{"id":2869,"date":"2015-12-09T00:00:00","date_gmt":"2015-12-09T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/equinox-securities-company-and-staff-charged-with-fraud-scheme\/"},"modified":"2018-10-08T12:40:17","modified_gmt":"2018-10-08T16:40:17","slug":"equinox-securities-company-and-staff-charged-with-fraud-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/equinox-securities-company-and-staff-charged-with-fraud-scheme\/","title":{"rendered":"Equinox Securities Company and Staff Charged With Fraud Scheme"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2203\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Equinox-Securities-Company-and-Staff-Charged-With-Fraud-Scheme.jpg\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Equinox-Securities-Company-and-Staff-Charged-With-Fraud-Scheme.jpg 1430w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Equinox-Securities-Company-and-Staff-Charged-With-Fraud-Scheme-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Equinox-Securities-Company-and-Staff-Charged-With-Fraud-Scheme-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Equinox-Securities-Company-and-Staff-Charged-With-Fraud-Scheme-1024x682.jpg 1024w\" alt=\"Equinox Securities Company and Staff Charged With Fraud Scheme on silverlaw.com\" width=\"700\" height=\"467\" \/><\/p>\n<h2>The firm, as well as its president and CCO, are charged with alleged churning, excessive trading and unsuitable recommendations<\/h2>\n<p style=\"text-align: justify;\">Equinox Securities, as well as President Steven Michael Oliveira and CCO Chris Blaine Palkowitsch, were all charged by the FINRA Department of Enforcement in a specific complaint about allegations of excessive churning of customer accounts and excessive trades, in addition to making unsuitable recommendations for customers.<\/p>\n<p style=\"text-align: justify;\">Churning occurs when a broker repeatedly buys or sells securities in a customer\u2019s account in order to generate commissions from those sales without any benefit to the customer. Purchases that don\u2019t appear directly necessary to the customer\u2019s investment goals may be classified as churning and can lead to a FINRA investigation.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/equinox-securities-company-and-staff-charged-with-fraud-scheme\/\"  title=\"Continue Reading Equinox Securities Company and Staff Charged With Fraud Scheme\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The firm, as well as its president and CCO, are charged with alleged churning, excessive trading and unsuitable recommendations Equinox Securities, as well as President Steven Michael Oliveira and CCO Chris Blaine Palkowitsch, were all charged by the FINRA Department of Enforcement in a specific complaint about allegations of excessive churning of customer accounts and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589],"tags":[429],"class_list":["post-2869","post","type-post","status-publish","format-standard","hentry","category-churning-2","tag-charged-with-fraud-scheme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Equinox Securities Company and Staff Charged With Fraud Scheme on\u00a0<\/title>\n<meta name=\"description\" content=\"Check out the new article Equinox Securities Company and Staff Charged With Fraud Scheme on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/equinox-securities-company-and-staff-charged-with-fraud-scheme\/\" \/>\n<meta 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