CONSULTA INICIAL GRATUITA COM ADVOGADOS QUE PODEM LIDAR COM SEUS TÍTULOS, COMMODITIES E PROBLEMAS DE INVESTIMENTO

O Escritório de Advocacia Robert Wayne Pearce, P.A. entende o que está em jogo em matéria de valores mobiliários, commodities e leis de investimento e se esforça constantemente para garantir o resultado mais favorável possível. O Sr. Pearce fornece uma revisão completa do seu caso e explica completamente suas opções legais. O escritório trabalha para garantir que você tenha todas as informações necessárias para tomar uma boa decisão antes de qualquer ação em seu caso.

Para representação dedicada por um escritório de advocacia com experiência substancial em todos os tipos de títulos, commodities e disputas de investimento, entre em contato com o escritório pelo telefone 561-338-0037, ligação gratuita 800-732-2889 ou via e-mail. Também podemos marcar uma reunião com você em escritórios localizados em Boca Raton, Fort Lauderdale, Miami e West Palm Beach, Flórida e em outros lugares.

May 10, 2023

Qual é a diferença entre o comércio solicitado e o não solicitado?

Ideally, hiring a skilled broker takes some of the risk out of investing. Unfortunately, however, some brokers fail to act with the appropriate level of integrity. As an investor, it’s very important to understand the difference between solicited and unsolicited trades. The distinction has significant consequences on your ability to recover losses from a bad trade. What’s the Difference Between a Solicited and an Unsolicited Trade? The main difference between a solicited and unsolicited trade is: a solicited trade is a transaction that the broker recommends to the client. In contrast, an unsolicited transaction is one that the investor initially proposed to the broker. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. In regards to solicited trades, the broker is ultimately responsible for the consideration and execution of the trade because he or she brought it to the investor’s attention. The responsibility for unsolicited trades therefore lies primarily with the investor, while the broker merely facilitates the investor’s proposed transaction. Why does the Difference Between an Unsolicited and Socilited Trade Matters? The status of a trade as solicited or unsolicited is hugely important when an investor claims unsuitability. An investor who wants to recover losses may be able to do so if the broker is the one who initially suggests the transaction. Take the following example. You purchase $150,000 of stock in a new company. Shortly after the trade is complete, the stock loses nearly all its original value. As an investor, you will want to recover as much of that loss as possible. One way is to file a claim against your broker on the basis that the stock was an unsuitable investment. When you say that an investment was unsuitable, you are essentially saying that based on the information your broker had about you as an investor, the broker should not have made the trade in the first place. If the stock purchase was at your request—that is, it was unsolicited—then it’s unlikely you’d be able to hold your broker liable for your losses. After all, the trade was originally your idea.  