Soreide Law Group is evaluating possible investor claims against securities broker and investment advisor, Melanie Sherry Sweet (CRD#: 2620987, Boca Raton, Florida). Notably, FINRA suspended the broker for failing to respond to its Request for Information. Not only that, but an investor also suggested that Sweet breached a fiduciary duty and conspired to deceive the client. It seems like Sweet caused this investor’s losses.
FINRA Suspends Melanie Sweet For Failure To Respond To Request For Information
First of all, FINRA suspended Sweet. Apparently, the financial industry watchdog contacted her in 2016 and asked for her files or information. It seems that FINRA only asks for a broker’s information if it is suspicious of the broker’s misconduct. In either event, Sweet supposedly did not respond to FINRA’s request. Because of this, on December 2, 2016, FINRA suspended her in all capacities, preventing her from working as a broker for any FINRA member firm during that time. In fact, it was not until October 3, 2017 that Sweet resolved this suspension by producing “all responsive information in her possession.”
Investor Files Dispute About Sweet Suggesting That She Conspired To Deceive Shareholders
Also, FINRA BrokerCheck contains an disclosure about Melanie Sweet. Namely, a plaintiff filed a lawsuit (Case #: 502010CA17971XXXXMBAE) in the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida. The lawsuit is in regard to Sweet’s activities at Invest Financial Corp. First of all, the plaintiff alleged that Sweet breached a fiduciary duty. Secondly, the plaintiff alleged that Sweet was part of a conspiracy to deceive the plaintiff. However, the Court stayed this matter on March 14, 2018. It seems that the Court awaits a judgement or order from Delaware Chancery on “several matters.”
Melanie Sweet Possibly Sold Or Recommended Stock In Hawk Entities
Also, publicly available information suggests that while at Investors Capital Corp or Buckman, Buckman & and Reid, Inc., Melanie Sweet possibly sold or recommended stock in Hawk entities including Hawk Systems, Inc., Hawk Biometric of Canada, Inc. and Hawk Biometric Technologies. Notably, a shareholder derivative fraud suit has been filed in Palm Beach County, Florida in regard to the Hawk entities.
Did Melanie Sweet Cause Your Losses?
Apparently, Sweet is not registered as a broker at this time. Did you purchase investments through Melanie Sweet? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel in regard to possibly recovering your investment losses. Soreide Law Group represents clients on a contingency fee basis and will advance all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities firms and brokers like Sweet.