The broker of record is culpable for all deals
conducted by other brokers and agents.
Not exact matches
For universal banks such as GS, a lot of trading and
other types of capital markets activity is
conducted outside of the bank in the
broker - dealer and is not captured
by the FDIC data.
The Long term trust that the HighLow
broker enjoys from its clients that complaints will not be happening that often is due to the fact that this
broker is ASIC regulated in Australia, meaning that the trading services as well as
other conduct of HighLow
broker is monitored
by a reputable government authority.
25 DOS 97 Matter of DOS v. Costello - amendment of pleading to conform to the proof; proper business practices; failure to pay judgment; pleadings may be amended to conform to the proof so long as an issue has been fully litigated and is closely enough related to the stated charges that there is no surprise or prejudice to the respondent;
broker conducting business under name
other than on license demonstrates incompetency; failure
by broker to satisfy judgment demonstrates untrustworthiness;
broker may be held liable for failure to satisfy judgment against corporation where
broker controls the corporation; $ 750 fine and license suspension until judgment satisfied
112 DOS 99 Matter of DOS v. Dorfman - adjournments; proper business practices; failure to appear at hearing; failure to cooperate with DOS investigation; accounting to client; ex parte hearing may proceed upon proof of proper service; individually licensed
broker seeking to
conduct brokerage business under a name
other than his own must apply for a license under such new name;
broker engaged in the leasing of real property through an unlicensed corporation;
broker failed to cooperate with DOS investigation
by failing to respond to DOS letters and telephone calls; complaint alleges
broker failed to provide an accounting or copies of records of management for owner's property;
broker may be required to return commissions and fees received which he is not entitled to; $ 1,000.00 fine and suspension of
broker's license until such time as
broker establishes he has fully complied with DOS's investigation and made a full and satisfactory accounting to owner, shall have paid to owner all money due and owning to him as established
by the accounting, with interest, and shall have refunded to owner all commissions and
other fees, with interest, paid
199 DOS 98 Matter of DOS v. Wheeler — due process; failure to appear at hearing; failure to cooperate with DOS investigation; deposits; proper business practices; ex parte hearing may proceed upon proof of proper service;
broker improperly
conducted business under name
other than that on his licensed as evidenced
by signs indicating a different name;
broker fails to provide agency disclosure form to buyer prior to entering into agency relationship;
broker failed to deliver duplicate original of instrument to client;
broker commingled funds
by depositing deposit check into operating account; untrustworthiness demonstrated
by failure to return deposit when offer not accepted; failure to comply with DOS investigation;
broker's license revoked
If the individual (s) are engaged at another brokerage, the managing
broker should contact the managing
broker at the
other brokerage to discuss the
conduct, the risks presented
by the
conduct, and the steps that should be taken to resolve the situation.