Mr. Forman's response is correct. The brokerage firm is required to prevent such occurrences and has policies in place to ensure that this does not...

I would concur with the previous 2 posts. In my opinion, advisers offering 12% return with 100% guarantee of principal are unlikely legitimate. ...

Is it legal for a financial adviser to be a fiduciary and non-fiduciary to the same client at the same time?

Your assessment is correct given the nature of the relationship as you state and accounting for your parents age and reliance on their advisor. The...

I agree with the comments by the above attorneys. Your options with regard to where to file any action would depend on whether your advisor is...

Licensing approval is done on a state by state basis. However, all states consider disciplinary history in its determination.

Can I become an RIA in California if I have a Books and Records violation on my U5?

Your chances of success in seeking an expungement would be for a FINRA arbitration panel to determine. Because the underlying case was settled,...

Because the damages appear to be less than $50,000, you may want to consider filing a simplified arbitration claim with FINRA in order to avoid the...

Advice below is correct. I have not heard of situations which have a deadline for account transfer. This situation may require you consult with...

Can someone request a transcript of a private conversation that they were not a part of?

From your inquiry it is difficult to tell what led up to the mediation. Therefore it is difficult to advise as to what obligations you have with...

The recommendations of the need to hire an attorney with experience in the securities field are good ones. There are a number of questions that...