October 16, 2024
Failure to Supervise
Attorneys at ChapmanAlbin are investigating the investment-related activities of Jeffrey Alan Rocheck, former registered representative at Independence Capital, over allegations of financial misconduct, including allegations of “selling away.” Selling away occurs when a financial professional sells securities that are not offered or approved by their employing firm. Rocheck allegedly operated multiple undisclosed businesses, including an entity known as “Pinkstone,” for which he solicited investments from his clients and customers of Independence Capital.
Firms such as Independence Capital have a duty to supervise the investment-related activities of the professionals they employ, and to address allegations of misconduct. They must further monitor their brokers’ outside business activities (“OBAs”) to protect the investing public from securities law violations.
If you invested with Jeffrey Rocheck or in Pinkstone, LLC and your funds are unaccounted for, contact ChapmanAlbin for a free consultation to see if you have a case.
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