Nicking Nuns a No-No…or as we already know, there are few stockbrokers in Heaven

Posted On: January 20, 2011 by Law Offices of Ralph Behr

Sodom on the Hudson hit a new low when the SEC announced it settled charges that a broker in New York allegedly defrauded congregations of Nuns from The Bronx, New York. Sad but true…one less stockbroker gets to go to heaven. South Florida securities fraud lawyers have seen a lot here in Broward and Miami, but this deserves a trip to Church for redemption of our souls, not redemption of coupons. According to the SEC press release the Sisters of Charity (not the same as we have here in Fort Lauderdale) had one account for money for the care of the nuns assisted living facility. The account was allegedly churned by the broker who agreed to a settlement with the SEC. You don’t have to be a nun to be nun-to-poorly treated by your stockbroker. If you live in South Florida and have a brokerage account with a local Financial Advisor (for example Boca Raton, Miami, West Palm Beach) and you believe you have been placed in an inappropriate investment, or your broker has ignored your instructions or traded with your account without approval: contact a South Florida Securities fraud lawyer and ask for a consult. Most lawyers, who work in the field of stockbroker fraud here in Fort Lauderdale, will be pleased to spend the time to discuss and answer your questions. It’s nun-to-soon to ask a question about stockbroker fraud, so pick up your phone and ring us up!