Cetera Investment Services Faces Significant Regulatory Challenges
The relationship between a broker and financial advisor and their client is considered to be sacred. The financial professional has a fiduciary duty to look out for the client’s best interests. A breach of this duty is a significant violation of this trust.
The Financial Industry Regulatory Authority (FINRA) is holding its brokers, advisors, and their firms accountable to this high standard. FINRA regulates the stock markets and securities industry. They set rules and have the power to bring disciplinary actions against members and their firms.
Cetera Investment Services is facing significant challenges with FINRA. The firm has a track record showing a breakdown in supervisory procedures at the firm. Cetera has a duty to make sure that their brokers and advisors are following the law. A breakdown in monitoring and enforcement leaves investors vulnerable to losses.
Cetera has violated FINRA’s rules, and this is leading to stiff fines for the firm. A recent case was settled in October 2022. The firm agreed to pay an $8.5 million fine for securities fraud.
This is the tip of the iceberg of the allegations of violations against Cetera Investment Services. The list includes:
- Failing to supervise the activities of brokers and advisors
- Excessive trading
- Unauthorized trading
- Making unsuitable recommendations
- Breach of fiduciary duty.
These are some of the complaints against Cetera Investment Services. Things have become so bad that regulators allege the firm has overcharged their clients by $21 million on an illiquid real estate investment trust.
Contact the Wolper Law Firm to set up a free consultation with a Cetera Investment Services loss attorney. You will work with a skilled professional that has the knowledge and experience in handling these cases.
We are not afraid to use every legal means at our disposal to go after those responsible for your losses. We will not stop until our team creates favorable outcomes for you. Contact us today at 954.406.1231 / 800.931.8452 to find out about your options and what we can do to help you.
Cetera Advisors Complaints are Rising
Cetera Investment Services is seeing more complaints directed at advisors that have breached FINRA’s rules and regulations. FINRA’s records show that Cetera has 10 regulatory events..
The Wolper Law Firm can help you if you have losses caused by Cetera advisors. Our team of skilled professionals will investigate your case, gather evidence, and take the appropriate legal action.
We will not stop until our team gets a successful outcome for your case. We have a 99% success rate in getting money for wronged investors in the cases we handle. Contact us today at 954.406.1231 / 800.931.8452 to schedule your free consultation with a Cetera Investment Services investment fraud attorney.
Why Choose Us?
We have a track record of handling cases of investment losses and fraud. Our firm levels the playing field for investors that have been wronged by their financial professionals and their firms.
Matthew Wolper is our founder and has seen how the Wall Street firms use their deep pockets to buy their way out of things. He started our firm to level the playing field for investors.
We have five-star reviews from our clients and a 99% success in getting money for wronged investors in the cases we handle. You will work with a skilled Cetera Investment Services investment loss attorney that gets results.
Our track record speaks for itself. Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney.
FAQs
The Financial Industry Regulatory Authority (FINRA) regulates the stock market and the securities industry. FINRA has the power to take disciplinary action against your financial professional and their firm for wrongdoing.
Securities law is complex and requires the knowledge of a skilled professional to understand what is happening. A Cetera Investment Services investment fraud attorney can help to guide you through this process and use all of the regulations to hold the broker, advisor, and firm responsible.
The majority of customer complaints will go through FINRA’s arbitration process. This is a binding way of dispute resolution that is faster than the courts. You more than likely signed an agreement to settle all disputes using FINRA’s arbitration. Those cases where there are no arbitration agreements in place have the option of going to court to take legal action. Our skilled Cetera Investment Services investment loss attorneys will represent you throughout this process and help you to get the best advice. We practice securities and trial law. This makes us the professionals you can count on throughout this process.
We will contact FINRA on your behalf and will file a complaint with them. FINRA Your case will be heard by an arbitration board that will make a decision. This decision is binding but we can appeal it to state or federal court after going through arbitration. We will represent you through this process and look out for your best interests. Our team will not stop until we get favorable results for you.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks.
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