- July 31, 2018
- PNC Investments LLC
The Wolper Law Firm, P.A. is currently investigating claims against Christine Memet, a former Financial Advisor at PNC Investments, LLC in Hamilton, New Jersey. Christine Memet has been in the securities industry since the 1990s and previously worked for Chase and 1st Discount Brokerage.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in 2017, Christine Memet was suspended by FINRA for failing to respond to a request for information concerning her receipt of customer account statements at her home in violation of firm and industry policy. Chritine Memet subsequently appealed the suspension, which was denied on July 27, 2018.
This same conduct led to Christine Memet’s termination by PNC Investments in early 2017. In discharging Christine Memet, PNC determined that she was not honest in her explanation regarding why she was receiving customer account statements at her home. In many instances, this occurs when the Financial Advisor is engaging in account activity that is unauthorized or when the Financial Advisor wants to conceal unsuitable trading activity that has caused investment losses.
https://brokercheck.finra.org/individual/summary/2535775#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Christine Memet, and you experienced investment losses, please contact the Wolper Law Firm, P.A. at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration.
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. [Attorney Bio]