National investment loss lawyers KlaymanToskes is investigating broker Rosaline Alam (CRD# 5742202) of Lincoln Investment and Pruco Securities, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following her failure to provide information and documents as requested by FINRA in connection with the regulator’s investigation into allegations made on her Form U5 by her firm, which alleged that she misappropriated funds from an elderly customer and, in violation of company policy, had been named a beneficiary in the customer’s will.
According to FINRA’s investigation, on November 13, 2023, Pruco Securities filed a Form U5 amendment disclosing that the firm had received “allegations that [Alam] misappropriated funds from an elderly client and, in violation of Company policy, had been named a beneficiary in the client’s will.” By refusing to produce the documents and information as requested pursuant to FINRA Rule 8210, Alam violated FINRA Rules 8210 and 2010.
Investors that suffered losses with broker Rosaline Alam are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Rosaline Alam:
If you suffered losses with broker Rosaline Alam, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Rosaline Alam. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Lincoln Investment and Pruco Securities are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Rosaline Alam, or have concerns regarding your investment portfolio at Lincoln Investment and/or Pruco Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.