Zachary T. Bader—Excessive Trading
Zachary T. Bader Allegedly Engaged in Excessive Trading in Three Customer Accounts with a Reckless Disregard for Customer Interests
Zachary T. Bader, from February 2012 until July 2013, allegedly engaged in excessive trading in three customer accounts with a reckless disregard for the interests of those customers and for making unsuitable recommendations to 21 customers, according to a recent Letter Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Jason Kane.
Excessive trading and churning occurs when a registered representative exercises control over a customer’s account and the level of activity in that account is inconsistent with the customer’s investment objectives, financial situation, and needs.
The Peiffer Wolf securities lawyers are currently investigating Zachary T. Bader’s alleged excessive trading.
Zachary T. Bader Barred by FINRA
From March 2012 through January 2013, Zachary T. Bader made unsuitable recommendations of a complex Exchange Traded Note (ETN) to 21 customers, according to a recent Letter Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Jason Kane.
As a result, Bader has been barred by FINRA from associating with any member FINRA Member Firm in any capacity, the AWC reports.
One should also note that, according to the AWC, Zachary T. Bader neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of excessive trading and customer churning. They are currently investigating Zachary T. Bader’s excessive trading and customer churning. 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 Zachary T. Bader’s excessive trading and customer churning may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.