1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Former RBC Capital Markets Broker, Paul Gershon, Suspended And Fined By FINRA For Allegedly Exercising Discretionary Trading Authority In Several Customer Accounts Without Written Authorization

Paul N. Gershon is a former RBC Capital Markets Financial Advisor in its Leawood, Kansas branch office.  Paul Gershon has been in the securities industry since 1972 and previously worked at E.F. Hutton, B.C Christopher Securities, Piper Jaffray and Oppenheimer & Co.  Paul Gershon is not currently registered as a broker.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), FINRA has suspended Paul Gershon for 15 days and fined him $5,000 for allegedly exercising “discretionary trading authority in 29 customer accounts without written authorization in violation of NASD Rule 2510(b) and FINRA Rule 2010.”. 

 For a copy of the FINRA sanction, click http://www.finra.org/sites/default/files/fda_documents/2018060156201%20Paul%20N.%20Gershon%20CRD%20221357%20AWC%20jm.pdf

Paul Gershon was discharged from RBC Capital Markets in connection with these allegations. 

For a copy of the Paul Gershon CRD, click https://brokercheck.finra.org/individual/summary/221357#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.  

In addition, unauthorized trading is a serious allegation based upon a belief that the customer did not approve the purchase or sale of a security prior to execution of the trade.  Financial Advisors who engage in unauthorized trading often do so to increase commissions earned from their clients’ accounts. 

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (866) 330-5167
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis