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Um dos mais experientes

Fraude de Investimento, Defesa de Títulos e FINRA Advogados de Arbitragem em todo o país

A advogada Pearce tem mais de décadas de experiência em primeira mão com disputas de investimentos na Flórida, em todo o país e internacionalmente. Somos um dos mais experientes Escritórios de Arbitragem de Títulos da FINRA em todo o país e recuperamos mais de 160 milhões de dólares em nome de nossos clientes.

Com mais de 40 anos de experiência pessoal

$21,000,000 Sentença Final para Roubo Civil
$8,500,000 Liquidação de Fraudes em Obrigações de Corretor de Bolsa
$8,200,000 Liquidação da Conta de Margem de Corretor de Bolsa
$7,800,000 Liquidação de Fraudes com Opções de Corretores de Ações
$6,000,000 Liquidação de Fraudes de Corretores de Títulos e Fundos de Obrigações
$5,800,000 Sentença arbitral para fraude de corretor de bolsa
$5,500,000 Acordo de Arbitragem FINRA
$4,300,000 Solução de Ação de Classe do Tribunal Federal
$3,500,000 Acordo com o Tribunal Estadual da Flórida
$3,350,000 Acordo de Arbitragem FINRA
$3,200,000 Sentença de Arbitragem FINRA
$2,750,000 Sentença de Arbitragem FINRA

O Escritório de Advocacia Robert Wayne Pearce P.A., representa clientes de todos os lados de títulos, commodities e fraude em investimentos e outras questões em uma ampla gama de áreas de atuação em litígios judiciais, arbitragem, defesa da SEC e procedimentos de mediação. Baseado fora dos escritórios em Boca Raton, Flórida, o advogado Robert Wayne Pearce e sua equipe já trataram de centenas de casos de arbitragem e mediação de títulos FINRA, AAA e JAMs para clientes satisfeitos localizados não apenas na Flórida, mas em todo o país e em todo o mundo.

MAIS DE 160 MILHÕES DE DÓLARES RECUPERADOS PARA CLIENTES Contate nossos advogados para ajuda nacional

Ajudamos Investidores, Consultores, Corretores de Ações e Fornecemos Defesa Regulatória

Escolha suas necessidades de representação:

Conheça nossa equipe

Alguns advogados só trabalham para viver: nós trabalhamos -- pela justiça!

Os escritórios de advocacia de Robert Wayne Pearce têm representado investidores em todo o mundo e nos Estados Unidos. Nossos advogados recuperaram mais de US$ 160 milhões para seus clientes investidores em todos os tipos de fraude de corretagem e casos de má conduta de corretores.

Foto da cabeça do advogado

Tamara Griffin

Paralegal registrado na Flórida Trabalhando com nossa firma desde 2011
Foto da cabeça do advogado

Monica Duncan

Assistente Jurídico Trabalhando com nossa firma desde 1996
Foto da cabeça do advogado

Diana Cooper

Bookkeeper O contador do Sr. Pearce desde 1996

Ouvir de nossos clientes

Nos escritórios de advocacia de Robert Wayne Pearce, P.A., acreditamos que o barômetro final de nosso sucesso está superando as expectativas de nossos clientes.

Os seguintes clientes têm conhecimento direto dos processos de nosso escritório a partir de dentro e experimentaram nossa feroz advocacia.

Ouvir de nossos clientes

  • "Robert Pearce faz parte daquela raça incomum de advogados que são capazes de criar empatia com os clientes e adotar completamente sua causa".

    Aqui não há meio esforço. Ele e seu grupo de profissionais são excelentes estrategistas que podem executar com fervor preciso e determinação inabalável. Eles são uma enorme onda de fatos, pesquisa, precedentes e preparação, que me impressionou em seu rigor e criatividade, e o mais importante com os resultados. Nenhuma pedra fica sem volta e nenhum esforço é poupado. Em meu livro, ele e eles são aqueles de um tipo muito raro que se quer manter por muito tempo.

    - Ramon Flores-Esteves -
  • "Assim como a canção da HAMILTON, é tão bom ter Bob Pearce do seu lado".

    Assim como a canção da HAMILTON, é tão bom ter Bob Pearce do seu lado. Ele é o advogado do demandante do processo: inteligente, dedicado, totalmente capaz de julgar um caso, mas um grande negociador numa mediação. Ele fez um trabalho maravilhoso para nós, apoiando-nos totalmente durante todo o processo e mais do que se manter contra um grande escritório de advocacia nacional.

