Kim Kopacka-IMS Securities Broker-Sued Over Real Estate Investments

Grosse Pointe Farms, MI

According to FINRA records Kim Kahala Kopacka ,   a stockbroker who currently is employed by IMS Securities.   discloses  two pending customer disputes involving real estate investments.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Kopacka’s FINRA record indicates that in FINRA case 16-01308, a customer of IMS Securities  alleges damages of $450,000 for unsuitable recommendations and negligence  in connection with an investment in a real estate investment trust (REIT).

In FINRA case 16-01265, a customer of IMS Securities alleges damages of $320,000 for unsuitable recommendations, negligence and violations of securities laws in connection with an investment in a real estate security.

Brokers have a duty to make investment recommendations that are suitable for the customer, taking into account the age, health, investment objective and risk tolerance of the investor. Many of the real estate investment trusts (REITs) that were sold over the past decade are not suitable for the elderly and retired.

If you have questions about an account handled by Kim Kopacka, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Malcolm Segal-Former Aegis Capital Broker-Sentenced to 126 Months on Ponzi Scheme

June 25, 2016-Philadelphia

Former Aegis Capital Corp. stock broker Malcolm Segal, of Langhorne, Pennsylvania, and Boynton Beach, FL, was sentenced to 126 months in prison in connection with a Ponzi scheme. In addition he was ordered to pay $3 million in restitution.

Segal fraudulently sold CDs to his clients claiming that they would earn more than FDIC-insured CDs. Link to SEC press release for more details.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Charles Geraci-VSR Financial Services Broker-Discloses Customer Disputes

The Woodlands, Texas

According to FINRA records, Charles Geraci  a stockbroker who is employed by VSR Financial Services ,  discloses one pending customer dispute and 6 prior customer disputes that have been resolved .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case #16-1180, a customer Geraci alleges damages of $930,216 for negligent misrepresentation, breach of contract and unsuitable investments in equipment leasing, real estate securities, limited partnerships and other direct investments.

VSR Financial Services Problems with Alternative Investments

In July 2013, FINRA fined VSR Financial $550,000 for over concentrating   customer accounts with various  alternative investments. See this for more information.

We have represented a number of people with claims against VSR Financial Services  for losses suffered on investing in REITs, oil and gas partnerships, equipment leasing and other alternative investments during the past several years . Follow this link for more information on our investigation into the sales practices of VSR Financial Services.

Many of these investments were purchased years ago and persons suffering damages from these investments should be aware that there are statutes of limitations and regulatory rules that may make it impossible to collect damages if claims are not brought in a timely manner. Victims who wish to pursue their claims should act now without further delay or risk losing valuable legal rights.

If you have questions about an account handled  by Charles Geraci , call for a no charge consultation.

 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

James F. Fosbre-Former United Planners Broker-Discloses Termination From Employment

Bayville, New Jersey

According to FINRA records,  James F. Fosbre, IV  a stockbroker  who formerly worked for United Planners Financial Services ,  discloses a prior final customer dispute , a termination from employment and five pending judgment/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

James F. Fosbre discloses that in 2/2016 he was permitted to resign from United Planners Financial Services , who made the following allegation in connection with the termination: “failure to update U4 Financial Disclosure (bankruptcy) in a timely manner“.

Fosbre discloses that he was discharged from Chapter 7 bankruptcy in 8/2015.

Fosbre  was been employed by United Planners Financial Services  from 9/1999-2/2016. He has been employed by Fortune Financial Services since 2/2016.

If you have questions about an account handled  by James F. Fosbre, IV , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Eric W. Harding-Former Wells Fargo Broker-Discloses Termination

Scottsdale, AZ

According to FINRA records,  Eric W. Harding  a stockbroker  who formerly worked for Wells Fargo Advisors ,  discloses  ten prior final customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Eric W. Harding discloses that in 12/2015 he was discharged from Wells Fargo Advisors, who made the following allegation in connection with the termination: “Mr. Harding instructed another team member to provide incorrect information on his business expense records. The conduct at issue did not negatively impact client funds or investments”.

Of the ten prior customer disputes, 7 resulted in monetary settlements.

Harding  has been employed by United Planners Financial Services  since 2/2016. He was employed by Wells Fargo Advisors from  2/2002-1/2016.

If you have questions about an account handled  by Eric W. Harding , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Marvin T. Petty-United Planners Broker-Discloses Customer Dispute

Fort Worth, Texas

According to FINRA records,  Marvin T. Petty, Jr.  a stockbroker  who works for United Planners Financial Services ,  discloses  a pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Marvin T. Petty discloses that a customer has alleged damages of $350,000. The firm notes “to meet the client’s income needs the representative implemented, with the consent of the client, a strategy of selling covered options between November 2013 and March 2015. In March 2016 the representative received a complaint letter noting suitability and tax consequences.” The matter is under review.

Petty  has been employed by United Planners Financial Services  since 9/2011. He was employed by Weaver Tidwell Capital prior to that.

If you have questions about an account handled  by Marvin T. Petty , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Bassam A. Salem-Wunderlich Securities Broker-Discloses Pending Customer Dispute

Birmingham, Michigan

According to FINRA records,  Bassam A. Salem,  a stockbroker  who currently works for Wunderlich Securities ,  discloses  a pending customer dispute and a prior final customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In a currently pending FINRA Case #16-01161, a customer  alleges damages of $281,000 for unsuitability, unauthorized trading, failure to supervise and breach of fiduciary duty from 2011-2015.

In a prior case FINRA Case #9-2531 a customer while Salem was employed by UBS Financial alleged damages of $300,000 for unsuitable investments and failure to diversify. That case was settled for $92,500.

Salem  has been employed by Wunderlich Securities  since 1/2011. Prior to that he was employed by UBS Financial.

If you have questions about an account handled  by Bassam A. Salem , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael J. Hebner-Former Wunderlich Securities Broker-Discloses Pending Customer Dispute

Flint, Michigan

According to FINRA records,  Michael J. Hebner,  a stockbroker  who currently works for IFS Securities ,  discloses  a pending customer dispute,  four prior final customer disputes and a termination.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In a currently pending dispute, a customer while Hebner was employed by Ferris, Baker, Watts, RBC Capital and Wunderlich Securities, alleges damages of $500,000 for poor performance, unsuitable positions, unauthorized changes to account and loss of money market funds occurring from 2009 through April 2014.

Hebner discloses that in January 2015 he was discharged from Wunderlich Securities for failure to follow firm procedures regarding the approval and retention of correspondence.

Hebner  has been employed by IFS Securities  since 2/2015.

If you have questions about an account handled  by Michael J. Hebner , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Current information for investors seeking information on recovery of investment losses due to the negligence or fraud of stockbrokers and brokerage firms. Nationwide representation.