same “family of funds” and/or mutual fund investments held, at the time of the new purchase, by members of the client’s “household,” as that term is defined in the prospectus of the fund in which the shares are being purchased. Unlike Class A shares, Class B shares are subject to contingent deferred sales charges (“CDSCs”) for a period of time, generally six years, as well as higher ongoing Rule 12b-l fees for as long as the Class B shares are held.
The CDSCs and the higher ongoing Rule 12b-l fees can significantly and negatively affect the return on clients’ mutual fund investments.
In addition, FINRA found that Securities America’s supervisory and compliance policies and procedures during the review period were not reasonably established, maintained and/or enforced so that the Firm, at the point of each sale, provided consideration to, on a consistent basis, the benefits of the various mutual fund share classes as they applied to individual clients.
As a result of the foregoing, FINRA concluded that Securities America violated NASD Conduct Rules 2110, 2310, and 3010 and ordered it to be censured and fined, and further, to conduct the remediation and subsequently pay restitution to all customers who were disadvantaged by its rule violations.
Securities America Sanctioned For Not Supervising Investment Strategy In Managed Accounts
FINRA, formerly the NASD, investigated and found that Securities America failed to establish a system reasonably designed to supervise the activities of a registered representative managing customer accounts in an investment strategy known as Gormly’s Bull Bear Investment Strategy (implemented exclusively through discretionary trades).
FINRA found Securities America was well aware of the investment strategy being employed as it approved Gormly’s communications with clients and the accounts he managed frequently appeared on its exception reports. Notwithstanding, Securities America took no action to supervise the registered representative and’s mismanagement of the accounts until it received the complaint by that time it was too late.
In its belated review of the accounts, a Securities America report was created which described the investment strategy; noted that “the majority of [Gormly’s] clients are down significantly;” placed Gormly under a heightened supervision plan; and required him to meet with each customer in the presence of a supervisory employee of the firm to fill out a new risk tolerance questionnaire and discuss an alternative investment strategy for those not comfortable with the Bull Bear Investment Strategy or not meeting suitability standards for the strategy.
By this time, however, most of the losses incurred by customers in the Bull Bear Investment Strategy had been realized and many customers had moved their accounts to other firms. By virtue of such conduct, FINRA concluded Securities America violated NASD Conduct Rules 3010(a) and 2110.
In addition, FINRA investigated the Securities America stockbroker’s investments for customers in The Rydex Dynamic Funds and found the firm failed to review all discretionary accounts at frequent intervals in order to detect and prevent transactions which were excessive in size or frequency in view of the financial resources and character of the account. By virtue of such conduct, Securities America, Inc. violated NASD Conduct Rules 2510 and 2110.
Once again, Securities America was subjected to a censure and a monetary fine and permitted to go about its business as usual.
Securities America Sanctioned For Not Supervising Variable Annuity Exchanges
FINRA, formerly the NASD, investigated and found that Securities America, once again, violated NASD Conduct Rules 3010 and 2110 by failing to establish and maintain an adequate supervisory system, including written procedures, reasonably designed to achieve compliance with applicable securities laws and regulations, and with the applicable Rules of the NASD; this time with respect to its variable annuity exchange business.
First, FINRA found Securities America’s written supervisory procedures were inadequate. Its Compliance Manual was outdated and failed to reflect the current electronic monitoring system in use at the firm. The Trade Review Team (“TRT”), a group within the Compliance Department at the home office, reviewed Securities America’s variable annuity exchanges. Among other things, TRT relied on a section of the firm’s WSPs, referred to as the “Variable Product Guidelines” (“Guidelines”) to provide guidance on how to evaluate a proposed exchange for suitability. But the Guidelines failed to provide adequate guidance to individuals reviewing exchanges.
For example, the Guidelines required that an exchange transaction must be “in the best interest of and [be] suitable for the client.” But they did not provide guidance on how this standard was to be applied. In addition, the Guidelines mandated that TRT undertake a “further review” in certain circumstances, but failed to describe what that “further review” should entail.
Second, Securities America’s supervisory system was inadequate, primarily due to the firm’s failure to properly implement its system and procedures and adequately document the conduct of the same. Certain transactions that required “further review” were not adequately reviewed and, to the extent such review occurred, no documentation of such review was maintained. In addition, Securities America requested that TRT track frequent replacements by representatives, but it did not give TRT sufficient tools to do so.
In light of these and other supervisory deficiencies relating to variable annuity exchanges, SAI violated NASD Rules 3010 and 2110 for which it was censured and fined.
Securities America Censured And Fined $2.5 million For Multiple Supervisory Failures
FINRA, formerly the NASD, investigated and found Securities America’s system of supervision at times failed to adequately supervise the activities of the registered representative in connection with numerous activities described below.
First, FINRA found that Securities America allowed its representatives to operate without adequate supervision, when they knew, or should have known, that representatives were making misleading and unwarranted written and oral representations that customers could establish monthly withdrawal programs based on high rates of return, and was encouraging customers to retire early from their jobs on the expectation of high rates of return without adequate disclosure of the risks associated with seeking such returns. An examination of correspondence sent by the representatives would have alerted the firm to problems. By virtue of such conduct, the Firm violated NASD Conduct Rules 3010(a) and 2110.
Second, FINRA found in connection with variable annuity subaccount exchanges effected by the representative on a discretionary basis, Securities, America failed to approve promptly in writing each discretionary order entered and to review all discretionary accounts at frequent intervals in order to detect and prevent transactions which were excessive in size or frequency in view of the financial resources and character of the account. By virtue of such conduct, the Securities America violated NASD Conduct Rules 2510 and 2110.
