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.
Florida-561 391 1900