In FINRA Regulatory Notice 11-52, issued in November 2011, the Financial Industry Regulatory Authority reminded brokerage firms of their supervisory obligations regarding the use of certifications and designations that imply expertise or specialty in advising senior investors.
FINRA conducted a survey and found that 89% of retail broker-dealers have brokers who use senior designations. FINRA is concerned that senior investors will not be able to differentiate between designations that represent an enhanced level of proficiency in dealing with matters relevant to senior investors versus designations that are simply used as marketing tools.
We have been answering questions about investment accounts and recovering investment losses for over 20 years. Call us if you have a question.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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