Peter Dochinez, Financial Advisor Censured and Fined | Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses | Peter Dochinez, Financial Advisor Censured and Fined 

Peter Dochinez was a formerly licensed financial advisor with Trustmont Financial Group, Inc. FINRA reports that Peter Dochinez consented to the sanction and to the entry of findings that Peter Dochinez failed to establish, maintain and enforce an adequate system of supervisory control policies and procedures that (a) tested and verified that its supervisory procedures were reasonably designed with respect to the activities of the firm and its registered representatives and associated persons to achieve compliance with applicable securities laws and regulations and (b) created additional or amended supervisory procedures where the need was identified by such testing and verification.

Specifically, according to FINRA, the firm’s supervisory control policies and procedures failed to address these requirements: designating a principal responsible for the firm’s supervisory control policies and procedures; testing and verification to ensure reasonably-designed supervisory procedures; updating the firm’s written supervisory procedures to address deficiencies noted during testing; designating a principal responsible for the annual report to senior management on the firm’s system of supervisory controls procedures, summary of test results, significant identified exceptions, and any additional or amended procedures; identifying producing managers and assigning qualified principals to supervise such managers; using the “limited size and resources” exception for producing managers’ supervision, including documenting the factors relied on in determining that the exception is necessary; electronically notifying FINRA of its reliance on the “limited size and resources” exception; reviewing and monitoring all transmittals of customer funds and securities; reviewing, monitoring and validating customer changes of address and customer changes of investment objectives; and providing heightened supervision over the activities of each producing manager.

FINRA also reports that an arbitration claim was filed involving Peter Dochinez’ conduct with Trustmont Financial Group, Inc., alleging failure to supervise a registered representative, deficient policies and procedures. FINRA reports that this arbitration claim was settled for $375,000.

If you lost any money on investments with Peter Dochinez, you may be able to recover your losses from Trustmont Financial Group, Inc. This is because Trustmont Financial Group, Inc. had a duty to supervise Peter Dochinez.

If you lost money on investments with Peter Dochinez 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 against Trustmont Financial Group, Inc. concerning Peter Dochinez’ 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 Peter Dochinez 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.

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