April 2017 – Houston, TX
According to publicly available records Steven Michael Knowlton , (CRD# 4527446), a stockbroker who is currently registered with IMS Securities discloses a prior regulatory event, four prior final customer disputes and five pending 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.
The pending customer disputes include:
In FINRA Case 16-03410, a customer of IMS Securities alleges damages of $100,000 for unsuitable recommendations, failure to supervise and lack of due diligence in connection with an investment in equipment leasing, oil and gas investments and real estate investment trusts (REITs).
In FINRA Case 16-01390, a customer of IMS Securities alleges damages of $144,000 for negligence and misrepresentation in connection with an investment in equipment leasing and real estate investment trusts (REITs).
In FINRA Case 15-03412, a customer of IMS Securities alleges damages of $100,000 for unsuitable investments from 12/2011-1/2015 in connection with direct investments in limited partnerships and real estate investment trusts (REITs).
Knowlton was been employed by IMS Securities since September of 2002 and is associated with the Knowlton Financial Group.
IMS Securities has been a FINRA member since 1994 and is headquartered in Houston, TX. They have about 105 associated persons and 57 branch offices.
If you have questions about an account in an account handled by Steven Michael Knowlton, contact us to discuss your legal options.
Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing and oil and gas limited partnerships. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.
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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