Category Archives: Investor’s Capital Corp.

James Franklin – Former Investors Capital Corp. Broker- Discloses Customer Dispute- Houston, TX

June 2017 – Houston, TX

According to publicly available records James A. Franklin  (CRD#4799613) ,  a  stockbroker who currently is employed by 1st Global Capital 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.

In April of 2017,  a customer of Investors Capital Corp.  filed a customer dispute for damages of  $50,000  alleging that Franklin misrepresented the liquidity of REITs sold to him.

Franklin has been employed by 1st Global Capital since March of 2017.    He was with Cetera Capital Corporation  from October of 2016 to March 2017, and with Investors Capital Corporation beginning in September 2010. Franklin discloses a business affiliation with Molen Financial LLC.

If you have questions about an account handled by James A. Franklin , contact us to discuss 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

Bernard Breton -Cetera Advisors Broker-Discloses Pending Customer Dispute- Parker, CO.

April 2017-Parker, CO

According to publicly available records Bernard A. Breton, (CRD#2030660) ,  a  stockbroker who is currently registered with  Cetera Advisors, 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.

In FINRA case #15-03220, a customer of Cetera Advisors alleges that the firm failed to supervise broker Abraham Heimann‘s trading activities and seeks damages in the amount of $876,195. Breton discloses that he was named as a result of his position as Vice President of Cetera Advisors and claims he did not have any involvement with the sales of the investments in this claim.

Breton has been employed with Cetera Advisors  since 1/2013  and was previously employed by Investors Capital Corp.

See this for more information on Investors Capital Corp’s prior regulatory problems. 

If you have questions about an account in an account handled by Bernard Breton 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

 

Mark C. O’Meara – McNally Financial Services Broker-Discloses Customer Disputes-Georgetown, TX

June 2017 – Georgetown, TX

According to publicly available records Michael C. O’Meara  (CRD#2652113) ,  a  stockbroker who currently works for San Antonio-based McNally Financial Services Corp.  discloses three prior final 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.

Prior customer disputes against Michael C. O’Meara resulting in the payment of compensation include:

  • FINRA 12-03167 -While employed by Investors Capital, Corp. a customer sought damages of $400,000 and alleged unsuitability in connection with the purchase direct participation programs  & limited partnership interests.   The case was settled in the amount of $125,000.
  • While employed with Banc One Securities Corporation,  a customer sought damages of $73,454  and alleged “failure to execute an order to sell” involving Mutual Funds.   That case was settled in the amount of $65,000.

O’Meara has been employed  by McNally Financial Services since 8/2013.    He was previously employed by Investors Capital, Corp. from 7/2008 to 1/2011, Genworth Financial Serviced 1/2011-3/2011, United Planners Financial Services 3/2011-7/2013.

O’Meara discloses a business affiliation with O’Meara Financial Services in Georgetown, TX.

If you have losses in an account handled by Mark C. O’Meara, you may be able to recover damages from his employer through FINRA arbitration. Call to discuss 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

Nicholas Toadvine – Former Investors Capital Corp. Broker- Discloses 12 Prior Final Customer Disputes – Lakeland, FL

May 2017- Lakeland, FL

According to publicly available records Nicholas S. Toadvine, (CRD#3260858) ,  a  stockbroker who  was previously registered with Investors Capital Corp. discloses 12  prior final  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.

Eleven of the customer disputes were brought by customers of Toadvine’s prior employer Investors Capital Corp. and alleged unsuitable investments.  Those cases include:

  • FINRA case #14-01270- a customer of Investors Capital Corp. alleged damages of  $350,000  in connection with Oil and Gas & Real Estate Securities.   The case was settled for $132,000.
  • FINRA case #14-01392, a customer of Investors Capital Corp. alleged damages of $499,999  in connection with Oil & Gas and Real Estate Securities.    The case was settled for $140,000.
  • FINRA case #12-04257, a customer of Investors Capital Corp. alleged damages of $825,000 in connection with direct investments in limited partnerships and real estate securities.    The case was settled for $230,478.

Nicholas Toadvine was employed with Investors Capital from 6/2002 until 2/ 2012. He is currently employed by Calton & Associates, Inc. His prior employment includes Brookstone Securities, Inc. and Cabot Lodge Securities.  

If you have questions about an account in an account handled by Nicholas Toadvine,  contact us to discuss your legal options.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

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 G. Chess – Former Investors Capital Corp. Broker- Discloses Customer Disputes – Columbus, OH

May 2017- Columbus, OH

According to publicly available records John G. Chess , (CRD#4812430) ,  a  stockbroker who  was previously registered with Investors Capital Corp. discloses two prior final  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 FINRA case #14-01865 a customer of Investors Capital Corp. alleged damages of  $1,361,799.80 in connection with a tax free exchange  utilizing a tenant in common property (TIC).   The case was settled for $500,000.

In FINRA case #13-02228 a customer of Investors Capital Corp. alleged damages of $2,600,000 in connection with direct investments – DDP and LP Interests.  The case was settled for $362,500.

John G. Chess was employed with Investors Capital from 7/2007 until 12/ 2010. He is currently employed by Investacorp, Inc.  He discloses a business affiliations with Chess Financial and Realty Invest Co., both of Columbus, OH.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have questions about an account in an account handled by John G. Chess 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

Alan M. Cobb – Former Investors Capital Corp. Broker- Discloses Customer Dispute-Providence, RI

May 2017-Providence, RI

According to publicly available records Alan M. Cobb, (CRD#49158) ,  a  stockbroker who  was previously registered with Investors Capital Corp., discloses 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 FINRA case #12-01078,  a customer of Investors Capital Corp. alleged damages of  $20,164  in connection with losses relative to bond purchases .   The case was settled for $247,500.

Cobb was employed with Investors Capital from December of 2001 until December of 2015. He is not currently registered.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have questions about an account in an account handled by Alan Cobb 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

Richard Cella – Former Investors Capital Broker- Discloses Customer Dispute- Danvers, MA

April 2017- Danvers, MA

According to publicly available records Richard C. Cella, (CRD#1225988) ,  a  stockbroker who  was previously registered with Investors Capital Corp. discloses a customer dispute over a tenant in common investment (TIC).

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 #14-01842 a customer of Investors Capital Corp. alleged damages of  $1,991,869 in connection with a tax free exchange  utilizing a tenant in common property (TIC).   The case was settled for $715,000.

Cella was employed with Investors Capital from November 2003 until August of 2016. He is currently employed by United Planners Financial Services. He discloses a business affiliation with Ipswich Bay Advisors and 401K Capital Advisory.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have questions about an account in an account handled by Richard Cella 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