TAG | Chanse Menendez
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Chanse Keith Menendez Sr. (CRD #2448467 Registered Representative, Hauppauge, NY) was barred from association with any FINRA member in any capacity and ordered to pay $44,930.03 in restitution, plus interest, to customers. The sanctions were based on findings that Menendez engaged in excessive and unsuitable trading in customers’ accounts when he did not have reasonable basis for believing that the volume of transactions he recommended and effected was suitable for the customers in light of the information he knew about the customers’ financial circumstances, investment objectives and needs. The finding stated that Menendez purchased and sold securities for customers’ accounts without regard for the customers’ investment interest for the purpose of generating commissions; therefore, his misconduct amounted to churning. The findings also stated that Menendez mischaracterized solicited trades as “unsolicited” in customers’ accounts, and caused his member firm’s books and records to be inaccurate. The findings also included that Menendez failed to appear for FINRA on-the-record-interviews. (FINRA Case #2007007400505)
This appeared on the FINRA website’s Disciplinary Actions for January, 2011.
If you have been a victim of the alleged fraudulent schemes of Chanse Keith Menendez or a similar situation, call a Securities Arbitration Lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
Chanse K. Menendez · Chanse Keith Menendez Sr · Chanse Menendez · churning · churning stocks · Financial Industry Regulatory Authority · FINRA · finra lawyer · finra securities arbitration · Ft. Lauderdale Securities Lawyer · solicited trades listed as unsolicited · Stock fraud lawyer · stockbroker misconduct · unauthorized trades · unsolicited calls selling stocks