Protecting your rights.

Learn about how to protect your rights as an investor. 


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Charles Schwab Stock Losses

The Charles Schwab Corporation was founded in 1971. Originally, the company was named First Commander Corporation. Two years into its existence, the company changed its name to the one it currently has: the Charles Schwab Corporation. This name came from the founder and principle stockholder of the company at the time, Charles R. Schwab. 


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5 Reasons Investors Should Think Twice About Owning Bond Funds

Kyros Law Offices represents investors that have suffered losses due to broker misconduct. Beyond helping investors recover from investment losses, Kyros Law Offices also tries to warn investors of potential harm before it occurs. One area for potential investment losses involves bond fund investments. Here are five reasons why investors should think twice about owning bond funds:

 

1.     Interest rate risk

2.     Credit risk

3.     Redemption risk

4.     Ongoing management fees

5.     Uncertainty regarding what bonds or debt the fund owns.

 

If you have suffered losses of $100,000 or more in your bond fund investments, please call one of our securities attorneys to discuss your rights. 1-800-934-2921

Selling Away

Selling away occurs when a registered representative sells securities to investors away from the FINRA member that the registered representative works for. Investors are essentially purchasing investments that were not supervised and were not subject to adequate due diligence prior to the sale to the investor.

Selling away violations are a substantial risk for many investors, and are widespread throughout the securities industry.  The investments sold to investors in selling away cases are usually speculative investments that the registered representative’s firm is not selling to its clients. Because most investors place complete trust in their registered representatives, investors do not know that selling away violates industry standards and regulations.

NASD Rule 3030 requires registered representatives to disclose any outside business activities. FINRA Rule 3040 prohibits registered representatives from making private securities sales to clients. Member firms are required to educate their registered representatives regarding Rules 3030 and 3040 and to ensure that the firm maintains adequate supervisory procedures in place to ensure compliance with Rules 3030 and 3040.

Determining if you're a victim of Selling Away

When selling away occurs, there is a strong presumption that the FINRA member firm did not have adequate supervision in place to prevent violations of Rules 3030 and 3040 by its registered representatives. Common examples of selling away violations include the following:

  • - The registered representative tells the investor that he has a great opportunity in an investment that his firm doesn’t offer
  • - The registered representative knows someone on the inside of an exclusive deal that he can get the investor in on.
  • - The registered representative trades for the investor through an online brokerage firm using the investor’s password and username.

Investors with losses in any investment that have been sold away from the firm may have an arbitration claim against the registered representative’s firm and its control persons for selling away, negligence, and failing to supervise its employee.  Many of the major brokerage firms have had claims brought against them for selling away, even when the firm had little to no knowledge of the registered representative’s misconduct.

Lost money because your stockbroker's "selling away"?

We will fight to help you get your money back. If you have lost over $100,000 due to stockbroker fraud, contact us to protect your rights. Complete the form on this page or call 1-800-934-2921 for a free no obligation consultation with a lawyer. We work on a contingency basis, so rest assured that there will never be an out of pocket expense to you.