Explaining the term “rescission” with an example of rescission offers with a non-traded REIT. ... Watch Video What is unauthorized trading? Unauthorized Trading, Broker Fraud and Investment Loss Watch Video Where will a FINRA securities arbitration take place?

Risky Investments: Investing a conservative senior's funds in risky investments, such as private placements, nontraded real estate investment trusts (nontraded REITs), exchange-traded funds (ETFs), business development companies (BDCs), structured products, oil and gas investments, collateralized loan obligations (CLOs), or collateralized ...

Yet securities fraud and investment advisor fraud happen all the time and may include: Misrepresentations and omissions Unsuitable investment recommendations and sales Overconcentration Excessive trading in a customer’s account, also known as churning Unauthorized trading Failure to execute trades Registration ...

For many investors, trading in this way is far too risky and unsuitable. ... Churning Churning occurs when a broker engages in excessive trading in an account. ... Unauthorized Trading Before placing an order to buy or sell securities for ...

August 2017: FINRA fined the brokerage firm $100K for allegedly failing to supervise the sale of inverse and leveraged exchange-traded funds. ... The FINRA arbitration claims allege unsuitability, unauthorized trading, breach of fiduciary duty, negligence, and broker fraud.

Video Summary: Unauthorized Trading, Broker Fraud and Investment Loss Video Transcript: Unless a financial advisor or stockbroker has discretionary authority to handle your account he or she is not allowed to make any transactions in your account without your commission. ...

BofA Securities, which is Bank of America’s multinational investment banking division, offers services related to mergers, acquisitions, lending, equity and debt capital markets, risk management, trading, liquidity and payments management, and research. ... It also runs the electronic trading platform, ...

Churning which involves making too many trades in an account so that the broker can keep earning commissions. Engaging in trades or buying investments without the customer’s knowledge or approval. This is a practice known as unauthorized trading . ... ...

Customer Disputes Involving Turley According to BrokerCheck: July 2021: This investor is requesting $18M in damages for allegedly unsuitable trading and exercise of discretion between 2018 and 2020. September 2020: Also alleging unsuitable trading and exercise of discretion these customers ...

Some of the allegations may include: Unsuitability Misrepresentations and omissions Churning Selling away Overconcentration Failure to supervise Negligence Margin account Broker fraud Unauthorized trading Breach of fiduciary duty Why Do You Need Your Own Securities Lawyer?