Meyer Wilson’s securities fraud attorneys are investigating stockbroker misrepresentation claims against broker Andrew Constantinides (CRD# 5596143).
The Financial Industry Regulatory Authority’s (FINRA) BrokerCheck report states that Andrew Constantinides (CRD# 5596143) was named in a pending customer dispute filed Dec. 23, 2016 alleging stockbroker misrepresentation.
The report states that the client alleges that Andrew Constantinides “made misrepresentations in regards to a particular private placement in which the client was solicited to invest.”
The client is asking for $350,000 in damages in the pending stockbroker misrepresentation complaint.
Andrew Constantinides has been in the securities industry for seven years. He has been registered in Boca Raton, Fl. with Merrill Lynch since June 2016. The pending complaint stems from the time he was registered with Dawson James Securities from 2009 to 2016.
The states where he is a registered stockbroker and investment adviser are Florida, California, Maryland, Minnesota, Montana, New Jersey and South Carolina.
The U.S Securities and Exchange Commission (SEC) protects investors by making sure that all investors, whether large institutions or private consumers, should have access to certain information regarding a potential investment before buying it and for as long as they hold onto that investment.
What is Stockbroker Misrepresentation?
Full disclosure of all relevant information about an investment is one of the most important duties of a stockbroker. Without full disclosure, investors aren’t able to make the best decisions about where to put their money. Failing to disclose all relevant information about an investment is stockbroker misrepresentation.
Federal securities law prohibits stockbrokers and investment advisers from engaging in stockbroker misrepresentation by misleading clients regarding their investments.
Stockbrokers are obligated to provide clients with all the material facts, including the risk level of a stock, any fees connected with the transaction, and the possible return on the investment.
If a stockbroker misrepresents the nature or quality of an investment and the investor loses money, the stockbroker may be held responsible, and investors may be able to recover their losses.
Stockbrokers and investment advisers that withhold or falsify material facts can be investigated for stockbroker misrepresentation and face possible disciplinary action from FINRA, the SEC, or state regulators.
If you lost money investing with Merrill Lynch stockbroker Andrew Constantinides, contact the securities fraud attorneys at Meyer Wilson today. For nearly 20 years, we have provided our clients with experienced legal representation required to secure the financial compensation they deserve.
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