December 2014: Supervisory Failures and Working With Unregistered Persons FINRA found that foreign individuals associated with Monex's parent company earned transaction-related compensation for referring non-US customers to set up accounts at the firm and transmitting orders for those accounts. ... ...

Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represents UIT investors throughout the US who have suffered significant losses caused by broker negligence or misconduct , including a broker-dealer’s failure to properly supervise its financial advisors.

A failure to properly disclose material information can cause an investor to buy a security or agree to an investing strategy that, unbeknownst to them, is too high-risk for their investment portfolio. ... Unsuitability may also refer to: Excessive trading ...

The arrangement constituted a “firm-wide failure” in Morgan Stanley’s disclosure practices, according to the SEC’s director division of enforcement, adding that Morgan Stanley’s “conduct here clearly crossed the line.” ... Morgan Stanley Fined Over “Choice” Accounts The FINRA fined Morgan ...

Unfortunately, failure to supervise can make it easy for broker misconduct and negligence to occur, both of which may lead to investment losses for customers. ... These losses were possibly due to unsuitability , breach of fiduciary duty , misrepresentations ...

Examples of Failure to Supervise There are many instances where an investor can file a failure to supervise a claim against a broker or their firm. ... In a particular example of failure to supervise, a broker churned a client's ...

The firm hired Fagenson after he had already been fired by UBS Financial Services, where while under heightened supervision, he allegedly violated that firm’s trading policies. ... Recent Regulatory Filings Involving Newbridge Securities 2019 : FINRA censured and fined Newbridge ...

We work with investors in the United States and abroad with claims against US-based firms in cases alleging unsuitability, churning, unauthorized trading, misrepresentations and omissions, failure to supervise, and other types of securities fraud.

FINRA Sanctions Titan Securities for Supervisory Failures In June 2021, the Financial Industry Regulatory Authority (FINRA)’s National Adjudicatory Council made the decision to suspend Titan Securities owner and CEO Brad Brooks for a year. The sanction was over Titan Securities' ...

Its branch offices are primarily one and two-person establishments where registered representatives are supervised remotely, which means there is no supervisor onsite. ... Recent Regulatory Claims Involving Centaurus Financial Some of the recent regulatory claims involving the broker-dealer Centaurus Financial ...