    - Maurice Z. -
  • "O Sr. Pearce e sua equipe excederam todas as nossas expectativas".

    O Sr. Pearce e sua equipe excederam todas as nossas expectativas. Conseguimos chegar a um acordo que foi de nossa total satisfação, tudo dentro de um processo muito suave, profissional e eficiente. O Sr. Pearce agora não é apenas nosso advogado, mas nosso amigo de família. Recomendamos muito a ele e à sua equipe!

    - Severiano L. -
  • "Para a melhor chance de luta, Robert Pearce é o advogado que você quer em seu canto".

    Este escritório de advocacia é o verdadeiro negócio. Tivemos tanta sorte que eles levaram nosso caso porque têm tanta experiência em títulos e todos os erros que acontecem nestas empresas de investimento onde eles enganam você e seu dinheiro (como no nosso caso) em esquemas que não são o que você pensa que eles são. O Sr. Robert Pearce é um dos melhores advogados que existe, um verdadeiro profissional que lutará por você e lhe dirá como é o tempo todo. Não poderíamos ter passado por esta experiência se não fosse por todos os conselhos, orientação e apoio que ele e todo o seu pessoal e associados trouxeram para o jogo. Para a melhor oportunidade de luta, Robert Pearce é o advogado que você quer em seu canto.

    - Astrid M. -
  • "Ele nunca se sentiu intimidado e seu estudo do caso e sua perseverança prevaleceram em todos os momentos".

    O advogado Robert Pearce foi nosso advogado em um caso contra uma corretora e sou testemunha de sua capacidade e inteligência para lidar com advogados do mais proeminente escritório de advocacia de Nova York, o que foi a chave para recuperar grande parte de nossas perdas aplaudidas por sua negligência. Ele nunca se sentiu intimidado e seu estudo do caso e sua perseverança prevaleceram em todos os momentos.

    - Jose A. C. -
  • "No final, Bob e eu demos a última risada quando os árbitros me concederam quase 6 milhões de dólares".

    Nenhum advogado, exceto Bob, disse que eu tinha uma chance de ganhar. Quando os advogados da UBS me ofereceram, com gargalhadas, zero para resolver a disputa, Bob ficou ainda mais determinado a provar que todos estavam errados. Bob estava extremamente preparado, e sempre um passo à frente dos advogados da oposição durante toda a arbitragem. No final, Bob e eu demos a última gargalhada quando os árbitros me concederam quase 6 milhões de dólares.

    - J. Blanco -
  • "Cada reunião e chamada telefônica foi feita com dedicação e desejo de ajudar nossa família em cada passo do caminho".

    A equipe de Robert é excelente. Eles são muito competitivos no que fazem e são muito responsáveis. Cada reunião e telefonema foi feito com dedicação e desejo de ajudar nossa família em cada passo do caminho. Seu profissionalismo, responsabilidade e empatia nos garantiram que estávamos em boas mãos. Recomendar a todos.

    - Mayra A. -

Casos e Investigações

J.P. Morgan Sued pela alegada má conduta de Edward Turley: 55 milhões de dólares!

