Purshe Kaplan Sterling Investments, Inc. Settles with FINRA Regarding Failure to Adequately Supervise its Representatives’ Outside Business Activities

We are currently investigating allegations made against Purshe Kaplan Sterling Investments, Inc., a Albany, New York-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Purshe Kaplan Sterling Investments, making numerous allegations regarding its conduct, including: a) failure to supervise its brokers’ outside business activities as required by FINRA Rule 3270; and b) a failure to supervise performance reports used by its representatives in connection with outside brokereage services.

FINRA alleged that this conduct took place from January 2011 to January 2016.  To settle these claims, Purshe Kaplan agreed to pay a $200,000 fine.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the east coast and New York.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.

Click to view:  Purshe Kaplan FINRA AWC

If you lost money through investment recommended by an advisor or representative Purshe Kaplan Sterling Investments, please Contact Us at 720-599-3505 for a free evaluation of your case.