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John Palma Embroiled In Investor Dispute Alleging Unauthorized Trading

John Palma (CRD #:6848651), a broker registered with SW Financial, is involved in a pending investor dispute alleging he executed unauthorized trades in 2021. This is according to his BrokerCheck record, accessed on April 5, 2022. The investor is seeking $50,000.

FINRA Rule 3260

Unauthorized trading is a major problem in the world of finance. It occurs when brokers sell, buy or exchange securities without prior consent from their clients. FINRA prohibits unauthorized trading, and FINRA Rule 3260 states that no broker shall exercise trading discretion in a customer account unless that account has been approved for discretionary trading, both by the customer and the firm. 

Background Information

John Palma has passed the following exams:

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

John Palma is a registered broker in 48 states.

Besides SW Financial, John Palma has also worked with Worden Capital Management (CRD#:148366).

Kurta Law Can Help

If you have worked with John Palma and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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 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.