Securities Regulators Ban Ann Ferrao After She Allegedly Misappropriated Funds
Ann Maria Ferrao, formerly registered with HSBC Securities, Inc., was barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with allegations she misappropriated funds from clients’ bank accounts.
The Peiffer Rosca securities practice attorneys Joe Peiffer and Alan Rosca are investigating the matter.
Ferrao was under investigation by FINRA for misappropriating funds from clients’ bank accounts for the benefit of other clients and for Ferrao’s personal benefit, according to FINRA.
Ferrao informed FINRA through counsel that she would not provide testimony, according to FINRA. FINRA rules require persons associated with FINRA members to provide testimony with respect to matters involved in an investigation.
Ferrao consented to being barred from the securities industry by FINRA without denying or admitting FINRA’s factual findings.
The Peiffer Rosca attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses in connection with virtual currency investments. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.