IMPORTANT: If the stock was suggested to you as a good investment by your broker, however, then you may have an argument that you were pushed into a solicited trade that was not in your best interests. If this is the case, you would have a much stronger argument for holding your broker liable. What Is Suitability? The Financial Industry Regulatory Authority (FINRA) imposes rules on registered brokers to protect investors against broker misconduct. Under FINRA Rule 2111, brokers are generally required to engage in trades only if the broker has “a reasonable basis to believe that the recommended transaction or investment strategy involving a security or securities is suitable for the customer.” Whether an investment is suitable depends on diligent consideration of several aspects of a client’s investment profile, including: When a broker makes a trade without a reasonable basis for believing that the trade is suitable, the broker violates FINRA Rule 2111. Investors may then be able to recover losses from the broker, and FINRA may impose sanctions, suspension, or other penalties on the broker. Broker Obligations to Their Clients When a broker conducts a trade on behalf of an investor, the broker uses an order ticket with the details of the trade. Brokers mark these tickets as “solicited” or “unsolicited” to reflect the status of the trade. For the reasons explained above, this marking is very important. On one hand, it protects a broker from unsuitability claims following a trade suggested by the broker’s client. On the other, it provides an avenue to recover losses in the case of a solicited trade that turns out poorly. FINRA Rule 2010 covers properly marking trade tickets. This rule requires brokers to observe “high standards of commercial honor and just and equitable principles of trade” in their practice. If a broker fails to properly mark a trade ticket, that broker violates Rule 2010. As an investor, you should always receive a confirmation of any trades your broker conducts on your account.  FINRA has found that abuse of authority by mismarking tickets is an issue within the securities industry. The 2018 report found that brokers sometimes mismarked tickets as “unsolicited” to hide trading activity on discretionary accounts. If your broker feels the need to hide a trade from you, that trade is likely unsuitable. How to Protect Yourself Against Trade Ticket Mismarking Whether your account is discretionary or non-discretionary, and whether you’re new to investing or a skilled tycoon, you should always pay close attention to your investment accounts. Carefully review your trade confirmations to make sure that all trades are properly marked. If you find a mistake, immediately report it to your broker or the compliance department of their brokerage firm. It’s their job to correct these mistakes and make sure they don’t happen in the future. Negative or suspicious responses to a legitimate correction request are red flags that should not be ignored. If you discover your broker intentionally mismarking your trade tickets, contact an investment fraud attorney immediately. Can Litigation Finance Help Your Legal Case? Exploring Options for Investment Losses Caused by a Broker Litigation finance can help your legal case by providing financial support for legal fees and expenses. It allows you to pursue your claim without upfront costs and levels the playing field against well-resourced opponents. However, it’s important to carefully consider the costs, choose a reputable provider, and understand the terms of the funding agreement. Concerned About a Solicited Trade? The Law Offices of Robert Wayne Pearce, P.A., have been helping investors recover losses for over 40 years. We have extensive experience representing investors and have helped our clients recover over $170 million in total. If you’ve become the victim of unsuitable or fraudulent investing, we can help you. Contact us today or give us a call at 561-338-0037 for a free consultation.

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Mar 19, 2023

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 stands for the Central Registration Depository. CRD 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. Investment Losses? Let’s Talk. or, give us a ring at 800-732-2889. 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...

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Mar 11, 2023

Como apresentar uma reclamação formal contra seu assessor financeiro

Ao contratar um consultor financeiro, você espera que o consultor aja no seu melhor interesse para evitar perdas desnecessárias. Infelizmente, porém, os assessores financeiros nem sempre estão à altura dessas expectativas. Em alguns casos, um consultor financeiro não segue as solicitações e diretrizes de um investidor ou se envolve em má conduta, causando prejuízos ao investidor. Quando isto acontece, o investidor pode apresentar uma reclamação oficial contra o consultor financeiro através da Autoridade Reguladora do Setor Financeiro (FINRA). Neste artigo, você aprenderá como apresentar uma reclamação contra um consultor financeiro para recuperar seus prejuízos.

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15 de dezembro de 2022

Anunciando o vencedor de 2022 - Robert Wayne Pearce Investor Fraud Awareness Scholarship

Como prometido, hoje anunciamos o vencedor da Bolsa de Estudo Robert Wayne Pearce Investor Fraud Awareness Scholarship 2022. Ao longo do ano, recebemos inscrições de mais de 75 alunos de 44 escolas de todo o país que escreveram ensaios de qualidade sobre o Robinhood App e se foi uma boa ferramenta para investidores novatos ou apenas um jogo para aproveitá-los. O vencedor da bolsa de estudos de 2.500 dólares é Alecia Ann Des Lauries, uma estudante do Alexandria Technical & Community College, localizado em Alexandria, Minnesota, que escreveu: O aplicativo Robinhood Investment é um querido entre Millennials e Generation Z. O painel é elegante e fácil de entender. É uma plataforma "simples" e "fácil" que "democratiza o investimento para todos". Qualquer pessoa pode comprar ações, EFTs e moedas criptográficas com apenas um apertar de botão. Não há taxas de comissão, e você pode começar a investir com apenas $1! O que não se deve gostar? Acontece, muito. Seu marketing manhoso e sua facilidade de uso disfarçam uma verdade feia: o aplicativo é uma das piores maneiras de começar a investir. Toda a plataforma é um jogo pouco velado que explora investidores de primeira viagem, o que representa mais da metade de sua base de usuários (Segal, 2021). Robinhood promove os freebies de forma agressiva. Novos clientes ganham ações gratuitas. Você pode ganhar mais ações gratuitas se indicar amigos para o aplicativo. Há freqüentes "sorteios" para moedas criptográficas e ações. Os influenciadores das mídias sociais seduzem novos usuários através de ofertas de ações gratuitas exclusivas. Uma vez cadastrado, o aplicativo o ajudará até mesmo a escolher seu primeiro estoque. Então, você pode se inscrever para seu cartão de débito, o "Cash Card", onde você pode ganhar bônus, mas por reinvestir em ações e criptografia somente em sua plataforma. Uma vez dentro, você é forçado a investir. Existem listas de ações "populares" e "com tendência". As widgets recomendam quais ações individuais e criptográficas comprar ou vender. Mensagens comemorativas e animações acionam quando você compra, vende ou atinge certos marcos. O desenho artístico brilhante e cartoonístico é divertido, mas desarmante. É fácil esquecer que você está negociando com dinheiro real e está assumindo riscos reais. Isso é intencional. É assim que Robinhood gera receita. Cerca de 70% (Curry, 2022) de sua receita vem do pagamento do fluxo de ordens, o que significa que recebe pagamentos ao encaminhar as negociações para os criadores de mercado. Quanto mais negócios ocorrem, mais receita o Robinhood recebe. Foi assim que a empresa arrecadou 331 milhões de dólares no primeiro trimestre de 2021 (Geron, 2021). O mais eloqüente é que a própria plataforma é simplista. Não há fundos mútuos ou renda fixa para investidores mais conservadores. Não há IRAs ou 401(k)s - um enorme desserviço para os 55% dos Millennials (Loudenback, 2019) e 90% da Geração Z (Koterbski, 2022) que não têm contas de aposentadoria. Robinhood não oferece forex ou futuros para investidores mais experientes, muito menos ações ou ETF screeners para investimentos intensivos em pesquisa. As ferramentas de pesquisa mais rudimentares estão por trás de um paywall, e mesmo assim, ele é insuficiente em comparação com os corretores concorrentes. Investidores mais experientes se reúnem rapidamente a outras corretoras que oferecem ferramentas mais robustas. Isso porque esses investidores não são o mercado-alvo de Robinhood. E a plataforma quer continuar assim. Os recursos educacionais, embora estejam melhorando, ainda são ridiculamente superficiais. Não há quase nada sobre gestão de risco; a maior parte do "risco" que você verá está em suas isenções de responsabilidade. Robinhood presta um serviço labial para ajudar a construir "riqueza para uma nova geração", enquanto equipa seus usuários com ferramentas inferiores e educação secundária. Não é de se admirar que muitos colunistas tenham criticado Robinhood por ser muito parecido com um cassino. E, como diz o ditado, a casa sempre vence! Agradecemos a todos os outros candidatos por seus esforços e anunciamos que a próxima bolsa de estudos a ser concedida em 15 de dezembro de 2023 será entregue ao aluno que escrever o ensaio mais atencioso sobre os Riscos de Investir no Mercado de Moedas Criptocópicas.

