Each state has its own securities laws. The following are selected sections of the Nebraska securities laws that are generally applicable in FINRA arbitrations.
004.01 In connection with the solicitation of investment company shares,
recommending to a customer the purchase of a specific class of investment
company shares in connection with a multi-class sales charge or fee
arrangement without reasonable grounds to believe that the sales charge or
fee arrangement associated with such class of shares is suitable and
appropriate based on the customer’s investment objectives, financial
situation and other securities holdings, and the associated transaction or other fees.
005.05 Inducing trading in a client’s account that is excessive in size and frequency
in view of the client’s financial resources and investment objectives, and character
of the account.
If you have questions about a state securities law, The White Law Group may be able to help. 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 Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.Tags: Boca Raton, broker dealer, broker fraud, Chicago, excessive trading, FINRA, Florida, Illinois, investment losses, investor protection, NASD, Nebraska Securities Laws, SEC, Securities Attorney, securities compliance, securities regulation, stockbroker, suitability Last modified: July 17, 2015