The Law Offices of Robert Wayne Pearce, P.A. has filed another case against Ex-J.P. Morgan broker Ed Turley for alleged misrepresentations, misleading statements, unsuitable recommendations, and mismanagement of Claimants’ accounts. The Law Offices of Robert Wayne Pearce has filed another case against J.P. Morgan Securities for alleged misrepresentations, misleading statements, unsuitable recommendations, and mismanagement of Claimants’ accounts continuing in fall 2019 and thereafter by Edward Turley (“Turley”), a former “Vice-Chairman” of J.P. Morgan. At the outset, it is important for our readers to know that our clients’ allegations have not yet been proven. IMPORTANT: We are providing information about our clients’ allegations and seeking information from other investors who did business with J.P. Morgan and Mr. Turley and had similar investments, a similar investment strategy, and a similar bad experience to help us win our clients’ case. Please contact us online via our contact form or by giving us a ring at (800) 732-2889. Latest Updates on Ed Turley – November 18, 2022 The Advisor Hub reported today that the former star broker with J.P. Morgan Advisors in San Francisco Edward Turley agreed to an industry bar rather than cooperate with FINRA’s probe of numerous allegations of excessive and unauthorized trading that resulted in more than $100 million worth of customer complaints. FINRA had initiated its investigation of Edward Turley as it related to numerous customer complaints in 2020. The regulator noted in its Acceptance Waiver and Consent Agreement (AWC) that the investors had generally alleged “sales practice violations including improper exercise of discretion and unsuitable trading.” According to Edward Turley’s BrokerCheck report, he had been fired in August 2021 for “loss of confidence concerning adherence to firm policies and brokerage order handling requirements.” On October 28th, FINRA requested Turley provide on-the-record testimony related to his trading patterns, including the “use of foreign currency and margin, and the purchasing and selling of high-yield bonds and preferred stock,” but Edward Turley through counsel declined to do so. As a result, Edward Turley violated FINRA’s Rule 8210 requiring cooperation with enforcement probes, and its catch-all Rule 2010 requiring “high standards of commercial honor,” the regulator said and he was barred permanently from the securities industry. Related Read: Can You Sue a Financial Advisor or Stockbroker Over Losses? Turley Allegedly Misrepresented And Misled Claimants About His Investment Strategy The claims arise out of Turley’s “one-size-fits-all” fixed income credit spread investment strategy involving high-yield “junk” bonds, preferred stocks, exchange traded funds (“ETFs”), master limited partnerships (“MLPs”), and foreign bonds. Instead of purchasing those securities in ordinary margin accounts, Turley executed foreign currency transactions to raise capital and leverage clients’ accounts to earn undisclosed commissions. Turley over-leveraged and over-concentrated his best and biggest clients’ accounts, including Claimants’ accounts, in junk bonds, preferred stocks, and MLPs in the financial and energy sectors, which are notoriously illiquid and subject to sharp price declines when the financial markets become stressed as they did in March 2020. In the beginning and throughout the investment advisory relationship, Turley described his investment strategy to Claimants as one which would generate “equity returns with very low bond-type risk.” Turley and his partners also described the strategy to clients and prospects as one “which provided equity-like returns without equity-like risk.” J.P. Morgan supervisors even documented Turley’s description of the strategy as “creating portfolio with similar returns, but less volatility than an all-equity portfolio.” Note: It appears that no J.P. Morgan supervisor ever checked to see if the representations were true and if anybody did, they would have known Turley was lying and have directly participated in the scheme. The Claimants’ representative was also told Turley used leverage derived from selling foreign currencies, Yen and Euros, to get the “equity-like” returns he promised. Turley also told the investor not to be concerned because he “carefully” added leverage to enhance returns. According to Turley, the securities of the companies he invested in for clients “did not move up or down like the stock market,” so there was no need to worry about him using leverage in Claimants’ accounts and their cash would be available whenever it was needed. The Claimants’ representative was not the only client who heard this from Turley; that is, he did not own volatile stocks and not to worry about leverage. Turley did not discuss the amount of leverage he used in clients’ accounts, which ranged from 1:1 to 3:1, nor did Turley discuss the risks currency transactions added to the portfolio, margin calls or forced liquidations as a result of his investment strategy. After all, Turley knew he could get away without disclosing those risks. This was because J.P. Morgan suppressed any margin calls being sent to Turley’s clients and he liquidated securities on his own to meet those margin calls without alarming clients.  This “one-size-fits-all” strategy was a recipe for disaster. J.P. Morgan and Turley have both admitted that Turley’s investment strategy was not suitable for any investor whose liquid net worth was fully invested in the strategy. It was especially unsuitable for those customers like Claimants who had other plans for the funds in their J.P. Morgan accounts in fall 2019 and spring 2020. Unfortunately, Turley recommended and managed the “one-size-fits-all” strategy for his best clients and friends, including Claimants. Turley was Claimants’ investment advisor and portfolio manager and required under the law to serve them as a “fiduciary.” He breached his “fiduciary” duties in making misrepresentations, misleading statements, unsuitable recommendations, and mismanagement of Claimants’ accounts. The most egregious breach was his failure to take any action to protect his clients at the end of February 2020, when J.P. Morgan raised the red flags about COVID-19 and recommended defensive action be taken in clients’ accounts. Turley Allegedly Managed Claimants’ Accounts Without Written Discretionary Authority Claimants’ representative hired Turley to manage his “dry powder,” the cash in Claimants’ accounts at J.P. Morgan, which he would need on short notice when business opportunities arose. At one point, Claimants had over $100 million on deposit with J.P. Morgan. It was not...

