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Written by 7:15 pm Blog, Current Investigations

Broker Peter Ianace Barred from Securities Industry

Broker Peter Ianace Barred from Securities Industry, featured by top securities fraud attorneys, The White Law Group

Peter Ianace, Wells Fargo, Plano, TX

FINRA bars Peter Ianace after he Failed to Provide Testimony in its Investigation

According to public records this week, the Financial Industry Regulatory Authority (FINRA) has reportedly barred financial advisor Peter Ianace (CRD#: 3238078) after he failed to provide information in connection with FINRA’s investigation into Ianace’s potential failure to disclose outside business activities to his member firm.

FINRA Rule 3270 prohibits registered advisors from engaging in any business activities, outside the scope of their relationship with their member firm, unless they have provided adequate prior written notice to their member firm.

According to his FINRA BrokerCheck report, Ianace was currently registered with Wells Fargo Clearing Services in Plano, TX from 2018-2019. Prior to that, he was affiliated with Merrill Lynch in Frisco, Texas for  8 years. He reportedly has 3 customer complaints filed against him during his career in the securities industry — one pending, one closed – no action and one settled. Allegations include unsuitable investments, among others. 

Filing a Complaint against your Brokerage Firm

When brokers abuse client accounts or conduct transactions that violate securities laws, such as selling away  or making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about investments with Peter Ianace, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.


Tags: , , , , , , , Last modified: September 4, 2020