Did you suffer investment losses with Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services) (CRD# 7452) (SEC# 8-21570)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services). If you suffered losses investing with Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
As of September 9, 2020, Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services)’s FINRA BrokerCheck Report contains the following:
2 Regulatory Event Disclosures
8 Arbitration Disclosures
Main Office Location
100 VANGUARD BLVD
MALVERN, PA 19355
400 DEVON PARK DRIVE- M39
WAYNE, PA 19087
Business Telephone Number
Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services)’s Direct Owners and Executive Officers
THE VANGUARD GROUP, INC., PARENT COMPANY
BUCKLEY, MORTIMER JOSEPH III (CRD#:2167630), DIRECTOR, PRESIDENT
GRAVINESE, ANGELA DAWN (CRD#:4175778), CHIEF COMPLIANCE OFFICER
KING, MARTHA G. (CRD#:1420059), DIRECTOR, SENIOR VICE PRESIDENT
LAURSEN, AMY M (CRD#:5007072), PRINCIPAL OPERATIONS OFFICER
MCISAAC, CHRISTOPHER DAVIS (CRD#:2928259), DIRECTOR, SENIOR VICE PRESIDENT
NORRIS, JAMES MAURICE (CRD#:1783874), DIRECTOR, SENIOR VICE PRESIDENT
PANTALONE, SALVATORE L JR (CRD#:2887373), PRINCIPAL FINANCIAL OFFICER
RAMPULLA, THOMAS MARK (CRD#:1816948), DIRECTOR, SENIOR VICE PRESIDENT
RISI, KARIN ANN (CRD#:3209445), DIRECTOR, SENIOR VICE PRESIDENT
ROBINSON, ANNE (CRD#:6706699), DIRECTOR, SENIOR VICE PRESIDENT
ROLLINGS, MICHAEL THOMAS (CRD#:1592402), DIRECTOR, SENIOR VICE PRESIDENT
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Vanguard Marketing Corporation (a/k/a Vanguard Brokerage Services) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.