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Posso processar meu assessor financeiro por perdas de investimento em notas estruturadas?

Structured notes are investments that combine securities from several asset classes to create a single investment with a particular risk and return profile over a time period. Unfortunately, investment loss is not unheard of with structured notes. This article will try to explain how a structured note works and what you can do if you have lost money due to an advisor’s bad purchase decisions for you. Can I Sue My Financial Advisor For Structured Note Investment Losses? Yes, you can sue your financial advisor for structured note investment losses for one or more of the following reasons: The nature, mechanics, or risks of the structured note were misrepresented. The financial advisor failed to provide you with a prospectus, offering memorandum, or otherwise disclose all of the material risks of the structured product investment. The recommendation that you invest in a particular structured note was unsuitable. Your account was over-concentrated in structured notes which may otherwise have been suitable for a small percentage (10% or less) of your portfolio. What Are Structured Notes? Structured notes are investments which often combine securities of different asset classes as one investment for a desired risk and return over a period of time. They are complex investments that are often misunderstood by not only investors but the financial advisors who recommend them.  Structured notes are manufactured by financial institutions in all sizes and shapes. Generally, a structured note is an unsecured obligation of an issuer with a return, generally paid at maturity, that is linked to the performance of an underlying asset, such as a securities market index, exchange traded fund, and/or individual stocks. The return on the structured note will depend on the performance of the underlying asset and the specific features of the investment being made. The different features and risks of structured notes can affect the terms and issuance, returns at maturity, and the value of the structured product before maturity. They may have limited or no liquidity before maturity. Before investing, you better make sure you understand the terms and conditions and risks associated with the structured note being offered. Structured notes are often represented as investments being guaranteed by large financial institutions. Indeed, the top issuers of structured notes in 2021, Goldman Sachs (12.75%), Morgan Stanley (12.70%), Citigroup (12.46%), J.P. Morgan (11.92%), UBS (80.47%), Credit Suisse (4.99%), RBC (4.45%), Bank of America (3.90%), Scotiabank (3.89%), are some of the largest financial institutions in the world. It’s important to understand that although the benefits of owning structured products may be guaranteed to be paid by one of those large financial institutions, the amount of interest or principal being guaranteed is dependent upon the features of the product being sold; that is, the specific terms and conditions of the investment contract being purchased. In this low-interest rate environment the most popular structured notes being offered are structured notes with principal protection and income features. Some of the structured notes offer full principal protection, but others offer partial or no protection of principal at all. Some structured notes offer higher rates of interest that may be paid monthly and then suddenly stop paying any interest at all because payment was contingent upon certain events not happening. It all depends on the terms and conditions of the investment contract being purchased, which is why you must read the term sheet or better yet the prospectus to understand the nature, mechanics and risks of the structured note being sold. You need to understand that there are many key terms beyond the words “guarantor” and “guaranteed” which are used often to describe structured notes. You need to ask about and be sure to understand the following features of the structured notes being offered: the nature of the “reference asset” (a/k/a the “underlyings”) the reference index(es), ETF(s), or stock(s) underlying the structured note. whether the “reference asset” gets put to you at maturity (delivered) or you get paid in cash and forced to realize a loss. the “barrier levels” which can dictate the payment of interest and/or return of capital to the investor in the structured notes. whether the notes “auto-callable” which might force you to realize permanent loss that might not otherwise have occurred if you were allowed to hold the securities through market fluctuation. the “redemption dates,” or “observation dates, ” which may impact the amount of payment of principal or interest you ultimately receive. whether the interest payments subject to a “contingent coupon” and, if so, be sure you know the contingency parameter and the level where your interest payments may stop. How the “closing value” and/or “final value” of the “reference asset (as)” are calculated on the “redemption date(s)” or “observation date(s).” Are Structured Notes Suitable Investments? Let me answer that question this way, a particular structured note may be suitable for somebody but not everybody. With regard to the more common structured notes being offered by the major financial institutions these days, they are not suitable for individuals seeking an investment that: produces fixed periodic interest payments, or other non-contingent sources of income and/or you cannot tolerate receiving few or no interest payments over the term of the notes in the event the closing value of the underlings or reference stock falls below a barrier level on one or more of the observation dates. participates in the full appreciation of the reference stock rather than an investment with a return that is limited to the contingent interest payments, if any, paid on the notes. provides for the full repayment of principal at maturity, and/or you are unwilling or unable to accept the risk that you may lose some or all of the principal amount of the notes in the event the final value of the reference asset falls below the barrier value. They are not suitable investments if you are someone who: anticipates that the closing value of the reference asset will decline during the term of the notes such that the closing value of the reference asset will fall below...

