When a financial professional parts ways with a broker-dealer, the details of their departure are meticulously recorded on Form U4 and subsequently reflected on FINRA’s BrokerCheck. The language used in this documentation isn’t just procedural—it can significantly influence future employment opportunities within the industry. For registered representatives, understanding the impact of these records and ensuring […]
Understanding Margin Accounts If you’ve ever delved into the world of trading or investing, you might have heard the term “margin call.” The term may seem scary, but knowing its meaning is important for handling investments and avoiding problems. Let’s break down what a margin call is, how it works, and why it’s important. To […]
When you invest money, you trust financial professionals to handle your affairs responsibly. This trust is based on something called a “fiduciary duty.” This means that these advisors must always put your best interests first. The term “fiduciary duty” is often discussed by lawyers who focus on financial matters. It involves both ethical and legal […]
Understanding Stockbroker Negligence and FINRA Arbitration Claims Investing in the stock market carries risks. If a stockbroker is negligent, investors can take legal action to recover their losses. But what exactly constitutes stockbroker negligence, and when can you bring a FINRA arbitration claim? Defining Stockbroker Negligence Stockbroker negligence happens when a broker does not do […]
Investors place a great deal of trust in their financial advisors, expecting them to manage accounts responsibly and in their best interest. However, a recent case involving Stewart “Paxton” Ginn, a veteran broker in California, underscores the importance of vigilance in monitoring investment activities. According to a complaint filed on October 17 by the Financial […]