March 2018-Terre Haute, Indiana
We recently filed FINRA Case #18-1047 on behalf of an 81 year old widow from Terre Haute, Indiana, who alleges that Parkland Securities (formerly Sammons Securities) stock broker Steven Eugene Love failed to follow her instructions to invest her retirement funds in safe, suitable investments.
The FINRA arbitration alleges that Parkland Securities failed to supervise Love and allowed him to invest a large percentage of our client’s retirement funds in high commission, illiquid, risky and non-publicly traded real estate investment trusts (REITs) and other alternative investments.
The arbitration claim seeks damages of $100,000-$500,000.
FINRA BrokerCheck records indicate that Love has been employed by Parkland Securities since 8/2013 and has a business affiliation with Love Financial Services. Love was discharged by Alanar Incorporated, a prior employer, in 2003 for inappropriate trade activity related to private placements.
If you have questions about an account handled by Steven E. Love, call for a no charge consultation to discuss your legal options.
Alternative investments include non publicly traded real estate investment trusts (REITS) , oil & gas partnerships and equipment leasing investments. These investments tend to be complex, illiquid, non transparent, hard to value and expensive. Many of these investments are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed for daily living or health related expenses.
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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