Victim of Financial Fraud? Call Now
Home » Broker Blog » FINRA Investigates Christopher Polinaire Concerning Alleged Excessive Trading

FINRA Investigates Christopher Polinaire Concerning Alleged Excessive Trading

Christopher Polinaire (CRD #: 4330879), a broker registered with Network 1 Financial Securities, was the subject of a recent FINRA investigation, according to his BrokerCheck record, accessed on July 28, 2022. Read on if you have questions about his conduct as a broker.

FINRA Investigation

On June 8, 2022, FINRA entered a preliminary determination recommending that Christopher Polinaire face disciplinary action for allegedly executing excessive and unsuitable trades in investors’ accounts, violating FINRA Rules 2111 and 2010.

FINRA Rules 2111

FINRA Rule 2111 requires brokers to tailor their recommendations of securities to fit investors’ profiles. These include information about an investor’s risk tolerance, tax status, and investment goals.

Excessive trading, also called churning, violates the requirement for quantitative suitability. In other words, the overall number of trades executed in an account must also be suitable for an investor’s goals.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of professional honor and ethical conduct.

Civil Lien

On August 14, 2015, Christopher Polinaire faced a civil lien of $10,581.76.

Background Information

Christopher Polinaire has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination 

Christopher Polinaire is a registered broker in 36 states and the District of Columbia.

He has also worked for the following firms:

  • Arive Capital Markets (CRD#:8060)
  • First Standard Financial Company (CRD#:168340)
  • Rockwell Global Capital (CRD#:142485)
  • Salomon Whitney (CRD#:145012)
  • CBG Financial Group (CRD#:6578)
  • Dalton Strategic Investment Services (CRD#:23485)
  • First Midwest Securities (CRD#:21786)
  • Cape Securities (CRD#:7072)
  • Avalon Partners (CRD#:41357)
  • Liberty Partners Financial Services (CRD#:130390)
  • American Capital Partners (CRD#:119249)
  • America’s Choice Equities (CRD#:135272)
  • J.P. Turner & Company (CRD#:43177)
  • Milestone Financial Services (CRD#:43295)
  • LH Ross & Company (CRD#:37920)

Kurta Law Can Help

If you worked with Christopher Polinaire and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories