Broker-dealers have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. It is unlawful for an advisor to make trades in a customer’s account without their prior authorization, unless the advisor has a written agreement to do so with the customer.
When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. Our firm represents investors throughout the U.S. in all 50 states.
If you feel you have lost money due to your advisor or broker-dealer, call our office today to discuss your legal options. Our consultations are always free, and we take cases on a contingent fee basis—this means you don’t pay us until we resolve your case.
Cetera Financial Specialists Settles with FINRA Regarding Failure to Supervise Alex P. Anderson We are currently investigating allegations made against Cetera Financial Specialists, ...
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