Investors potentially experienced sales practice violations by securities broker Patricia Walker Pick (also known as Patricia Ann Pick and Patricia Ann Walker) [CRD: 726788, Vienna, Virginia], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Patricia Pick worked for Hightower Securities LLC from January 30, 2015, to June 5, 2023. Read on to find out more about the disclosures involving Patricia Pick.
Hightower Securities Investor Accused Pick Of Negligence, Breach Of Contract, And Unsuitable Recommendations
Evidently, a Hightower Securities LLC client filed FINRA Arbitration No. 23-02035 about Patricia Pick. Primarily, the client alleged that Pick was negligent, breached a contract, breached her fiduciary duty, failed to supervise certain representatives, and made unsuitable recommendations involving investments in private placement products purchased during October 2015 and January 2017. For this reason, the client allegedly incurred damages connected to direct investments. Therefore, on March 23, 2024, Hightower Securities LLC settled this matter by paying the client $49,500.
Patricia Pick Disclosed Unauthorized Trading Allegations By Morgan Stanley Smith Barney Client
Also, a client of Morgan Stanley Smith Barney contested Patricia Pick’s sales practices, according to a complaint. Allegedly, Pick engaged in unauthorized trading. Specifically, the client claimed that the sale of Apple shares resulting from an option call transaction was not authorized. It appears that Pick allegedly caused the client to incur damages associated with stocks and closed-end funds. As a result, Morgan Stanley Smith Barney agreed to settle the matter on March 24, 2010, by compensating the client in the amount of $12,438.
Have You Made Investments Through Financial Advisor / Securities Broker Pick?
Did you experience losses because of Patricia Pick? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the United States. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Pick and brokerage firms Pick worked for deny allegations of sales practice violations.
