We are investigating former stockbroker Kyle Thomas Back of Blacklick, Ohio, who recently was suspended by the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he engaged in a pattern of unsuitable short-term trading of mutual funds and front-loaded unit investment trust (UIT) transactions.
FINRA findings state that in connection with 14 accounts, Back purchased and sold within a year mutual funds and UITs. Both of these products are intended to be held long term because they are front loaded. Customer losses exceeded $122,000 while paying commissions of over $46,000 to Back.
FINRA records indicate that Back previously was registered with Ameriprise Financial, Lantern Investments and WRP Investments. If you had an account with Back that suffered losses, you may be able to recover damages through FINRA arbitration.
Rex Securities Law provides nationwide representation to investors 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.
561 391 1900