FINRA's findings also stated that Ms. Siesennop post-dated her signature on a compliance review form and admitted that she did not disclose to the FINRA auditors that she had made additions to the form when she readied it for their review, thereby providing a false and misleading document to FINRA auditors. The findings further included that Ms. Siesennop maintained the inaccurate form in her firm's records, which caused inaccuracies in the firm's records. FINRA found that Ms. Siesennop produced the inaccurate and misleading form in response to a post-complaint Rule 8210 request for information and documents without explaining how and why she had previously altered the form.
Broker-dealers must establish and implement a reasonable supervisory system to protect customers from broker misconduct. If broker-dealers do not establish and implement a reasonable supervisory system, they may be liable to investors for damages flowing from the misconduct. Therefore, investors who have suffered damages due to Ms. Siesennop's misrepresentations and unlawful acts can bring forth claims to recover losses against Freedom Investors Corp., which should have prevented Ms. Siesennop from committing the described illegal activity.
Have you suffered losses in your Freedom Investors Corp. brokerage account? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is accepting clients with valid claims against Freedom Investors Corp. stockbrokers who may have engaged in misconduct and caused investors losses.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at firstname.lastname@example.org for answers to any of your questions about this blog post and/or any related matter.