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2 de novembro de 2022

Estatuto de Limitações da FINRA: Uma visão geral completa

The FINRA Statute of Limitations applies to claims and disputes that arise under the rules, regulations, or statutes administered by FINRA. Investment brokers have a duty to treat their clients honesty and with integrity. Those who take advantage of, mislead, or steal from their clients shake the investing industry’s foundation. Regrettably, broker misconduct occurs all too often.  You need representation from a FINRA arbitration attorney who has the knowledge, skill, and extensive experience to help you recover your losses if you are a victim of investment broker misconduct. Robert Wayne Pearce and his staff with The Law Offices of Robert Wayne Pearce, P.A., have over 40 years of experience fighting on behalf of investors victimized by broker misconduct. Contact us today to protect your rights.  Key Takeaways Investment brokers have a duty to their clients to be honest and act with integrity. FINRA is a non-profit corporation that works with the Securities and Exchange Commission to protect investors from brokerage firms’ wrongdoing. You need representation from a FINRA arbitration attorney who has the knowledge, skill, and extensive experience to help you recover your losses if you are a victim of investment broker misconduct. Investors aggrieved by their broker must understand that they do not have six years to file a court claim – in many instances, state statutes of limitations are much shorter than FINRA’s arbitration eligibility time frame. Filing your claim as soon as possible is the best way to protect your legal rights – if you suspect that you lost money in the market because of broker fraud, negligence, or misconduct. What Is FINRA? FINRA is an acronym for Financial Industry Regulatory Authority. FINRA is a self-regulating organization or SRO. As an SRO, FINRA is a non-profit corporation that works with the Securities and Exchange Commission to protect investors from brokerage firms’ wrongdoing.  FINRA offers professional examinations that certify applicants as investment brokers. It also provides continuing education programs to investment professionals to promote fairness and transparency in the securities markets.  FINRA has the authority to make rules and regulations that govern broker-investor relationships. It takes action to discipline brokers guilty of misconduct. Additionally, FINRA educates investors about their investment goals, strategies, and safe investing. What is the FINRA Statute of Limitations? FINRA’s procedural rules indicate that investors have six (6) years to file a claim for arbitration with FINRA. The six-year period starts when the event that gives rise to the legal claim occurred. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. Note: FINRA will dismiss any claim that FINRA decides missed the eligibility deadline. The arbitration panel will rule on eligibility if the parties disagree on whether the eligibility period elapsed. Do not delay filing. Speak with a FINRA lawyer about any questions about your arbitration claim. FINRA tolls, or stops, the eligibility period if the parties file the case in court. Moreover, FINRA’s procedural rules state that courts will toll the statute of limitations when the case remains in FINRA’s jurisdiction. Why Does FINRA Have a Statute of Limitations? There are a number of reasons why FINRA imposes a statute of limitations on investor claims. The first is to ensure that evidence related to the claim can still be reasonably obtained. This ensures that investors don’t wait until it’s too late to pursue their claim, and also protects brokerages from false or fraudulent accusations brought years after the events in question. In addition, FINRA’s statute of limitations helps to protect the integrity and reliability of its arbitration process. By ensuring that claims are brought within a reasonable timeframe, FINRA is able to accurately and fairly assess all evidence related to an investor claim in order to render an informed decision on their case. FINRA offers arbitration and mediation services to investors who file a complaint against their broker or brokerage firm. The victimized investor must file their claim with FINRA’s arbitration board within a specified period of time. The investor contemplating pursuing a legal cause of action for their losses should be aware of other deadlines that affect their claim. FINRA Statute of Limitations Concerns FINRA’s arbitration eligibility rules are distinct from federal or state statutes of limitations. Investors aggrieved by their broker must understand that they do not have six years to file a court claim. In many instances, the statutes of limitations are much shorter than FINRA’s arbitration eligibility time frame. Section 10(b) of the Securities and Exchange Act of 1934 and its regulations grant investors the right to sue their broker or advisor for fraud or any other unfair practice. Section 10b and its regulations found at 17 C.F.R. 240.10b-5 have a two-year statute of limitations.  Under these rules, the two-year statute of limitations starts when the investor discovers the fraud or no more than five years after the alleged fraud occurred. The time when the investor discovered the fraud is essential to understand. Otherwise, you might unwittingly allow the statute of limitations to run out before having the chance to file your claim. The statute of limitations starts when the investor knew or should have known about the fraud.  You must understand your investments and how they work so you can uncover evidence of fraud as soon as possible. If you are unsure if you are the victim of fraud, you must contact a knowledgeable and reputable securities attorney to protect your rights and investment. State Statutes of Limitations Some states will allow you to file a lawsuit in state court for a violation of state law. Filing in state court might be the better option for an aggrieved investor. Statutes of limitations for state law claims could be as short as two years.  How Long Do I Have to File a Claim Against My Broker? Filing your claim as soon as possible is the best way to protect your legal rights. Simply because FINRA agreed to arbitrate a claim within six years does not mean you should wait six years to file. Instead, you should be...

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29 de março de 2022

Investindo em Produtos Estruturados

Os produtos estruturados são títulos derivados ou baseados em um único título, uma cesta de títulos, um índice, uma mercadoria, uma emissão de dívida e/ou uma moeda estrangeira.

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15 de dezembro de 2021

Anunciando o vencedor do 2021 - Robert Wayne Pearce Investor Fraud Awareness Scholarship

Como prometido, hoje anunciamos os vencedores da Bolsa de Estudo Robert Wayne Pearce Investor Fraud Awareness Scholarship 2021. Ao longo do ano, recebemos inscrições de mais de 30 alunos de escolas de todo o país que escreveram ensaios de qualidade sobre os perigos da fraude em investimentos e sobre como podemos nos proteger. Foi uma decisão difícil selecionar apenas um estudante vencedor e assim, além do grande prêmio de US$ 2.500, selecionamos 5 outros estudantes que estão recebendo prêmios de consolo de US$ 100 cada um por seus esforços e compartilhando suas idéias sobre fraudes em investimentos e como nos proteger. A vencedora da bolsa de $2500 é Karen Simpson, uma estudante do Palm Beach State College, que escreveu, entre outras coisas: A fraude em investimentos é um problema muito real e grave que acontece mais do que você pode imaginar. Mas não precisa afugentá-lo de investir seu dinheiro com medo de perdê-lo. Aprender sobre os diferentes tipos de fraude em investimentos e como se proteger de fraudes, antes de decidir investir, é extremamente importante! Você pode não só sofrer perdas financeiras, mas também sofrer com a identidade comprometida, crédito danificado e problemas emocionais, incluindo raiva, frustração e medo. *** O conhecimento é poder, e por isso também recomendo que você se instrua aprendendo sobre a natureza geral, mecânica e riscos de diferentes tipos de investimentos antes de começar a investir. Acho um excelente ponto de partida para me educar é Investopedia, www.investopedia.com. Você também pode encontrar informações financeiras específicas, incluindo relatórios anuais, prospectos e circulares de oferta sobre empresas recomendadas para comparar o que lhe foi dito sobre um investimento recomendado, pesquisando o site Edgar da Comissão de Valores Mobiliários e Câmbio dos EUA para obter informações, www.sec.gov/edgar/search-and-access. *** A maneira mais fácil de se proteger é usar o bom senso, procurar as bandeiras vermelhas e fazer perguntas. Siga uma rígida lista de verificação de "fazer e não fazer", se parecer bom demais para ser verdade, na maioria dos casos, é. Se você notar alguma bandeira vermelha sobre um investimento, evite-a, assim como a pessoa que faz a recomendação. Aquele tom de "Alto Retorno Garantido" que eles adoram dar, não acredite nisso. Todo investimento carrega algum grau de risco, o que geralmente se reflete na taxa de retorno que lhe é prometida. Quanto maior o retorno, maior é o risco! Os vencedores dos prêmios de consolação de 100 dólares são os seguintes: Índia Bartram da Universidade de Syracuse, Syracuse, New York Jacob Paul da Universidade de Villanova -Charles Widger School of Law, Villanova, Pennsylvania Kylie Fay da Universidade do Alabama do Sul, Mobile, Alabama Natalia Capella da Universidade do Tennessee, Knoxville, Tennessee Rafael Whalen de John Paul A Grande Escola Católica, Escondido, Califórnia Agradecemos a todos os outros candidatos também por seus esforços, e anunciamos que a próxima bolsa de estudos a ser concedida em 15 de dezembro de 2022 será entregue ao estudante que escrever o ensaio mais atencioso sobre se eles acreditam na Robinhood Markets, Inc. ("Robinhood") Investment App é uma boa ferramenta para investidores novatos ou apenas um jogo para tirar proveito deles e ganhar dinheiro para a corretora de ações. Estamos interessados em saber se você acha que a plataforma Robinhood está fazendo jus à lenda da Robinhood, que tirou dos ricos e deu para os pobres!

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9 de julho de 2021

Compra e Venda Excessiva de Títulos para Gerar Comissões é chamada de "Churning" - Está Acontecendo com Você?

Muitas pessoas perguntam com freqüência: A agitação é ilegal? A resposta é sim. Os regulamentos SEC e as regras FINRA proíbem a prática de fazer compras ou vendas excessivas de títulos em contas de investidores com o objetivo principal de gerar comissões, conhecidas como churrasco. Apesar da ilegalidade da churrascagem, FINRA apresentou 190 ações de arbitragem para o ano de 2020 até o final de dezembro contra corretores acusados da prática. Se você sofreu perdas em sua conta de investimento como resultado de negociação excessiva, entre em contato com um advogado de fraude de churning para determinar se você tem o direito de recuperar a compensação. O que é Churning in Finance? A churning, também conhecida como negociação excessiva, assume um novo significado na indústria financeira que não tem nada a ver com manteiga. Negociações excessivas ocorrem quando um corretor faz múltiplas negociações na conta de investimento de um cliente com o objetivo principal de gerar altas comissões. A quebra muitas vezes resulta em perdas significativas para os investidores. O Regulamento da SEC Best Interest, ou Reg BI, estabelece um padrão de conduta para os corretores e seus funcionários quando recomendam investimentos a clientes de varejo. O Reg BI exige que os corretores atuem no melhor interesse do cliente e não coloquem seus próprios interesses à frente dos do investidor. O Churning quase nunca é do melhor interesse do investidor - mesmo aqueles com estratégias comerciais agressivas. Sinais de que seu assessor está sendo pressionado em sua conta de investimento A mobilização de ações leva a perdas substanciais para o investidor, especialmente em situações em que elas duram um longo período de tempo. Muitas vezes, os investidores não reconhecem os indicadores de que seu corretor cometeu o crime de negociação excessiva até que seja tarde demais. Há uma série de sinais de cautela a serem observados quando você teme que seu consultor financeiro esteja negociando excessivamente em sua conta. Negociações não autorizadas O comércio não autorizado ocorre quando um corretor negocia títulos em sua conta de investimento sem receber autorização prévia. Se você tiver uma conta de investimento discricionária, seu consultor financeiro tem autorização para fazer negócios em sua conta sem buscar sua aprovação para cada transação; entretanto, seu corretor ainda está vinculado ao padrão de melhor interesse. Negociações excessivas podem ser mais difíceis de serem detectadas com uma conta discricionária. Numerosas negociações não autorizadas que aparecem no extrato de sua conta são motivo de preocupação. Para reconhecer essas transações, você deve rever seu extrato de conta mensalmente e verificar as informações fornecidas. Se você observar negociações não autorizadas em seu extrato de conta, notifique imediatamente seu corretor e corretora de corretagem. Volume de negócios anormalmente alto Um alto volume de atividade comercial em um curto período de tempo pode significar agitação, especialmente para investidores que buscam uma estratégia de investimento conservadora. Preste atenção especial às transações que envolvem a compra e venda dos mesmos títulos, repetidamente. O advogado Robert Pearce tem mais de 40 anos de experiência representando clientes cuja má conduta de corretores causou perdas financeiras. A vasta experiência do Sr. Pearce lhe permite reconhecer imediatamente indicadores de agitação e provar a quantidade de danos sofridos como resultado da má conduta de seu corretor. Taxas de comissão excessivas Taxas de comissão anormalmente altas que aparecem no extrato de sua conta é outro indício de negociação excessiva. Se as taxas de comissão saltarem significativamente de um mês para o outro, ou se um segmento de sua carteira de investimentos gerar consistentemente comissões mais altas do que qualquer outro segmento, há uma chance de que seu corretor esteja agitando sua conta. Os extratos de conta normalmente não incluem os valores das taxas cobradas para cada transação individual. Portanto, não hesite em entrar em contato com seu corretor-dealer para solicitar uma explicação sobre as comissões cobradas em sua conta. Se você achar que estão sendo cobradas taxas excessivas em suas contas de investimento, entre em contato com os escritórios de advocacia de Robert Wayne Pearce, P.A., para discutir suas opções. Entre em contato hoje com nosso escritório para uma Consulta Gratuita A cobrança de comissões no setor financeiro pode resultar em sanções monetárias e até mesmo a desqualificação do setor financeiro em casos extremos. A prática envolve a manipulação e o engano dos investidores que confiam a seus corretores para agirem no seu melhor interesse, garantindo uma punição severa. Robert Wayne Pearce já tratou de dezenas de casos de churrasco e pode fornecer uma revisão completa de seus extratos de conta para determinar se houve negociação excessiva. Além disso, os escritórios de advocacia de Robert Wayne Pearce, P.A., empregam especialistas que podem realizar uma análise de churning da atividade comercial em sua conta para estabelecer provas concretas de que a prática ocorreu. Temos a experiência, o conhecimento e o compromisso de obter os danos que você merece. Entre em contato com nosso escritório hoje para uma avaliação gratuita do caso.

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9 de julho de 2021

FINRA Conhece a Regra do Cliente e a Adequação ao Investimento - Como se aplica a você?

FINRA regulates the conduct of brokers in the securities industry to protect investors from suffering losses due to financial advisor misconduct. The agency formulates rules to outline the behavior expected of broker-dealers and financial advisors when dealing with their investment clients. Nevertheless, FINRA receives thousands of customer complaints every year alleging violations of FINRA Rules. FINRA Rule 2090, the Know Your Customer (KYC) rule, and FINRA Rule 2111, the suitability rule, mandate minimum knowledge requirements for brokers when making investment recommendations and commonly appear in these customer complaints.  If you suffered investment losses due to unsuitable investment recommendations, The Law Offices of Robert Wayne Pearce, P.A., can help you determine if your broker violated one of these rules. Contact our office today for a free consultation. FINRA Rule 2090: Know Your Customer Rule FINRA Rule 2090, or the Know Your Client rule, requires financial advisors to know the “essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer” when opening and maintaining a client investment account. The “essential facts” described in the rule include details that are required to: Service the account effectively; Satisfy any special handling instructions for the account; Understand the authority of anyone acting on the customer’s behalf; and Comply with applicable laws, regulations, and rules. The KYC rule protects clients from investment losses by requiring their financial advisor to learn detailed information about their personal financial circumstances. The rule protects financial advisors by outlining the essential information about customers at the outset of the relationship, prior to any recommendations. Additionally, the financial adviser receives notification of any third parties authorized to act on the customer’s behalf. The Know Your Client rule acts in tandem with the suitability rule, FINRA Rule 2111. The information learned by financial advisors through the KYC requirement factors into the analysis of whether an investment recommendation is suitable.  FINRA Rule 2111: Suitability Alleged violation of investment suitability requirements resulted in 1,220 customer complaints filed with FINRA in 2020 alone, down from 1,580 complaints in 2019. The suitability rule requires financial advisors to have a “reasonable basis” to believe that a recommended transaction or investment strategy is suitable for the customer. A financial advisor determines the suitability of a transaction or investment strategy through ascertaining the customer’s investment profile. Factors involved in a suitability analysis include the customer’s: Age, Investment experience, Financial situation, Tax status, Investment goals, Investment time horizon, Liquidity needs, and Risk tolerance. Numerous cases interpret the FINRA suitability rule as requiring financial advisors to make recommendations that are in the best interest of their customers. FINRA outlines situation where financial advisors have violated the suitability rule by placing their interests above the interests of their client, including: A broker who recommends one product over another to receive larger commissions; Financial advisors who recommend that clients use margin to purchase a larger number of securities to increase commissions; and Brokers who recommend speculative securities with high commissions because of pressure from their firm to sell the securities. Any indication that a financial advisor has placed his or her interests ahead of the client’s interest can support a claim for a violation of the suitability rule. Rule 2111 consists of three primary obligations: (1) reasonable basis suitability, (2) customer-specific suitability, and (3) quantitative suitability. Reasonable Basis Suitability Reasonable basis suitability requires a financial advisor to have a reasonable basis to believe, based on reasonable diligence, that a recommendation is suitable for the public at large. A financial advisor’s reasonable diligence should provide him or her with an understanding of risks and rewards associated with the recommended investment or strategy. A failure to comprehend the risks and rewards associated with a particular investment prior to recommending the investment to a client can result in allegations of misrepresentation or fraud. If a broker fails to perform reasonable diligence regarding either component, the financial advisor violates this obligation. Customer-Specific Suitability Customer-specific suitability involves considering the specific details about an individual customer to determine if a transaction or investment strategy is suitable. The financial advisor reviews the details outlined above to determine the suitability of a particular transaction or strategy for each customer. Quantitative Suitability The quantitative suitability element requires financial advisors to recommend transactions that are suitable when viewed as a whole, not only when viewed in isolation. This element aims to prevent financial advisors from making excessive trades in a client’s account solely for the purpose of generating commission fees. Factors such as turnover rate, cost-equity ratio, and use of in-and-out trading indicate that the quantitative suitability obligation was violated. What Constitutes “Reasonable Diligence”  FINRA’s suitability rule requires brokers to exercise “reasonable diligence” in attempting to obtain customer-specific information. The reasonableness of a financial advisor’s effort to obtain such information will depend on the facts and circumstances of each investment relationship. A financial advisor typically relies on the responses provided by the customer in compiling information relevant to the customer’s investment profile. Some situations may prevent a broker from relying exclusively on a customer’s responses, including times when: A financial advisor poses misleading or confusing questions to a degree that the information-gathering process is tainted; The customer exhibits clear signs of diminished capacity; or Red flags exist that indicate the information may be inaccurate. Additionally, the suitability rule requires brokers to consider any other information provided by the customer in connection with investment recommendations.  Hiring an Investment Loss Attorney Violation of FINRA Rules 2090 and 2111 result in significant financial losses for investors every year. If you suffered losses because of unsuitable investment recommendations, you have the right to seek compensation from the parties responsible for your losses.  Cases against brokers and registered investment advisors can be complex for attorneys without experience in securities law.  Robert Wayne Pearce has over 40 years of experience representing investors in disputes against financial advisors and broker dealers. Mr. Pearce has tried, arbitrated, and mediated hundreds of investment-related disputes involving complex securities and FINRA rule violations. In fact, Mr. Pearce serves...

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15 de dezembro de 2020

LPL Financial LLC Sued For Scott Lanza's Sales Of REITs And BDCs

LPL Financial LLC ("LPL") é uma empresa de corretagem de títulos com escritórios em Boca Raton, Flórida e outros lugares. É regulamentada pela Autoridade Reguladora da Indústria Financeira ("FINRA"). A LPL ofereceu e vendeu aos Demandantes os investimentos em questão nesta arbitragem, ou seja, os Fideicomissos de Investimento Imobiliário não negociados e as Empresas de Desenvolvimento de Negócios através da Scott Lanza ("Sr. Lanza") uma pessoa física registrada na FINRA como "Membro Associado" da LPL. A firma de corretagem LPL foi processada porque é responsável vicariamente pelos atos, omissões e outras faltas descritas mais detalhadamente neste documento.

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