Third, FINRA found that Securities America failed to file with NASD Advertising Regulation certain of the representative’s advertising and sales literature that contained communications relating to investment companies, which communications were not fair and balanced and which omitted material facts in various slides and sales literature. By virtue of such conduct, Securities America, Inc. violated NASD Conduct Rules 2210(c)(1), 2210(d)(1) and 2110.
Forth, Securities, America’s supervisory procedures with respect to the registered representative were not adequately enforced at all times in the following areas;
a. Review of investment recommendations for the accounts of retirees;
b. Review of correspondence, sales literature, seminar materials and advertising;
c. Filing of materials relating to investment companies with NASD Advertising
Regulation prior to use as required by NASD Conduct Rule 2210(c)(1);
d. Review and approval of discretionary accounts and trading in discretionary accounts;
e. Variable annuity subaccount exchange transactions; and
frequent trading of mutual funds.
FINRA found and concluded that all such acts, practices, and conduct constitute separate and distinct violations of NASD Conduct Rules 3010(a) and (b), and 2110 by Securities America and warranted a censure and monetary fine in the amount of $2.5 million.
Securities America Censured And Fined $2.4 million For Conflicted Sales Of Mutual Funds
FINRA, formerly the NASD, investigated and found violations of NASD Conduct Rule 2830(k), which prohibits member firms from favoring or disfavoring the sale or distribution of mutual fund shares on the basis of brokerage commissions received by the firm, prohibits member firms from arranging for a specific amount or percentage of brokerage commissions to be directed to the firm conditioned on the firm’s sale of mutual fund shares, and prohibits member firms from recommending the purchase of mutual fund shares on the basis of brokerage commissions received or expected to be received by the firm from any source.
It discovered that Securities America during the relevant period maintained a revenue sharing (shelf space) program known as the Premier Partner Program and that various mutual fund complexes paid a fee in return for preferential treatment, which included enhanced access to the firm’s sales force and highlighted treatment on Securities America’s recommended list and its website.
The fund complexes that participated in Securities America’s revenue sharing program paid their fees, in part, by directing over $7.9 million in brokerage commissions to the brokerage firm whose receipt of these commission payments violated NASD Conduct Rules 2830(k) and 2110. As a result, FINRA censured Securities America and issued a fine in the amount of $2,400,000.
*Above are only some of the regulatory disciplinary actions filed against Securities America by FINRA. NASSA and other state securities regulator investigations and enforcement actions account for another 40 more BrokerCheck disclosures.
How to File an Official Complaint Against Securities America or One of it’s Brokers, with FINRA
File a formal complaint against Securities America or one of its brokers by working with attorneys who know exactly how to navigate FINRA’s regulatory system. At the Law Offices of Robert Wayne Pearce, we have investigated this firm’s misconduct for decades and helped investors recover losses caused by fraud, negligence, and breach of fiduciary duty.
If you believe you’ve been harmed by the misconduct or negligence of Securities America, Inc. (CRD# 10205) or one of its financial advisors, you may be wondering how to take action. Filing an official complaint with FINRA (Financial Industry Regulatory Authority) is often the first step toward holding the firm accountable and seeking recovery for your investment losses.
These cases can be extremely complex, and so having the support of a reputable attorney who is experienced in recovering investment losses for investors is key to your success. Many customers make the mistake of contacting Securities America without representation with an attorney about their complaints, and have their complaints denied.
Related Read: Can You Sue Your Brokerage Firm?
How The Law Offices of Robert Wayne Pearce, P.A. Can Help You Recover Losses at Securities America
Successfully navigating a FINRA complaint or arbitration case requires more than just filing paperwork—it demands strategic preparation, detailed evidence gathering, and aggressive advocacy before arbitrators. Our firm handles every aspect of your case from initial consultation through final award, including investigating your advisor’s background, reviewing account statements for red flags, connecting your losses to documented regulatory violations, and presenting compelling testimony that demonstrates exactly how Securities America’s failures harmed you.
Attorney Robert Wayne Pearce has over 45 years of hands-on experience specifically in FINRA arbitration against firms like Securities America, and our track record includes recovering over $175 million for defrauded investors nationwide. We understand Securities America’s business model, its history of supervisory failures, and the specific defenses the firm typically raises in arbitration. Because we’ve handled hundreds of cases against independent broker-dealers, we know which arguments resonate with arbitrators and how to counter the firm’s attempts to shift blame to individual advisors.
The complexity of securities arbitration means that investors who attempt to file complaints or pursue claims without experienced legal representation often receive inadequate settlements or have their claims dismissed entirely. Attorney Pearce offers free initial consultations where he evaluates your case, explains your legal options, and provides an honest assessment of your chances for recovery. You deserve representation that understands both the law and the specific misconduct patterns that Securities America has demonstrated repeatedly over decades.
Did Securities America Advisor Misconduct Cause You Investment Losses?
The securities attorneys at The Law Offices of Robert Wayne Pearce, P.A., have helped countless investors over the last 45 years recover the losses from their investment accounts that were caused by broker negligence or misconduct. The firm has extensive experience with Securities America cases, and Attorney Pearce is committed to seeing that those responsible for the losses you have suffered are held fully accountable.
Consult With An Attorney Who Recovers Investment Losses Caused By Securities America Today
Give us a call at 800-732-2889. Let’s discuss your case and see what we can do to help you get the compensation you need and deserve.
