Broker Registration Violation

Under both federal and state laws, individuals and entities must be registered with Securities and Exchange Commission and the applicable state agency to sell securities.  Each state has their own unique laws regarding registration, and in some instances, persons that charge fees to give financial or investment advice must be registered to do so legally.  Additionally, some states also have licensing registration requirements for individuals engaged in the sale of annuities, insurance, or any other investment vehicle. 

Finding Fraud Through Broker Registration Violation

If an investor engages in business with an entity or individual that is not properly licensed and registered, legal claims can be made on the grounds of registration violations.  Typically, stockbrokers, brokerage firms, and other financial professionals that are not properly registered can be held liable for all losses incurred by an investor, including interest on these funds and legal costs incurred to recover the money.  Any firm selling registered securities to the public must register with FINRA, or the Financial Industry Regulatory Authority, as well as any employee working as part of the firm’s sales process.  If you were sold any financial investment instrument, including mutual funds, options, bonds, stocks, annuities, insurance, or essentially any arrangement to earn profit, the seller of these arrangements must have been registered.  If the entity was not registered, you have a legal right to recoup your entire original investment, recover interest, recover collections costs, and recover legal costs to resolve your claim.

Getting Legal Help

If you feel you have suffered financial losses due to in part to registration violations, contact a securities fraud attorney right away to begin the process of recovering your entire original investment as well as other damages.  

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