Did you or someone you know invest money with PlanMember Securities Corp? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. PlanMember recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). It was alleged that the firm purchased municipal securities for its own account from a customer and/or sold municipal securities for its own account to a customer at an aggregate price (including any mark-down or mark-up) that was not fair and reasonable, taking into consideration all relevant factors, including the best judgment of the broker, dealer or municipal securities dealer as to the fair market value of the securities at the time of the transaction. For this, the firm was censured and fined $18,500. You may be able to bring a claim against PlanMember for losses on a contingency fee basis. You may be able to do this in the FINRA arbitration forum in order to recover your losses.
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