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October 9, 2019
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Blog, Securities Fraud
Does a financial advisor have to factor in taxes when making a recommendation? Before recommending an investment, financial advisors are required by FINRA Rule 2111 to ensure that the recommendation is suitable for that customer based on several important factors including tax status. The tax implications of the
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January 4, 2012
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Blog, Securities Fraud
One of the main claims in any securities fraud case has to do with suitability (i.e. were the investments recommended to the customer appropriate in light of the customer’s age, investment experience, investment objectives, etc.). The following is a brief breakdown of the FINRA Rules applicable to suitability. FINRA
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January 21, 2011
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Blog, Securities Fraud
Private Placements have become a hot button issue for FINRA regulators and securities attorneys representing investors. The number of private placement cases has spiked considerably over the past few years in large part because of the sizable commissions brokerage firms generate from selling private placements. We
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March 2, 2010
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Blog, Securities Fraud
2010. Standards of Commercial Honor and Principles of Trade A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade. 2020. Use of Manipulative, Deceptive or Other Fraudulent Devices No member shall effect any transaction in, or induce the
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