Purshe Kaplan Sterling Investments, Inc. (PKS)—Failure to Adequately Evaluate Outside Business Activities of its Registered Reps

Purshe Kaplan Sterling Investments, Inc. (PKS) Allegedly Failed to Adequately Evaluate its Registered Representatives’ Outside Business Activities

Purshe Kaplan Sterling Investments, Inc. (PKS), headquartered in Albany, New York, allegedly failed to adequately evaluate its registered representatives’ outside business activities, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

PKS, from at least January 1, 2011 through January 1, 2016, violated FINRA Rules by allegedly failing to adequately evaluate its registered representatives’ outside business activities to determine whether the outside activities involved activities subject to the requirements of NASD Rules, the aforementioned AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating PKS’s alleged failure to adequately evaluate its registered representatives’ outside business activities.

Purshe Kaplan Sterling Investments, Inc. (PKS) Censured and Fined $200,000 for Allegedly Failing to Determine whether Its Reps Outside Activities Were Subject to NASD Requirements

PKS,  from March 12, 2012 through August 3, 2014, PKS violated NASD and FINRA Rules by allegedly failing to establish an adequate system for the Supervisory review of performance reports used by its registered persons, according to the above mentioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.the AWC reports.

As a result of the aforementioned behavior, PKS has been censured and fined $200,000 for failing to adequately evaluate its registered representatives’ outside business activities, the AWC reports.

One should also note that, according to the AWC, Purshe Kaplan Sterling Investments, Inc. (PKS) neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to adequately evaluate its registered representatives’ outside business activities and are currently investigating Purshe Kaplan Sterling Investments, Inc. (PKS)’s alleged similar practices. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Purshe Kaplan Sterling Investments, Inc. (PKS)’s alleged failure to adequately evaluate its registered representatives’ outside business activities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.