OUR STOCKBROKER FRAUD CASES & INVESTIGATIONS
For over 45 years, Attorney Pearce and his staff members at The Law Offices of Robert Wayne Pearce, P.A. have worked on and continue to work on a wide variety of securities, commodities and investment disputes for investors arising out of stock brokerage, commodity brokerage, insurance and other financial service company’s’ employees, representatives and agents’ misconduct. We represent investors with securities and commodities law issues and a broad range of other practice areas in courtroom litigation, arbitration and mediation proceedings from offices in Boca Raton, Florida across the United States.
Our Florida Attorneys Handle Stockbroker Fraud Cases & Investigations Nationwide
The most common investor claims have been claims for misrepresentation, failure to disclose important information, unsuitable recommendations, churning or excessive trading, and unauthorized trading in stocks, bonds, mutual funds and options in violation of federal and state statutes, common law and industry rules. However, in the past three years, most of our cases have arisen out of the latest wave of investment products, widespread misconduct with the same investment firms, branch offices and/or brokers. We are presently engaged in a number of cases and investigations involving not only the so-called “garden variety” stock, bond and option claims but many other types of misrepresented and mismanaged investment products and fraudulent schemes.
List of brokers we’ve investigated (both current 2024 and historic)
A brief description of some of our current stockbroker fraud Cases and Investigations with links to other pages within our website and Investors Rights Blog to help answer your questions and help you recover your losses is below:
In an arbitration against UBS Financial Services and UBS Financial Services of Puerto Rico, the Law Offices of Robert Wayne Pearce, P.A. secured a $1.45 million award plus interest for a client. The claim alleged unsuitable recommendations and overconcentration in Puerto Rico municipal bonds and closed-end funds. Investors may contact us for a free consultation.
Continue ReadingAttorney Robert Wayne Pearce reports the firm represents an investor pursuing arbitration against Centaurus Financial over alleged misconduct by Joseph Michael Todd. The page summarizes an SEC lawsuit alleging Todd misappropriated at least $3 million from Centaurus customers by directing checks to his entities and himself then using funds personally. It outlines selling-away and allegations.
Continue ReadingJ.P. Morgan Securities faces a FINRA arbitration claim alleging former vice-chairman Edward Turley used a highly leveraged, one-size-fits-all strategy in clients’ retail margin accounts. Claimants seek about $55.6 million plus interest and punitive damages, alleging misrepresentations, unsuitable trading, and unauthorized discretion. The post notes prior awards/settlements and reports Turley was barred by FINRA in 2022.
Continue ReadingPrivate placements, often sold under Regulation D, can fund growing companies but expose investors to fraud, illiquidity, and uncertain valuations. Marketing materials may materially omit key facts, and resale options are limited. Broker-dealers are expected to investigate issuers, test suitability, document diligence, manage conflicts, and supervise sales. Informed investors reduce risk and strengthen recovery options
Continue ReadingSteepener structured products are complex notes or CDs whose interest payments depend on the difference between long-term and short-term rates. When the yield curve flattens or inverts, payments can shrink or stop and market value can fall quickly. Our firm represents investors in claims involving misrepresentation, nondisclosure, unsuitable recommendations, and over-concentration before maturity is difficult.
Continue ReadingOur structured products lawyers help investors pursue recovery after losses from structured notes and complex derivatives. Many disputes involve misrepresentation of risks, missing disclosures, unsuitable recommendations, or dangerous overconcentration. We evaluate term sheets, prospectuses, and account records, then pursue claims through FINRA arbitration or mediation for fraud, breach of fiduciary duty, and failure to supervise.
Continue ReadingOur firm is investigating EquiAlt debenture losses tied to four private placements. The SEC alleged $175 million in debentures were sold to over 1,100 investors and misrepresented as safe, low-risk products, with later payments resembling a Ponzi scheme. Many sales involved commissions and weak brokerage due diligence. Recovery may include FINRA arbitration or receivership distributions.
Continue ReadingUBS Financial Services, Inc. is being sued over alleged misconduct by a financial advisor in its Florida and Ohio offices for recommending an unsuitable credit-line investment strategy to an elderly widow. The complaint alleges breach of fiduciary duty, misrepresentation, unsuitable leverage, and negligent supervision tied to securities-backed lending and resulting losses.
Continue ReadingThe independent broker and investment advisor model has gained popularity among financial advisors in recent years. According to Attorney Pearce the business model of choice for many successful independent financial advisors has been the only choice for the lesser quality broker and advisor with multiple customer complaints and regulatory problems. The flaw in this business model of multiple small one to two person offices is the lack of supervision over the salespersons who need the most supervision. In recent years, many rogue (bad) broker and investment advisor cases have spawned out of these small offices, including Ponzi schemes, selling away, and outright theft of funds with multiple victims. The Law Offices of Robert Wayne Pearce, P.A. is handling a number of these cases and investigating new ones every day. Representing clients throughout Florida and nationwide. For more information on the rogue (bad) broker and investment advisor cases that we are working on, click on the links below: Our Brokers in the News Blog Archives Our Brokerage Firms in the News Blog Archives Our Investment Advisors in the News Blog Archives FREE INITIAL CONSULTATION WITH LAWYERS WHO AGGRESSIVELY PROSECUTE ROGUE (BAD) BROKERS IN ALL SECURITIES, COMMODITIES AND INVESTMENT DISPUTES The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in securities, commodities and investment law matters and constantly strives to secure the most favorable possible result for victims of Rogue (Bad) brokers. Attorney Pearce provides a complete review of your case and fully explains your legal options if you are the victim of a Rogue (Bad) broker. The firm works to ensure that you have all of the information necessary to make a sound decision before any action is taken in your case. For dedicated representation by a law firm with substantial experience in all kinds of securities, commodities and investment disputes, contact the firm by telephone at 833-300-6983 or toll free at 800-732-2889 or via e-mail. We may also be able to arrange a meeting with you at offices located in Boca Raton, Fort Lauderdale, Miami and West Palm Beach, Florida and elsewhere.
Continue ReadingA closed-end bond fund is a publicly traded investment company that raises a fixed amount of capital through an IPO to buy bonds and then trades like a stock rather than redeeming shares at net asset value. Many investors confuse them with open-end funds, and brokerage firms often fail to disclose key risks.
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