Illinois Securities Attorney Who Sues Stockbrokers For Their Negligence
Illinois 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 fail to use reasonable care or commit negligence in speaking with you, making recommendations, failing to follow your instructions and to engage in many other kinds of negligent stockbroker misconduct which violates Federal and Illinois securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.
For example, Stephen Oberman of Naperville, Illinois, and former registered representative with the Chicago, Illinois based Oppenheimer & Co., Inc. submitted an AWC to FINRA for allegedly falsifying signatures on at least 51 letters of authorization (LOAs) requesting fund disbursements from and address changes to a customer’s account. FINRA’s findings stated that while serving as GSR at Oppenheimer, Stephen Mark Oberman was assigned to the account of a customer that had a trust with three trustees. Mr. Oberman allegedly falsified the trustees’ signatures by photocopying their signatures from other firm documents and cutting and pasting them onto the LOAs. Even after two of the trustees had died, Mr. Oberman allegedly continued to falsify their signatures, only disclosing this to Oppenheimer after learning that two of the three trustees were deceased. For violating NASD Rule 2110 and FINRA Rule 2010, Mr. Oberman was fined $10,000 and suspended from association with any FINRA member in any capacity for four months.Experienced Securities Lawyers Who Arbitrate Stockbroker Negligence Claims In FINRA Arbitrations Throughout Illinois and Nationwide
Are you an Illinois investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Illinois stockbroker or investment advisor commit negligence by failing to use due care in representing facts about the securities, investments or strategies? Did they recommend unsuitable securities transactions or strategies? Were they negligent in the management of your securities account? Under common law, every stockbroker owes one or more of the following duties of reasonable care in dealing with you and your securities account, including the duty to: not misrepresent facts; disclose all relevant and material facts; execute your orders promptly; follow your instructions; only recommend suitable investments and strategies; and manage your account reasonably when they take control of your account. If you believe that your stockbroker or investment advisor acted in breach of their duty of reasonable care, you will need an attorney who knows the law and exactly what duties are owed by the stockbroker and/or investment advisor.
More importantly, you will need the representation of an experienced, highly rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases and other complex legal issues. By hiring a top rated securities attorney like Robert Wayne Pearce with over 40 years of experience 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 one of the best securities attorneys to recover your investment losses for negligence and all types of stockbroker misconduct in FINRA arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors with stockbroker negligence claims and many other kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas besides stockbroker negligence, such as claims involving securities misrepresentation and stockbroker fraud, breach of fiduciary duty, failure to supervise, and unsuitable recommendations by stockbrokers and investment advisors. Attorney Pearce and his staff represent investors throughout Illinois, 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 stockbroker negligence claims and other 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 in all kinds of securities law and investment disputes in FINRA arbitrations serving Illinois citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.