Mary Helen Caprice Mallett – Suspended from the Securities Industry

Financial Advisor -Mary Helen Caprice Mallett – Phoenix, Arizona

 The White Law Group is investigating potential claims involving financial advisor Mary Helen Caprice Mallett.

According to the Financial Industry Regulatory Authority (FINRA), financial advisor Mary Helen Caprice Mallett was suspended from the securities industry on June 28, 2017.Mallett allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

According to her FINRA BrokerCheck report, Mallett has 34 customer complaints during her 27 year career in the securities industry.

Further, Morgan Stanley reportedly fired Mallett in 2011 because she“engaged in outside business activities without prior written approval of and facilitated clients’ relationships with an outside investment manager who was not approved by or affiliated with the firm.”

According to a lawsuit Morgan Stanley filed against Mallett she told Morgan Stanley that she and husband and business partnerWilliam Tatro had used the same investment strategy over the previous nine years, and that she had bought Tatro’s book of business.  According to Morgan Stanley, Mallett had allegedly told them Tatro was no longer servicing his former clients.

According to reports, FINRA barred William (Bill) Tatro in 2012 for allegations that he failed to respond to two requests for information by FINRA staff in connection with an investigation into whether he violated federal securities laws or FINRA conduct rules. Tatro currently has78 customer complaints listed on his broker report.

Mallett claimed that “the allegations relate to a business relationship with Ms. Mallett’s spouse, was disclosed and was an essential part of her marketing plan.”

She has reportedly been employed at twelve different firms since 1985– the last three, First Allied Securities, Morgan Stanley Smith Barney, and Independent Financial Group were located in Phoenix, Arizona.

Failure to Supervise

The White Law Group is investigating the liability her employers may have for failing to properly supervise Mary Helen Caprice Mallett.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

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 suffered losses investing with Mary Helen Caprice Mallett, the securities attorneys of The White Law Group may be able to help. 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.