Each state has its own securities laws. The following are selected sections of the Nevada securities laws that are generally applicable in FINRA arbitrations.
(h) In connection with the solicitation of the purchase or sale of any equity security traded over the counter, other than a security included in the Nasdaq National Market:
(1) Recommending any speculative low-priced security to a customer without attempting to obtain information about:
(I) The other securities held by the customer;
(II) The financial situation of the customer; and
(III) Other data necessary to determine the suitability of the investment for the customer;
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, Las Vegas, NASD, Nevada Securities Laws, Reno, SEC, Securities Attorney, securities compliance, securities regulation, stockbroker, suitability Last modified: July 17, 2015