Aurel Anderson Allegedly Approved Misleading Marketing Communications
Aurel Anderson (CRD #: 6573760) has been suspended by FINRA. This is according to her BrokerCheck record, accessed on August 2, 2024. Keep reading if you have questions regarding her alleged conduct.
Regulatory Actions
On June 20, 2024, Aurel Anderson entered into an Acceptance, Waiver, and Consent agreement (AWC) in which she consented to the findings that she failed to reasonably supervise her member firm’s communications with the public, including retail communications. FINRA alleges that her approval of false and misleading communications concerning two new products was unreasonable.
- Aurel Anderson allegedly knew the funds deposited into the Cash Program constituted unsecured loans and that the funds were at risk of a complete loss.
- She also allegedly knew that customers enrolled in a stock loan program could lose their rights to dividends and other distributions if their shares were borrowed.
Despite her knowledge, Aurel Anderson allegedly approved false and misleading marketing material.
Terms of the AWC
As part of the terms of the AWC, Aurel Anderson consented to a $10,000 fine and a two-month suspension. You can read a copy of the AWC here.
Communications with the Public
FINRA Rule 2210 defines how firms and brokers are permitted to communicate with the public (e.g., in advertising). This rule requires all communications with the public to be fair, balanced, and free from any false or misleading statements.
Misrepresentation
FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.
Background Information
Aurel Anderson has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 62 Corporate Securities Limited Representative Examination
- Series 24 General Securities Representative Examination
During her six years of experience, she has registered with one firm: USStockTRade Securities (CRD #: 16208).
Kurta Law Can Help
If you have worked with Aurel Anderson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.
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