Cetera Advisor Network LLC Investment Attorney
Our law firm represents investors that have been mistreated by their financial advisors and brokerage firms, such as Cetera Advisor Network LLC (Cetera Advisors). Many investors do not realize they have been victims of securities misconduct and those that do are often hesitant to seek help. Securities related misconduct spans many issues and topics but all misconduct violates various industry standards and rules including unauthorized trading, securities fraud, unsuitable asset allocation, and churning. Our firm’s lawyers can analyze your account statements and investment to determine if there was misconduct in the handling of your account.
Cetera Advisor Networks was founded in 1983 as Financial Network Investment Corporation, a independent contractor brokerage firm. Cetera Advisor’s business model is based upon the belief that advisors could succeed by joining teams that offered local support and guidance across a nationwide network.
Cetera Financial Group is affiliated with, under common control, or otherwise performs business under the company names Multi-Financial Securities Corporation, Cetera Advisors LLC, Financial Network Investment Corporation, PrimeVest Financial Services, Cetera Financial Institutions, Genworth Financial Investment Services, Cetera Financial Specialists LLC, First Asset Management Corporation, Gordon Simmers Security Corporation, and Entrust Financial Group, Inc.
Cetera Advisor – By the Numbers:
- CRD# 13572
- SEC# 8-29577
- 7 Regulatory Events
- 15 Customer Complaints
- Representatives: 1,955 - 2012
Cetera Advisor – In the News:
NASD v. Financial Network Investment Corporation, Inc., et al NASD No. EAF0400760002 – The NASD fined Cetera’s predecessor firms concerning violation of rules that prohibit member firms from favoring or disfavoring the sale of mutual fund shares on the basis of brokerage commissions received by the firm. The NASD alleged that respondents maintained a program known as the Strategic Partners program where mutual fund complexes participating in the program received preferential treatment from respondents in the sales and marketing of their funds. The NASD found that the program provided increased access to respondents' retail brokerage sales forces, placement of materials on Respondents' web sites, and identification as a Strategic Partner on the Respondents’ intranet websites. NASD found that the mutual fund complexes made payments for participating in the program by directing a total of approximately $25.7 million in mutual fund portfolio brokerage commissions to Respondents through clearing brokers during the three-year time period.
Gana LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.