California Securities Account Churning Attorney
California 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 excessively trade or churn customer accounts to generate commissions and engage in all kinds of stockbroker misconduct which violates Federal and California securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.
For example, Kelly Althar of San Pablo, California submitted an offer of settlement to the Financial Industry Regulatory Authority (FINRA) for allegedly making unsuitable and excessive trades in an elderly customer’s accounts. FINRA’s investigation found Mr. Althar was responsible for two accounts held by an elderly customer’s and by exercising de facto control, executed frequent trades of the same security in his customer’s account in order to generate commissions. FINRA found that Mr. Alther generated approximately $91,000 in commissions from his excessive IRA trades and an additional $48,000 in commissions in his customers individual. FINRA alleges these trades were not suitable for customers who wanted low-risk investments and ultimately suffered extensive losses in the value of their accounts which dropped by more than 50%.Experienced Lawyers Who Handle Securities Churning Claims In FINRA Arbitrations Throughout California and Nationwide
Are you a California investor who has suffered significant losses in your stock brokerage and investment accounts? Did your California stockbroker or investment advisor excessively trade or churn or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA arbitration securities churning law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.
By hiring a top rated 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 one of the best lawyers to recover your investment losses for excessively trading or churning customer accounts to generate commissions 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 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. Attorney Pearce and his staff represent investors throughout California, 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 churning 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 in churning cases and all kinds of securities law and investment disputes serving California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.