COVID-19 Update: How We Are Serving and Protecting Our Clients. Learn More »

Over $125 Million Recovered For Investors!

Justia Lawyer Rating
Martindale-Hubbell Badge
Super Lawyers Badge
Million Dollar Advocates Forum

Michigan Securities Lawyer for Index Annuity Investment Disputes

Michigan has thousands of stock brokerage firms and investment advisory offices. With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to make unsuitable recommendations and misrepresent and/or mislead investors about the risks and huge surrender fees before investing in Index Annuities and engage in all kinds of stockbroker misconduct which violates Federal and Michigan securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.

For example, Allen Wayne St. Amour, a former Traverse City, Michigan-based registered representative employed by Springfield, Massachusetts-based MML Investors Services, LLC and New York, New York-based NYLIFE Securities LLC, was fined and suspended based on the Financial Industry Regulatory Authority’s (FINRA) findings that he sold equity indexed annuities to his member firm’s customers without providing prior written notice to the firm. Mr. St. Amour allegedly obtained a total of $114,030 in compensation for the sales. According to FINRA, Mr. St. Amour signed a customer’s name on documents related to the purchase of variable annuities in violation of his firm’s rules and without receiving the customer’s written consent to sign on the customer’s behalf. Mr. St. Amour allegedly sent the documents to his firm without advising anyone that he had signed the customer’s name. Further, FINRA found that Mr. St. Amour failed to amend his Form U4 to disclose a fine imposed by the Indiana Commissioner of Insurance.

Consequently, Mr. St. Amour was fined a total of $22,500, suspended from association with any FINRA member in any capacity for a total of six months, and ordered to disgorge $114,030 in commissions. The fines and disgorgement are due and payable if he re-enters the securities industry. His suspension was effective effect from January 20, 2014, through July 20, 2014.

Experienced Securities Attorneys Handling Claims For Index Annuities Investors In FINRA Arbitrations Throughout Michigan and Nationwide

Are you a Michigan investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Michigan stockbroker or investment advisor misrepresent or mislead you about an Index Annuities investment or make an unsuitable recommendation that you invest in an Index Annuity or otherwise mismanage your investment account? If so, you need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration attorney who understands these highly complex and risky Index Annuity investments.

You will also need an experienced lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues. By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your Index Annuity investment losses and all types of stockbroker misconduct in FINRA arbitration proceedings!

At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Index Annuities and securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Index Annuities. Attorney Pearce and his staff represent investors throughout Michigan, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing - NO FEES-NO COSTS - unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

Se habla español

Free Initial Consultation With An Experienced Index Annuities Investment Lawyer Serving Michigan Residents In FINRA Arbitration Proceedings

The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle Index Annuities cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case. For dedicated representation by an attorney with over 40 years of experience and success representing investors who were sold Index Annuities and all kinds of securities and investments serving Michigan citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Client Reviews
Robert Pearce is part of that unusual breed of lawyers that are able to create empathy with clients and thoroughly adopt their cause. No half efforts here. He and his group of professionals are outstanding strategists that can execute with precise fervor and unyielding determination. Theirs is a huge wave of facts, research, precedents and preparation, that has impressed me in its thoroughness and creativity, and most importantly with the results. No stone goes unturned and no effort is ever spared. In my book, he and they are those of a very rare kind that one wants to keep for a very long time. Ramon F.
This law firm is the real deal. We were so lucky that they took our case as they have so much experience in securities and all the wrongdoing that happens in these investment companies where they mislead you and your money (as in our case) into schemes that are not what you think they are. Mr. Robert Pearce is one of the best lawyers around, a truly professional who will fight for you and will tell you as it is all the time. Astrid M.
Mr. Pearce is a great professional and attorney. He led me through every step of the process in a clear, direct and straightforward manner. I highly recommend him as a securities attorney. Rey S.
Just like the song from HAMILTON, it's so nice to have Bob Pearce on your side. He is the consumate plaintiff's lawyer: smart. dedicated, fully able to try a case but a great negotiator in a mediation. He did a wonderful job for us, fully supporting us through the process and more than holding his own against a large national law firm. Maurice Z.
No lawyer except Bob said I had a chance of winning. When Ubs lawyers laughingly offered me zero to settle the dispute, Bob became even more determined to prove everybody wrong. Bob was extremely prepared, and always a step ahead of the opposing attorneys throughout the arbitration. In the end, Bob and I had the last laugh when the arbitrators awarded me almost 6 million dollars. J. Blanco