Cales Investments Complaint & Legal Claims Center
Do you have a claim against Cales Investments?
Important Information You Should Know:
Cales Investments is a securities brokerage firm which is licensed by FINRA.
Firms licensed through the Financial Industry Regulatory Authority, formerly the National Association of Securities Dealers (NASD), must comply with securities regulations and federal and state securities laws. When these firms violate regulations or laws they can face actions by regulators or by federal or state criminal prosecutors.
Very few “securities police” have the impossible duty to attempt to govern billions of dollars
in transactions each year, handled by hundreds of thousands of salespersons nationwide at thousands of securities firms. Approximately 660,000 registered salespersons at 5,300 securities firms handle hundreds of millions of transactions annually for over 60 million investors. It is impossible for securities regulators to police this activity.
Securities regulators and officials do not often recover losses for victims of securities fraud. Just as police give tickets and motorists usually hire attorneys to recover damages, victims of securities fraud hire attorneys to recover their losses. As well, claims against brokerage firms including Cales Investments, can be for securities fraud, or for breach of duty, breach of contract, negligence and other claims not covered by securities regulations or statutes.
Claims against brokerage firms are almost always determined in securities arbitration.
When an account is opened at securities firms including Cales Investments, investors sign documents which include agreements to arbitrate any dispute. The U.S. Supreme Court decided in 1987 that securities arbitration agreements are enforceable. Arbitration is a private proceeding which takes the place of court actions. Appeals of arbitration decisions to court are very limited and usually unsuccessful.
Investors represented by an attorney in securities arbitration are much more successful. Statistics prove that investors who file claims with the assistance of an attorney recover twice as often as those not represented. Only a small percentage of lawyers have ever represented an investor in arbitration and very few law firms nationwide have extensive experience with securities arbitration cases.
To learn whether you can recover losses through a claim against Cales Investments
Contact Shepherd Smith Edwards & Kantas LTD LLP law firm for a free consultation with an attorney.
About Shepherd, Smith & Edwards Law Firm:
Our law firm represents institutional and individual investors nationwide who have lost a substantial portion of their retirement or other assets. Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers and staff members served for years as a Vice President or Compliance Officer of major brokerage firms.
Each lawyer and staff person at our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. We have handled thousands of cases against hundreds of large and small investment firms, including claims against firms such as Cales Investments.
Allegations: 01-06-00,SEC RULES 15G-2, 15G-5, 15G-6, AND 15G-9 - RESPONDENT
MEMBER ACTING THROUGH AN INDIVIDUAL, EFFECTED TRANSACTIONS IN
PENNY STOCKS AND FAILED TO DELIVER RISK DISCLOSURE DOCUMENTS
TO CUSTOMERS;FAILED TO DISCLOSE, IN WRITING, THE INSIDE BID AND
OFFER QUOTATIONS;FAILED TO DISCLOSE ORALLY OR IN WRITNG THE
AGGREGATE AMOUNT OF CASH COMPENSATION THAT PERSONS
ASSOCIATED WITH THE FIRM WOULD RECEIVE FOR THE
TRANSACTIONS;FAILED TO PROVIDE SUCH CUSTOMERS WITH Other Sanction(s)/Relief
Date Initiated: 12/10/1999
Docket/Case Number: C3A990065
Principal Product Type: Other
Other Product Type(s):
STATEMENTS CONTAINING THE DISCLOSURE LEGEND; AND FAILED TO
DELIVER TO AND RECEIVE FROM CUSTOMERS THE WRITTEN STATEMENT
CONTAINING REQUIRED INFORMATION PURSUANT TO SEC RULE 15G-9.
Resolution Date: 12/10/1999
Other Sanctions Ordered:
Sanction Details: CENSURES AND FINE OF $7,500, JOINTLY AND SEVERALLY
09-07-00, $7,500 PAID J&S ON 12/31/99, INVOICE #99-3A-1025
Sanctions Ordered: Censure