October 2016-Ft. Lauderdale, Florida/ Salt Lake City, UT
The FINRA records of Ian C. Kass, a former stockbroker who was last employed by Wilson-Davis & Co. disclose a pending regulatory event, a pending investigation and a recent employment separation after allegations. In September 2016, the U.S. Attorney’s Office for the Southern District of Florida reported that Kass, 45, of Ft. Lauderdale had been charged with one count of conspiracy to commit securities fraud in connection with a scheme to fraudulently register shell companies with the SEC, issue shares in the companies with were secretly owned by the other conspirators and sell the shares to the public at a profit.
Sheldon R. Rose, 77, of Sarasota was also charged with conspiracy to commit securities fraud. The other co-conpirators who previously pled guilty for their role in the fraud are:
- Daniel McKelvey, 49, Foster City, CA
- Jeffrey L. Lamson, 51, El Dorado Hills, CA
- Steven Sanders, 73, Lake Worth, FL
- Alvin S. Mirman, 78, Sarasota, FL
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 July 2016, Kass was discharged by Wilson-Davis & Co. who made the following allegations on Kass’s FINRA record in connection with the discharge:” With the assistance of outside counsel, reviewed documents, public filings, representative’s performance and compliance history, interviewed representative and concluded to terminate representative based on the pending government investigations.”
Kass was employed by Wilson-Davis & Co. from 7/2012-7/2016. Prior to that he was employed by Delaney Equity Group 7/2011-7/2011 and before that Gordon & Co. 6/2011-6/2011.
If you have losses in an account handled by Ian C. Kass , contact us to discuss how you may be able to recover damages for those losses.
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