Robert Ronald Liggero, a former broker at Jacksonville, Florida based Bull and Bear Brokerage Services, Inc., submitted a Letter of Acceptance, Waiver and Consent in which he consented to the described sanctions and to the entry of the Financial Industry Regulatory Authority's (FINRA) findings that he signed customers' names on documents related to the opening of IRA accounts without the customers' knowledge or consent. Mr. Liggero, of Atlantic Beach, Florida, was fined $5,000 and suspended from association with any FINRA member in any capacity for 20 business days. The suspension is in effect from May 20, 2013 through June 17, 2013.
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 prohibited activity such as unauthorized and/or fraudulent signatures can bring forth claims to recover losses against broker-dealers like Bull and Bear Brokerage Services.
Have you suffered losses in your Bull and Bear Brokerage Services, Inc. account due to unauthorized activities or other misconduct by your broker? 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 Bull and Bear Brokerage Services, Inc. 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 pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.
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