WARNING! Maria Fan from New York, New York
Have you lost money with financial advisor Maria Fan of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Maria Fan. FINRA suspended Fan for 60 days regarding allegations that she made exaggerated claims to a customer about stocks.
According to FINRA’s allegations, Maria Fan was alleged to have used a non-firm issued smartphone to send text messages to customers. In the texts, she was alleged to have made exaggerated claims regarding certain stocks. She told one customer that “I can make you $1000 in a day if you give me $2000 tomorrow with GPRO [GoPro, Inc.]”. She told another that “ADHD [Alcobra Ltd.] will go up to $40 in two weeks”. To settle these allegations, Fan agreed to a 60-day suspension and a deferred fine of $7,500.
Maria Fan was a financial advisor and registered representative of Aegis Capital Corp. from March 2014 to August 2015. She also was affiliated with Wilmington Capital Securities from July 2015 to January 2016; and with HSBC Securities from April 2013 to August 2013. She worked at branch offices in New York, New York. According to FINRA’s Brokercheck, Fan is the subject of three customer complaints, alleging unsuitable investment recommendations and fraud.
Brokerage firms like Aegis Capital Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; the Seattle-area; Ann Arbor, Michigan; and Chicago. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Fan, Maria FINRA AWC
Click to view: Fan, Maria BrokerCheck 11.4.16
HAVE YOU LOST MONEY WITH MARIA FAN OR AEGIS CAPITAL CORP.?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Aaron Israels: (720) 599-3505
David Neuman: (206) 795-5798
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.