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.
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.