March 17, 2017 Comments (0) Current Investigations

Paul D. Stanley Barred from Securities Industry

Patrick Churchville
(Last Updated On: March 17, 2017)

Concerned about investment losses with Paul D. Stanley?

Have you suffered losses investing with Paul D. Stanley? If so, The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that he was employed with.

According to FINRA, Paul D. Stanley, former Waddell & Reed Inc. broker has been permanently barred from the securities industry. Stanley failed to appear for testimony as requested by FINRA.

Stanley was discharged from Waddell & Reed Inc. in Edmond, OK in January 2016 for allegedly violating the firm’s professional conduct, supervisory and compensation policies.

According to his FINRA BrokerCheck profile, Stanley began his career in the securities industry in 1998. He has been registered with eight different firms prior to his employment with Waddell & Reed in 2013.

Failure to Supervise

Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses.

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

If you suffered losses investing with Paul D. Stanley, the attorneys at The White Law Group may be able to help you. For a free consultation, please call (888) 637-5510

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on the The White Law Group, please visit www.whitesecuritieslaw.com.