Minnesota Securities Account Mismanagement Attorney
Minnesota 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 mismanage securities and other investment accounts and engage in all sorts of misconduct which violates Federal and Minnesota securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.
For example, Lance Ziesemer of Waconia, Minnesota submitted an AWC to FINRA for allegedly implementing a trading strategy and making unsuitable recommendations to two customers in connection with Unit Investment Trusts (UITs). Between January 2011 and December 2012, Mr. Ziesemer allegedly recommended that two customers repeatedly sell UITs that they had held for a short time only to repurchase different UITs. According to FINRA, customers, following Mr. Ziesemers recommendations made 36 short-term UIT switches. UITs are not designed to be used as trading vehicles and typically carry significant upfront charges making short term trading generally improper. These short-term UIT transactions resulted in approximately $160,000 in combined net losses for the two Feltl customers. Additionally, Mr. Ziesemer received $38,889 in commissions for the alleged unsuitable UIT recommendations. This alleged conduct is a violation of NASD Conduct Rule 2310, FINRA Rule 2111, and FINRA Rule 2010. Without admitting or denying the FINRA allegations, Mr. Ziesemer agreed to the sanctions and was suspended from association with any FINRA member for three months and ordered to pay a $7,500 fine.Experienced Lawyers For Securities Account Mismanagement Claims In FINRA Arbitrations Throughout Minnesota and Nationwide
Are you a Minnesota investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Minnesota stockbroker or investment advisor obtain discretionary authority or just take control of and mismanage your investment account? If so, you will need to have representation from an experienced, highly rated and nationally recognized FINRA arbitration securities law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases involving mismanagement of accounts and other complex legal issues.
By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience handling securities account mismanagement claims by practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle securities account and other investment mismanagement cases—he aggressively represents investors and one of the best attorneys to recover your investment losses for mismanagement of your account and all types of stockbroker misconduct in FINRA arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors not only in securities account mismanagement cases but 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 Minnesota, 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 securities account and other investment account mismanagement cases but 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 all kinds of securities law and investment disputes in FINRA arbitrations serving Minnesota citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.