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Transamerica Financial Advisors Sanctioned by Securities Regulators

Transamerica Financial Advisors Sanctioned by Securities Regulators

Transamerica Financial Advisors Sanctioned by Securities Regulators 150 150 Rex Securities Law

July 24, 2015- St. Petersburg, Florida

Transamerica Financial Advisors (Transamerica)   entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from January 2012 to February 2014 the firm failed to apply volume discounts to certain customer’s purchases of non-traded real estate investment trusts (REITs) and business development companies (BDCs) in violation of FINRA Rule 2010 and failed to have in place an effective supervisory system designed to ensure compliance.

AWC NO. 2014042291801

Transamerica was censured, fined $85,000 and ordered to pay restitution of $51,066 to affected customers.  

Transamerica   has been a FINRA member since 1985, is headquartered in St. Petersburg, Florida , and has nearly 5,000 registered representatives in 1,100 branch offices nationwide.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   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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