BROKER REPORT: Rudolf Malebranche Is Fined $5,000 and Suspended from the Securities Industry for Three Months

The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints against stockbroker Rudolf Malebranche.  Mr. Malebranche was employed and registered with Santander Securities LLC.  He was previously registered with J.P. Morgan Securities LLC, Chase Investment Securities Corp., Wachovia Securities, Morgan Stanley DW, Inc., Prudential Securities, Inc. and Whale Securities Co., L.P., according to his publicly available BrokerCheck, as maintained by the Financial Industry Regulatory Authority (FINRA).

According to his BrokerCheck report, a Letter of Acceptance, Waiver and Consent (AWC) was accepted by FINRA stating that Mr. Malebranche was fined $5,000 and suspended from associating with any broker-dealer for three months as a result of submitting a switch form, which authorized the sale of two mutual funds, after himself filling in the customer’s initials on the form without the authorization from the client.  As a result of this conduct, Mr. Malebranche was also discharged from employment with J.P. Morgan Securities LLC, according to industry records.

Mr. Malebranche also was the subject of a customer complaint alleging unsuitability in connection with the sale of a fixed annuity, resulting in $15,892.28 repaid to the customer (more than the $15,650 requested), according to the BrokerCheck report.

If you or a family member lost money that was invested with Mr. Malebranche, you are encouraged to contact the securities fraud lawyers at Malecki Law for a free consultation and case evaluation at (212) 943-1233.

Malecki Law has successfully brought securities actions on behalf of investors who suffered losses as a result of unscrupulous actions taken in their securities accounts, recovering millions of dollars for their clients.

Malecki Law takes a proactive and informed approach to the financial news of today: actively engaging in fact-finding analysis on prospective cases from around the world. Our thorough knowledge of securities law’s history and fine points makes us ideal consultants for investors who have suffered losses due to misadvice from their broker or other financial counsel.