FINRA’s arbitration rules generally give investors six years from the event that triggered the dispute to file a Statement of Claim, but that window is not the only deadline. Shorter state and federal statutes may apply, and timing can hinge on when fraud was discovered. Filing early preserves evidence and protects recovery options for investors.
Continue ReadingFINRA Rule 3270 requires registered representatives to give written notice to their broker-dealer before taking paid work outside the firm. This disclosure matters because outside roles can create conflicts, enable selling-away, and weaken supervision. Our investment fraud lawyers help investors identify red flags, preserve evidence, and pursue recovery through FINRA arbitration when financial losses occur.
Continue ReadingFINRA Rule 2010 requires members to observe high standards of commercial honor and just and equitable principles of trade. Because it is broad, it often serves as a catch-all to address unethical, business-related misconduct that may not fit other rules. If broker misconduct caused your investment losses, our firm can evaluate options to recover compensation.
Continue ReadingFINRA regulates broker-dealers and conducts routine and cause-based examinations to check compliance with industry rules. Examinations may stem from complaints, disclosures, or risk signals and focus on capital adequacy, supervision, and sales practices. Brokers should understand their obligations and seek legal counsel, as FINRA’s jurisdiction and procedures can lead to serious disciplinary consequences.
Continue ReadingThe Law Offices of Robert Wayne Pearce, P.A. is representing co-trustees of a family trust in a FINRA arbitration against United Planners’ Financial Services of America and advisor Aaron Graham. Allegations include fraud, breach of fiduciary duty, negligence, and unsuitable recommendations tied to leveraged trading and margin. Investors with similar losses should contact our firm.
Continue ReadingFINRA Rule 2165 helps protect specified adults from financial exploitation by letting brokers place a temporary hold on disbursements when they have a reasonable belief fraud is occurring or will be attempted. Firms must notify authorized parties and trusted contacts and begin an internal review. The rule works with FINRA Rule 4512 to improve safeguards.
Continue ReadingA FINRA Rule 8210 letter signals that FINRA wants documents, answers, or on-the-record testimony tied to an inquiry involving a member firm or associated person. Even if you are not the target, you must respond. FINRA may share your information with regulators or law enforcement. Ignoring the request can lead to suspension, expulsion, or bar.
Continue ReadingFINRA’s Know Your Customer rule (Rule 2090) requires brokers to learn essential facts about customers, including authority and account instructions. That information drives suitability under FINRA Rule 2111, which demands a reasonable basis for recommendations based on your investment profile. Suitability includes reasonable-basis, customer-specific, and quantitative duties, supported by reasonable diligence and material red flags.
Continue ReadingFINRA Rule 3210 requires registered financial professionals to notify their member firm before opening or maintaining accounts at another firm, including any account in which they have a beneficial interest. Written consent and duplicate statements support supervision to reduce conflicts of interest, front-running, and insider trading. Close family members’ accounts may also trigger disclosure duties.
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.
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