- Ingrid Evans speaks on Protecting Yourself From Elder Financial Abuse with Deputy District Attorney Jackie Lacy on KFWB Radio.
Securities and Stockbroker Fraud, and FINRA/NASD Arbitrations
Investment managers, financial advisors, stockbrokers – whatever the title, they are all trusted professionals in the financial services industry. Overseeing their conduct is the Financial Industry Regulatory Agency (FINRA, formerly the NASD). Regulatory rules require that a brokerage firm or associated person “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile.” (FINRA Rule 2111)
Unfortunately, not all financial professionals play by the rules. Senior citizens are often the victims of securities fraud because they believe an investment adviser has their best interests at heart. While many do, there are those who focus more on the fees to be made from the client rather than on suggesting appropriate investments.The Evans Law Firm handles FINRA securities arbitrations on behalf of senior citizens that have been the victims of abusive and fraudulent sales of securities, including the sale of variable annuities.
Fraudulent investor practices and claims usually involve the following practices:
- unsuitable recommendations or inappropriate or fraudulent investment advice;
- churning or over-trading;
- misrepresentation and/or omissions;
- failure to diversify and over-concentration;
- financial abuse of elders through the sale of unsuitable variable and other deferred annuities;
- failure to give appropriate advice with respect to employee stock options;
- pension fund fraud; and/or
- mismanagement (negligence or failure to act in accordance with the standard of care), negligent supervision by brokerage firms, and brokerage malpractice.
For Additional Information on FINRA/NASD Securities Arbitration Cases or to determine if you have a potential case, e-mail info@evanslaw.com or Call 415-441-8669.
As the arbitrations and litigation started by the Evans Law Firm demonstrate, it is very important to periodically check your investment portfolio and make sure that your finances are in order, confirming that you get independent advice, and that you do not find anything suspicious. If you have experienced a loss of income or savings from bad investments and the stock market, you may have recourse for a lawsuit or arbitration.
Contact us for a free and confidential consultation at 888-503-8267 or 415-441-8669 or info@evanslaw.com
CONTACT
MAILING ADDRESS
INGRID M. EVANSTHE EVANS LAW FIRM
3053 Filmore Street
Suite 236
San Francisco, CA 94123
Phone: 888-503-8267
Fax: 888-891-4906
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