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.
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