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Advogados de Investimento e Valores Mobiliários

Somos um escritório de advocacia de valores mobiliários reconhecido nacionalmente

Com um histórico de sucesso na recuperação de perdas de investimento

O advogado Pearce é um respeitado defensor dos investidores em toda a comunidade jurídica, conhecido como um litigante feroz e incansável não apenas em Boca Raton, mas em toda a Flórida e em todo o país. Leia seu Blog de Direitos dos Investidores e descubra a amplitude de seu conhecimento que só pode ser adquirida com mais de 40 anos de experiência jurídica para você. Como um dos mais experientes advogados de arbitragem FINRA, o Sr. Pearce conhece todas as opções disponíveis para seu caso e as buscará vigorosamente para garantir o melhor resultado possível para você e seu corretor de valores e caso de má conduta do corretor de valores. Ele ganhou uma classificação de AV Preeminent * através do processo de avaliação por pares Martindale-Hubbell, a mais alta classificação disponível através desse programa.

O Sr. Pearce é um dos Super Advogados da Thomson Reuters Florida ** para Litígio de Títulos (Top 5). Leia o artigo de destaque sobre ele na revista Florida 2014 Super Lawyers intitulado: "Sem Desculpas - Como Robert Wayne Pearce começou o desastre pessoal".

Durante seus mais de 40 anos de experiência na prática da advocacia de valores mobiliários e commodities, ele ganhou inúmeros prêmios de milhões de dólares e acordos para seus clientes, o que lhe rendeu reconhecimento por seu sucesso pelo The Million Dollar Advocates Forum e The Multi-Million Dollar Advocates Forum como um dos melhores advogados de julgamento na América TM****.

Ao contratar Robert Wayne Pearce, um advogado com mais de 40 anos de experiência na área de títulos, commodities e fraude de investimentos em ambos os lados da mesa em arbitragens e litígios judiciais, você verá claramente sua experiência e conhecimento jurídico em ação. Tendo um litigante feroz e incansável defensor de seus direitos, um advogado que rapidamente identificará tanto os pontos fortes quanto os pontos fracos de seu caso certamente aumentará a probabilidade de ganhar seu caso.

