No Recovery, No Fee

424-835-5733 | 310-525-3516

You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

What is FINRA?

If you are among the many California investors who has concerns about the safety of the investments you make, you may take comfort in knowing there is an agency looking out for your well-being. The Financial Industry Regulatory Authority, Inc., works to protect you through education, discipline and enforcement.

By overseeing those who work in the investment industry, FINRA's mission is to uphold the integrity of the market so you will have confidence in your transactions. However, even the presence and activity of FINRA does not mean certain brokers will refrain from taking advantage of you or mismanaging your investments.

Agents working to protect you

FINRA agents take an active role in broker compliance. Through FINRA, brokers obtain their licenses and maintain their certification through on-going training and testing. FINRA also monitors broker advertising and websites for improprieties, and their agents investigate any complaints you and other investors make against particular brokers. Through use of technology and expertise, FINRA responds to wrongdoing such as:

  • Unsuitable trading
  • Theft
  • Unreasonable costs and markups
  • Insider trading
  • Fraud

When brokers misuse their knowledge and positions to take advantage of vulnerable investors — particularly the elderly or those with little investment experience — FINRA works to bring those brokers to justice by imposing sanctions such as fines, suspensions or revocation of their brokerage privileges. In some cases, FINRA may refer the matter to law enforcement for criminal charges. In fact, in the past year, FINRA notified the U.S. Securities and Exchange Commission of over 785 instances of illegal activity, including insider trading and fraud.

Who is on your side?

While 785 cases of broker misconduct may seem like a large number, it may help if you put it into perspective. There are billions of investment transactions every day, and most of them happen at the hands of truthful and qualified brokers. Most often, conflicts or disagreements between an investor and broker can be resolved through FINRA's dispute resolution forum.

Nevertheless, if something goes wrong, and you suspect your broker has acted improperly with your money, you have every right to file a complaint. Your case may end up before a FINRA arbitration panel. If this happens, you would benefit from the advice of an attorney who will represent your best interests. On the other hand, there may be more expeditious ways to reclaim the loss of your investments through unscrupulous broker actions. An attorney can guide you in the best ways to seek justice.

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The Law Offices of Marc I. Zussman
433 N. Camden Drive
Suite 730 
Beverly Hills, CA 90210       
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