Silver Law Group is a securities arbitration and investment fraud law firm located in Coral Springs, Florida that serves clients nationwide. Practice areas include FINRA arbitration, securities and investment fraud, stockbroker misconduct, Ponzi schemes, class actions, oil and gas fraud, SEC whistleblower claims, and more.
The Financial Industry Regulatory Authority (FINRA) is a non-governmental agency authorized by Congress to protect America’s investors from securities fraud and investment fraud by enforcing high ethical standards, regulations, and market integrity in the broker-dealer industry. Broker conduct prohibited by FINRA includes but is not limited to:
Unsuitability: Financial professionals are required to make investment recommendations that are suitable for a client’s individual financial situation and goals.
Churning: It is forbidden for brokers buy and sell securities for the primary purpose of generating commission.
Unauthorized Trading: Buying or selling investments without permission.
Breach of Fiduciary Duty: Any action by a trusted financial professional that is contrary to the best interests of the client is prohibited by FINRA and the Securities and Exchange Commission (SEC).
Failure to Supervise: Financial firms are responsible for overseeing the actions of their representatives. If a firm fails to properly supervise its employees, it can be held liable along with the individual broker or advisor.