Grosse Pointe Farms, MI
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.
Florida-561 391 1900