March 2017-New York
According to publicly available records Revere Securities LLC , (CRD# 14178) , a FINRA registered broker dealer headquartered in New York City, discloses a pending regulatory matter , 9 prior final regulatory events and 3 prior customer arbitrations.
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 pending regulatory matter, Massachusetts securities regulators allege that Revere Securities failed to reasonably supervise one of is agents and that the firm engaged in dishonest and unethical conduct in violation of the Massachusetts securities act in connection with the sale of non-traded real estate investment trusts (REITs). Case #2015-0178. Sanctions sought include restitution, cease and desist, censure and disgorgement.
Prior regulatory issues include:
- Maine Office of Securities-In 2014 Revere Securities were fined $35,000 and subjected to other sanctions for engaging in unlicensed activities and other violations.
- Florida Office of Financial Regulation– In 2012 Revere Securities was fined and sanctioned for failing to file annual financial statements.
If you have losses on REITs purchased from Revere Securities or other questions about recovery of damages , 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.
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