Blog Jurídico

Selling Away: Definition, Examples, and How to Recover Losses

The securities industry is one of the most regulated, largely because of the high potential for fraud and abuse. Various laws and regulations protect investors by imposing requirements on securities transactions and the people who facilitate them. Individual brokers and brokerage firms must be registered and licensed with the Financial Industry Regulatory Authority (FINRA) before they are permitted to conduct securities transactions. FINRA also administers a number of exams that provide certification for selling specific kinds of securities. All of these regulations exist to protect investors from fraudulent conduct by brokers. Nevertheless, brokers occasionally attempt to skirt the rules and offer private deals to their clients. Not only do these transactions violate FINRA rules, they also pose additional risks for investors. What Is Selling Away? Selling away describes the practice of selling securities in unauthorized private transactions outside the regular scope of the broker’s business. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. Brokerage firms maintain a list of approved securities their brokers are allowed to offer. By approving products ahead of time, brokerage firms ensure that their brokers sell only securities that are vetted and verified as legitimate products. Brokers sell away when they offer their clients securities not on the firm’s approved product list. Brokers may sell away if they want to make extra commissions without sharing with their firm. Selling away is not always malicious; sometimes, a broker means well but isn’t able to offer the securities a client wants through normal channels. Regardless of the broker’s intent, however, FINRA prohibits selling away and sanctions brokers for doing so. Common Examples of Selling Away While there is no specific form a selling-away transaction takes, they frequently involve certain types of investments. These investments include: Deals that involve selling away often exhibit the same red flags as other types of investment fraud, like Ponzi schemes. Excessively high or consistent returns are indicators that the deal is probably too good to be true. What Are the Risks of Investing in Securities That Are Sold Away? Investments of all kinds carry a certain level of risk. However, investing in a selling-away deal carries more risk because they come without the safeguards that accompany approved investments. Lack of screening First, selling-away deals involve securities that are not screened by the brokerage firm. Brokerage firms screen the products they offer for a reason: to make sure that their customers have access to solid investments. Without these safeguards, investors are taking on significantly higher risk. Lack of disclosures Second, selling away deals rarely include the formal risk disclosures found with approved brokerage products. There is no review of the investment by the brokerage’s compliance department, and the exact nature of the risk involved may be unclear. Less accountability Finally, it may be harder to recover losses. When a broker engages in an approved transaction, the brokerage takes on liability for the broker’s activity. Because brokerages are often completely unaware of selling-away transactions, it is much harder to prove liability on the part of the brokerage. In the case of significant investor losses, this can mean less money recovered overall. Selling-Away FINRA Regulations There are two main FINRA regulations that cover selling away: Rule 3270 and Rule 3280.  FINRA Rule 3270 prohibits brokers from engaging in activities that are outside of the broker’s relationship with their brokerage firm unless written notice is provided to the firm.  FINRA Rule 3280 is similar, and prohibits brokers from engaging in private securities transactions (including selling away) without first providing written notice to their firm. After receiving that notice, the member firm may approve or disapprove the transaction. If the firm approves, then the firm supervises and records the transaction. Disapproval, on the other hand, prohibits the broker from participation in the transaction either directly or indirectly. What Are the Penalties for Selling Away? Both brokers and brokerage firms can be held liable when a broker sells away. FINRA regulations require brokers to offer securities products suitable for each of their client’s needs. Brokers must account for their clients’ objectives, level of investing sophistication, and risk tolerances. When a broker fails to fulfill this obligation, FINRA may sanction, suspend, or bar the broker from the financial industry. According to FINRA’s Sanctions Guidelines, Brokers who engage in selling away open themselves up to monetary sanctions between $2,500 and $77,000 for each rule violation. For serious violations, FINRA may suspend the broker for up to two years or permanently bar them from practicing as a broker. The severity of the penalty depends on several factors: Because selling away involves transactions outside of a broker’s relationship with their brokerage firm, holding the firm responsible for investor losses is more difficult. Nevertheless, a brokerage firm may still be liable for the conduct of its brokers under FINRA regulations. Brokerage firms have an obligation to supervise the brokers with which they are associated. Failure to do so may result in the firm’s liability to the investor. How Do I Recover Losses from Selling Away Deals? Investors can try to recover their losses through several formal and informal methods. Speaking with a selling away lawyer is the best way to determine which method is right for your situation. FINRA Arbitration Many brokerage firms require their customers to sign mandatory arbitration clauses. If this is the case, then the investor must use FINRA’s arbitration process rather than filing a lawsuit.  Arbitration starts when the investor files a claim. From there, the parties go through similar procedures to those in the regular court system. Each side will engage in discovery and present their case at a hearing before an arbitrator. The arbitrator is responsible for reviewing the evidence and ultimately issuing a decision and award. Contacting Your Brokerage Firm A brokerage firm’s compliance department may be interested in reaching a resolution without involving the courts. In some cases, investors recover losses from their broker’s selling away deals through mediation. FINRA provides access to informal mediation to facilitate a mutually acceptable agreement between...

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O que é um número de CRD de um corretor?

