Independent security professionals and registered investment advisors can benefit from the investment products and services provided by Securities Service Network, a privately held financial services company. Securities Service Network, which was established in 1983, was the nation’s first fee-based dealer to provide a 100 per cent payout of commissions and fees to customers. Securities Service Network is based in Knoxville, Tennessee, and employs more than 450 registered securities professionals and investment advisors at the time of this publication.
Since the Securities Service Network (SSN) is licenced by the Financial Industry Regulatory Authority (FINRA), it is subject to the laws and regulations that are designed to protect investors. Several laws are particularly relevant in this context, including the requirement for Securities Service Networks to monitor their brokers to ensure that they are acting in the best interests of their clients. Consequently, if an unsupervised broker engages in unethical or deceptive behaviour that causes a client to suffer losses, SSN may be held legally liable for the number of damages that the client has suffered. Clients can reclaim their losses from investment firms under the provisions of FINRA regulations, thereby holding them accountable for their actions.
History of Disciplinary Action at Securities Service Network
SSN’s previous problems were primarily related to breached customer contracts, and FINRA frequently sided with the customer by levying fines against SSN in favour of the customer. The Securities and Exchange Commission (SSN) was fined $25,000 in 2013 for failing to supervise a broker who was executing trades and making decisions on accounts for which he had not been authorised to do so. In addition, the broker violated the terms of customer contracts by purchasing and selling securities and distributing them to his accounts without the necessary authorization from the customer. SSN had only been fined $22,000 a month before for failing to supervise yet another incident. Because of a lack of supervision, corporate culture is created that encourages dishonest and deceptive practices that take advantage of clients’ trust.
The Experience, Expertise, & Resources That You Need
Meyer Wilson is dedicated to one thing: fighting for the rights of victims of fraud against the brokers and investment firms that have caused them to suffer financial losses. Our investment fraud attorneys have years of experience and extensive knowledge in this field – we have recovered more than $350 million for our clients from brokerage firms such as Securities Service Network, for example. Given the fact that we specialise solely in investment fraud, we have the resources to go head-to-head with the world’s largest financial institutions on your behalf. Meyer Wilson represents clients throughout the United States in state and federal courts, as well as in arbitration with the Financial Industry Regulatory Authority and the American Arbitration Association.