Maria Fan – Financial Advisor/Broker Maria Fan Previously Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Maria Fan was a previously registered financial advisor with Wilmington Capital Securities, LLC and Aegis Capital Corp. According to FINRA, Maria Fan was fined $7,500 and suspended from the securities industry for 60 days in November 2016.
According to FINRA:
Maria Fan consented to the sanctions and to the entry of findings that contrary to her member firm’s policies, she used the text messaging function of a non-firm issued smartphone to exchange business-related messages with a customer. The findings stated that these messages included, among other things, recommendations of securities and discussions of the customer’s account performance at the firm. Maria Fan also provided the customer with Maria Fan’s personal email address and instructed the customer to use that email address in connection with a business-prospecting project that the customer was completing as Maria Fan’s intern. The firm’s WSPs in effect required all electronic business communications to be transmitted only through firm sponsored systems and prohibited the use of personal email accounts for business communications. Maria Fan did not provide the firm with her communications with the customer or inform it that she was communicating with the customer via text message and personal email. The findings also stated that text messages sent from Maria Fan to the customer contained exaggerated and promissory language or inappropriately projected performance of securities that Maria Fan had purchased for the customer.
According to Maria Fan’s BrokerCheck Report:
Two customer disputes alleging sales practice violations against Maria Fan have been settled.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Maria Fan and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Maria Fan’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Maria Fan and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 2/11/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Maria Fan, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Maria Fan