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.

Alan Rosca (1225 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.