Mike Jarvis of McKinney, Texas, a stockbroker associated with Cetera Wealth Services is the subject of any investment related securities arbitration claim, where it us alleged that he charged excessive fees, and alleging damages of $800,000.
An earlier investor complaint, filed in 2002, alleged that as a representative of AXA Advisors, he executed unauthorized mutual fund trades was settled for $132,860.
Unauthorized trading is a violation of FINRA Rule 3260 which limits when brokers are permitted to effect transactions in customer accounts without first consulting the customer. It is also a violation of FINRA Rule 2010, which provides that stockbrokers must “observe high standards of commercial honor and just and equitable principles of trade.” Brokers who engage in unauthorized trading may be held liable for damages and/or subject to disciplinary action. In some cases, they may also be subject to disciplinary action by FINRA, the SEC, or other regulators.
The Guiliano Law Group, P.C.
For more than thirty years, our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or a confidential evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
If you believe that you have been the victim of misconduct or fraud, contact us for a free consultation. We handle all cases on a contingency fee basis meaning that there is no cost or obligation, unless we are able to make a recovery for you.