CRD, or Central Registration Depository, is a comprehensive database maintained by FINRA of all registered securities professionals and firms, providing an invaluable resource for investors. Investors can use a CRD number to access information about any broker or investment advisor, including their employment history, qualifications, examinations taken and passed, licenses held, disciplinary actions and more. Brokers and brokerage firms must register with the Financial Industry Regulatory Authority (FINRA) before they can legally sell securities in the United States. By maintaining a registration system, FINRA can better monitor and record the activities of registered brokers. These registrations are also open to the public, so investors can review the backgrounds of potential brokers before entrusting them with their money. You can look up your broker and brokerage firm by using their unique CRD (Central Registration Depository) number. What Is a Broker CRD Number? CRD (Central Registration Depository) numbers are unique identification numbers assigned by FINRA to registered brokers and brokerage firms. You can use the CRD number to look up a broker or brokerage firm’s disciplinary history, qualifications and other detailed information. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. Central Registration Depository (CRD) & FINRA FINRA manages the Central Registration Depository (CRD) program. This program covers the licensing and registration of individuals and firms in the securities industry in the United States. When a broker or firm registers with FINRA, the regulator assigns them a CRD number. Investors can use a broker’s CRD number to check that broker’s work history and disciplinary record using BrokerCheck.  A broker’s profile on BrokerCheck will contain useful information for investors. On any given profile, investors can find information related to Complaints and regulatory actions are called “disclosures,” and investors can see details about each one using BrokerCheck. If the claim was settled, BrokerCheck displays the settlement along with the claimed allegations and the broker’s response, if any. Why It’s Important to Investigate a Potential Broker An investment broker is responsible for handling a significant portion of your assets. For that reason, you should learn as much about them as possible before giving them control. Doing your research before handing over your money can save you time and stress in the long run by helping you avoid unscrupulous brokers. If a broker’s disclosure history shows several complaints, each of which the broker denies, you can make the decision to move on or bring up your concerns. In any case, having more information about your broker’s past allows you to make a smarter decision about who is managing your money. How to Find a Broker’s CRD Number Before engaging a broker, you have the legal right to request their CRD number. If a broker refuses to provide this information to you, stop and find another broker to work with. Any broker unwilling to give you their CRD number likely has something to hide and is probably not someone with whom you want to invest. While asking your broker directly is the fastest way to get their CRD number, the information materials and agreement you receive before engaging your broker will likely contain this information as well. Regardless of how you obtain it, searching your broker’s CRD number is an important step when hiring a broker. How to Do a FINRA BrokerCheck CRD Number Search Finding information about a broker or firm in the past used to be a hassle. Fortunately, BrokerCheck makes it easy to research a broker with whom you want to invest. After visiting the BrokerCheck website, there are a few things you can do to check out a broker or firm. Search by CRD Number, Broker, or Firm Name Using the “Individual” or “Firm” search options, you can search for your broker by CRD number or name. Because many brokers may have the same or similar names, using a CRD number ensures that you find the right BrokerCheck report. You can also search for a specific brokerage firm using its CRD number or name. Doing so will return a report with much the same information as a broker search. Additionally, you can see a list of the direct owners and executive officers of the firm and information about when the firm was established. Examine Your Broker’s Employment History and Experience In the “Previous Registrations” section of the BrokerCheck report, you can see a chronological list of the firms with which the broker was previously registered. If you are concerned about gaps in employment or short tenures, you can discuss them with your broker. Check Your Broker’s Licenses and Exam History BrokerCheck also provides a comprehensive list of the examinations and licenses your broker has obtained. In addition to FINRA registration, your broker may have broker or financial adviser registrations in other states. The “Examinations” section shows you the date and type of exam your broker passed. If you are interested in a specific type of security or curious about the broker’s overall certification status, you can check that there. Read Through Any Disclosures BrokerCheck disclosures cover not only customer disputes and disciplinary actions but employment terminations, bankruptcy filings, and criminal and civil proceedings as well. If a broker was the subject of a court-ordered lien or other debt, it will show up with the other disclosures. This is the most important section to review while researching your broker. If there are no disclosures, then you’re good to go. If there are, however, then you should read through them carefully to decide whether to find another broker. Just because a customer dispute is filed does not mean that the broker engaged in wrongdoing. In many cases, the claim may not even reference the individual broker directly even if it shows up in the BrokerCheck report. Essentially, the existence of one or more disclosures does not automatically mean that the broker is bad. You should review and follow up on any disclosures you are concerned about. Do You Need a FINRA Attorney? If you’ve lost money and believe you are a victim of investment...

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O que é fraude de corretor de bolsa?

