Published On: February 8, 2017

According to a recent Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding, Further Lane Securities allegedly charged excessive markups on 55 corporate bond transactions with customers, in violation of securities rules. The firm also allegedly failed to adequately supervise the markup activities of its registered representatives in violation of those rules. According to the Proceeding, a registered investment advisor placed limit orders with one of the traders to build the portfolio of an individual customer. The rep sold the bonds to the firm’s retail customers with an additional markup and caused the firm to mark up twice each security that the firm sold to a customer. Excessive markups were charged in 53 of the transactions with the firm’s individual customers. This is against securities laws. Please call our securities law firm in Chicago, Illinois to speak to an attorney about your options of bringing a claim in the FINRA arbitration forum against Further Lane Securities in order to recover your investment losses. We take cases on a contingency fee basis. The call is free with no obligation.

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