Port Orange, Florida
According to FINRA records, Stephen Y. Dealy , a broker who was registered with Investors Capital Corp until 9/2014 , discloses a pending customer dispute and 9 finalized customer disputes. In addition, he discloses a FINRA regulatory matter and a $29,000 outstanding Internal Revenue Service lien, recorded in Volusia County, 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 pending FINRA Case 16-0287, Stephen Dealy discloses that a customer of Investors Capital Corp. alleges damages of $100,000 for unsuitable investments in oil and gas.
The prior customer disputes include:
- FINRA Case 14-148- a customer of Investors Capital Corp alleged damages of $536,360 for unsuitable investment losses. That case was settled for $160,000.
- FINRA Case 12-0010- a customer of Investors Capital Corp alleged damages of $489,000 for unsuitable investment losses. That case was settled for $230,000.
In January 2015, Dealy was suspended by FINRA for failing to timely report the federal tax lien and for failing to report written customer complaints.
If you have questions about a brokerage account handled by Stephen Dealy, call to discuss your legal options. You may be entitled to damages through FINRA arbitration.
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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