Donnie Ingram Investigation
September 2022-Winter Haven, FL
According to publicly available records Donnie E. Ingram, (CRD# 1416971) , a stockbroker who previously worked for Centaurus Financial Inc. , disclose 9 prior customer disputes and 2 regulatory investigations.
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 7/2022 Ingram received a Wells Notice that FINRA had made a preliminary determination to recommend that disciplinary action be brought against him for allegedly violating FINRA Rule 2010. In 3/2020 FINRA previously determined that disciplinary action be commenced against Ingram for violation of FINRA rules related to unsuitable transactions.
Prior resolved FINRA arbitrations include:
- 17-928- a customer of Cetera Advisors, Ingram’s prior employer was paid $23,000 to resolve allegations related to unsuitable recomendations.
- 16-2238-a customer of Investors Capital Corp. alleges damages of $906,354 related to the purchase of unsuitable alternative investments during the period 2003-2015. The case was settled for$200,000.
- FINRA arbitration 16-2599-a customer of Investors Capital Corp. alleges damages of $222,266 related to the purchase of unsuitable alternative investments in real estate and other investments during the period 2005-2011. The case was settled for $46,000.
- FINRA arbitration 16-2304-a customer of Investors Capital Corp. alleges damages of $230,457 related to the purchase of unsuitable alternative investments in real estate and other investments during the period 2011-2012. The case was settled for $45,000.
Ingram was been employed by Centaurus Financial from 7/2016 – 10/2020 . He was employed by Investors Capital Corp. from 2/1997-7/2016
In November 2016, Investors Capital Corp., a part of the Cetera Group, withdrew its FINRA registration and closed operations, transferring many of its brokers and customers to Summit Brokerage Services..
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 Donnie E. Ingram, 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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