Posts belonging to Category Stockbroker Standards of Conduct
Posted by Page PerryonMarch 3, 2011
The SEC defines “churning” as “the excessive buying and selling of securities in your account by your broker, for the purpose of generating commissions and without regard to your investment objectives.” If your broker has been aggressively trading your account (or urging you to trade your account) directing a high volume of trades that make […]
Categories: Brokerage Firms, Churning, Common Securities Broker Abuses, Elder Abuses, Exchange-Traded Funds (ETFs), Investment Advisers, Investment Malpractice, Mutual Funds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Stockbroker Standards of Conduct, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonFebruary 17, 2011
Just before the holidays, in a “little-noticed” decision, New York’s Appellate Division, First Department overturned a long-standing legal doctrine called “Martin Act Preemption,” and expanded investor protection according to a Law360 article entitled “Preemption And The Martin Act.”
Categories: Brokerage Firms, Investment Advisers, Investment Malpractice, Investor Rights, Securities/Commodities Arbitration, Securities/Commodities Litigation, Stockbroker Standards of Conduct, Structured Notes
Posted by Page PerryonFebruary 15, 2011
With the rise of consumerism, most Americans take for granted the right to sue doctors, lawyers and other professionals for malpractice. But there is one form of professional malpractice that most people, including trial lawyers, are not familiar with. Stockbrokers, investment advisers, money managers and chartered financial analysts, among others, are financial professionals who are […]
Categories: A General Overview, Brokerage Firms, Common Securities Broker Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Rights, Misrepresentation/Omission, Securities/Commodities Arbitration, Securities/Commodities Litigation, Stockbroker Standards of Conduct, Unsuitable Recommendations
Posted by Page PerryonFebruary 15, 2011
Brokerage firms are worried about a new FINRA Rule that would require them to report misconduct to FINRA in situations where the misconduct “has widespread or potential widespread impact” (FINRA’s words) and the firm has concluded or reasonably should have concluded on its own that violative conduct has occurred” (FINRA’s words). See Dan Jamieson’s InvestmentNews […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Financial Industry Whistleblowers, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation, Stockbroker Standards of Conduct
Posted by Page PerryonJanuary 27, 2011
The Securities and Exchange Commission recently recommended that stockbrokers be required to put the interest of their clients in front of the stockbroker’s bottom line. However, stockbrokers are not the only advisors who put themselves first, according to an article by Anna Maria Andriotis of SmartMoney.com. Advisors from all different spectrums have incentives in selling […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Insurance Products, Investment Advisers, Investment Malpractice, Securities/Commodities Arbitration, Securities/Commodities Litigation, Stockbroker Standards of Conduct, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJanuary 19, 2011
InvestmentNews has published an article expressing its strong support for a rule that requires brokers and investment advisers alike to adhere to the highest fiduciary standard of conduct: “In the name of investor protection, we urge the Securities and Exchange Commission to exercise its rulemaking authority to require brokers to act in their clients’ undivided […]
Categories: Brokerage Firms, Investment Advisers, Investment Malpractice, Investor Rights, Market Developments, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Stockbroker Standards of Conduct