Category Archives: Shearson Financial Services

Shearson Financial (Boca Raton) Censured and Fined by FINRA

Shearson Financial Services, LLC, was censured and fined $20,000 by FINRA to resolve allegations that it failed to report the correct trade execution time and/or execution date for transactions in TRACE-eligible securitized products to TRACE.

TRACE is The Trade Reporting and Compliance Engine is the FINRA developed vehicle that facilitates the mandatory reporting of over the counter secondary market transactions in eligible fixed income securities. All broker/dealers who are FINRA member firms have an obligation to report transactions in corporate bonds to TRACE under an SEC approved set of rules.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

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