Stockbroker fraud is, unfortunately, all too common. Investors typically understand that there is always some risk when investing in the stock market. However, what they don’t expect is for their broker to intentionally deceive them and engage in illegal activities to make a profit. Brokers are strictly regulated by the Financial Industry Regulatory Authority (FINRA) and must adhere to a fiduciary standard when providing advice to their clients. When a stockbroker fails to act in the most beneficial manner for their client, they may be participating in unlawful activity known as stockbroker fraud. What is Stockbroker Fraud? Stockbroker fraud is any act committed by a broker or financial advisor that violates the securities laws or their fiduciary duty to their client, generally in an effort to gain profits for themselves or their firm. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. There are many different ways a stockbroker may violate their legal and ethical obligations towards their clients. If a broker commits securities fraud, their employer – which is often a large brokerage firm – will be held accountable for any losses the client suffers. 12 Common Types of Stockbroker Fraud Below are the most common examples of stockbroker fraud and other stockbroker misconduct: Recommending Unsuitable Investments Brokers have an obligation to make sure that any investments they recommend are suitable for the investor’s individual needs and objectives. If a broker recommends a high-risk investment to someone who is looking for conservative, low-risk options, this could be seen as unsuitable advice. Unsuitable investments can lead to serious losses for the investor, so it is important that brokers provide advice tailored to their clients’ individual needs and goals. Outright Theft or Misappropriation of Funds This is one of the most serious forms of stockbroker fraud. It involves a broker taking money from their client’s account without authorization and using it for their own personal gain. This could include transferring funds to accounts they control or even selling securities in the client’s account and pocketing the proceeds. There are many different ways brokers can steal from their clients, so it’s important for investors to closely monitor their accounts. If you find unusually large transactions or other suspicious activity, you should contact a stockbroker fraud attorney. Churning (Excessive Trading) Churning occurs when a broker engages in excessive buying and selling of securities in a client’s account, often for the purpose of generating commissions. While some trading activity is expected with any investment strategy, churning can be seen as irresponsible behavior that only benefits the broker while putting the investor at risk. You can often spot churning by looking for unusually high commission charges or a large number of transactions with short holding periods. Unauthorized Trading on a Client’s Account Similar to churning, unauthorized trading occurs when a broker executes trades in a client’s account without their knowledge or authorization. This is an illegal activity that can be seen as a form of theft if the broker does not have the client’s permission to act on their behalf. Unauthorized trading can also be seen as a breach of fiduciary duty, since the broker should have obtained their client’s consent before entering into any transactions. Lack of Diversification Another form of stock broker fraud is a lack of diversification. This occurs when a broker invests all or most of the client’s money in one type of security, such as stocks, bonds, or mutual funds. Diversifying an investment portfolio can help reduce risk and maximize returns, so failing to diversify a client’s investments could be seen as a breach of fiduciary duty. Misrepresenting or Omitting Information It is the responsibility of a stockbroker to provide accurate and complete information about any investment they recommend. If they fail to do so, or intentionally misrepresent the facts, this could be seen as a form of stock broker fraud. Not only that, but they must also disclose any risks associated with the investments they recommend. Failing to do so could lead to serious losses for their clients. Failing to Follow Instructions In most cases, your broker is ethically and contractually compelled to follow your directions when you’re buying or selling stock. If you instruct your broker to make a certain trade, and they fail to do so, this could be seen as a breach of their duties. In some situations, the broker won’t flat-out ignore your instructions but might attempt to persuade you into keeping a stock that you wanted to sell, for their benefit rather than yours. Failure of a broker to follow your instructions, and even improper pressure to change your instructions, can be grounds for recovering your loss. Over-Concentration of Assets Over-concentration occurs when a broker invests too much of a client’s money in one particular security or sector. This is risky, as it could cause the investor to suffer significant losses if that security or sector declines in value. Imagine if your broker recommended investing all of your money in a structured product, and then the structured product suddenly declined. You could find yourself with a margin call or a forced liquidation of your portfolio. Failure to Disclose a Personal Interest in a Security Brokers owe their clients a duty of disclosure, meaning they must disclose any personal interest they have in security before recommending it. Imagine if your broker recommended that you invested in a certain stock only for you to later find out they had a majority ownership stake in the company. Of course, you would be upset. You have a legal right to expect your broker to put your interests first. Failing to disclose their personal stake in the security could be seen as a breach of fiduciary duty and constitute stock broker fraud. Negligent Portfolio Management A big reason you hired a broker in the first place was to get professional advice on how to manage your investments. If the broker fails to follow through on their duties and takes actions that are deemed negligent, this could be seen as a form of stockbroker fraud. When it...

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