Miami, Florida Stockbroker Cynthia "Cinder" Franke Accused of Wrongdoing

We are investigating South Florida stockbroker Cynthia "Cinder" Franke of brokerage firm Laidlaw & Company in Miami, Florida. We have found that Ms. Franke purchased unsuitably risky securities and made excessive trades in our elderly clients' brokerage accounts. We are bringing claims against Cinder Franke's employer, Laidlaw, seeking to hold Laidlaw liable for Ms. Franke's stockbroker negligence.

FINRA rules and general fiduciary duty obligations prohibit brokers from making excessive trades or churning a customer's account. Moreover, we believe that Laidlaw failed to supervise Cinder Franke properly, thereby allowing Ms. Franke to abuse investors. Stockbrokers also are prohibited from recommending securities that are unsuitable for the investor. Unsuitable investments can include those securities that involve more risk than the customer is willing or able to withstand. Our investigation of our clients' brokerage account

In additional to the wrongdoing committed against our law firm's clients, in October 2010, Cinder Franke was arrested and charged with a first degree felony for exploitation of the elderly involving $100,000 or more. We believe that these charges involve financial abuses of elderly clients involving hundreds of thousands or millions of dollars.

If you lost money in a brokerage account with Cynthia "Cinder" Franke at Laidlaw & Company or otherwise were financially exploited by Cinder Franke, please call a securities lawyer at Dimond Kaplan & Rothstein, P.A. for a free consultation. Our law firm represents investors who have been victims of securities fraud and stockbroker misconduct.

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