Category Archives: Ameritas Investment Corp

Michael J. Blake-Former Ameritas Investment Broker-Discloses Numerous Customer Complaints Involving Promissory Notes-Paradise Valley, AZ

April 2017-Paradise Valley, AZ

The FINRA records of  Michael J. Blake ,  a  stockbroker who is currently unregistered and who last was employed by  Mid Atlantic Capital Corp. disclose a prior regulatory matter, 5 currently pending customer disputes and 4 prior customer disputes.

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 prior customer dispute, FINRA case #9-04700 a customer of Ameritas Investment Corp. alleged damages of $1.5 million in connection with a real estate security. That case was settled for $475,000.

The pending customer disputes include:

  • CV 2017-0061 pending in Superior Court of Arizona in which an Ameritas customer alleges damages of $875,000 in connection with a promissory note investment.
  • FINRA arbitration #16-01182 in which a customer of Ameritas Investment Corp. alleges damages of $425,000 in connection with a promissory note investment.
  • FINRA arbitration #15-3118 in which another customer of Ameritas Investment Corp. alleges damages of $425,000 in connection with a promissory note investment.
  • 2-13 CV-02461-MEA pending in US District Court-District of Arizona in which another Ameritas customer alleges damages of $450,000 in connection with a promissory note investment.

Blake was registered with Ameritas Investment Corp.  from 6/2005-3/2013..

If you have questions about an account handled by Michael J. Blake, call to learn about your options.

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

Thomas Carreras-Ameritas Investment Broker-Discloses Customer Dispute- West Palm Beach, FL

January 2017-West Palm Beach, FL

According to publicly available records Thomas B. Carreras (CRD# 1815164) ,  a  stockbroker currently employed by Ameritas Investment Corp.  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.

A customer of Ameritas Investment Corp. has filed FINRA Case # 16-2816, seeking damages of $95,000 and  alleging that Carreras mishandled his third party money managed account, breaching his fiduciary duty, churning the account, negligence and breaching contractual obligations.

Carreras has been registered with Ameritas Investment Corp. since October 2003.  He was previously registered with Intervest International Equities and Woodbury Financial Services.

If you have questions about an account in an account handled by Thomas B. Carreras , contact us to discuss your legal options.

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

John S. Bixby-Former Ameritas Investment Broker-Discloses Discharge and Customer Disputes

January 2017-Lincoln, NE

According to publicly available records   John S. Bixby,  a  stockbroker currently employed by Drexel Hamilton discloses a  separation from employment after allegations and two finalized customer disputes.

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 June 2016, Bixby was ‘Discharged’ from Ameritas Investment Corp, who made the following allegations in connection with the separation from employment: “The registered representative failed to follow firm policies and procedures regarding communications with clients and sales practices”

Bixby has been registered with Drexel Hamilton since November 2016 and was registered with Ameritas Investment Corp. from 2/1989-6/2016.

If you have questions about an account in an account handled by John S. Bixby , contact us to discuss your legal options.

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

Larry D. Freie-Former Sunset Financial Services Broker-Discloses Customer Disputes

August 2016- Lincoln, NE

The FINRA records of Larry D. Freie ,  a  stock broker who is currently  employed by Ameritas Investment Corp.  disclose a prior customer dispute and one currently 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.

In the currently pending matter a customer of Freie’s prior employer, Sunset Financial Services, alleges that he was misled related to direct investments that he purchased for $190,000. No specific damages are pleaded.

In the prior matter, FINRA Case 13-0079, a customer of Sunset Financial Services alleged damages of $275,907 and that the firm through Freie misrepresented and recommended unsuitable investments in real estate securities. That case was settled for $107,500.

Freie has been employed by  Ameritas Investment Corp.  since 2/2014. He was employed by Sunset Financial Services from 1/2007-3/2014.

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

Peter B. Cohen-Ameritas Investment Broker-Discloses Pending Litigation

August 2016- Simsbury, CT

The FINRA records of Peter B. Cohen ,  a  stock broker who is currently  employed by Ameritas Investment Corp.  disclose a currently 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.

A customer of Ameritas Investments Corp. filed an action for damages in State of Rhode Island Superior Court, Washington County, alleging fraudulent inducement, misrepresentation, negligence, breach of fiduciary duty, civil conspiracy and unjust enrichment in connection with the purchase of an insurance product. No specific amount of damages are alleged.

Cohen has been employed by  Ameritas Investment Corp.  since 7/2008.

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

Moosic Broker Jason Muskey Accused of Stealing From Relatives-Including Mother

November 15, 2014- The Scranton Times-Tribune reports that Jason Muskey of Moosic, PA, has been sued for stealing from his mother, his wife’s uncle and two others.

According to the suit, Muskey took advantage of people, mostly blue collar workers, who were not experienced in financial dealings and covered up his fraud for years by creating and sending out phony quarterly statements which led the victims to believe they were making money.

The suit names Ameritas Life Insurance and Ameritas Invesment Corp, since according to the allegations Muskey works the third shift at a warehouse and is broke.

FINRA records indicate the following about Muskey’s past professional career:

  • He was licensed with Ameritas Investment Corp from 6/2006-6/2014
  • He was licensed with Carillon Investments from 1/2006-6/2006
  • In June 2014 he was barred from the securities industry for failing to respond to a regulatory investigation
  • In June 2014 the United States Secret Service initiated an investigation into allegations of theft and forgery
  • There are 5 pending customer disputes and 1 customer dispute that has been resolved against Jason Muskey.

Ameritas Investment Corp. was formed in 1984. They have nearly 1,300 registered representatives in over 550 offices nationwide. Their main office is located in Lincoln, Nebraska.

Rex Securities Law provides nationwide representation to investors 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.

If you suffered losses in an account handled by Muskey, contact us to discuss how you may be  entitled to damages.

Rex Securities Law

561 391 1900

Stockbroker Richard A. McGuire Sanctioned by Regulators

November 3, 2014- The Financial Industry Regulatory Authority (FINRA) barred Richard A. McGuire from associating with any FINRA member firm in any capacity and ordered him to pay restitution of $95,000, plus interest for forging a former customer’s signature to loan agreements. Disciplinary proceeding No. 20110273503. 

According to FINRA records, McGuire was registered with the following firms:

  • Financial West Group                      7/28/2014-11/3/2014
  • Cabot Lodge Securities                   3/2013-8/2014
  • Investacorp, Inc.                                  6/2011-12/2012
  • Americas Investment Corp.         12/2009-4/2011

If you suffered losses in an account managed by McGuire, contact us to learn how you may be able to recover damages.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

561 391 1900