Jeff LaBelle Investigation
August 2022- Sarasota, FL
According to available records, Jeffery (Jeff) Guy LaBelle , a currently unregistered broker who was previously registered with First Allied Securities, Inc. discloses 13 prior customer disputes and 14 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.
From April 2019 until March 2022, 10 customer disputes involving LaBelle were filed by First Allied Securities, Inc. customers alleging among other things: unsuitable investments, breach of fiduciary duty, failure to supervise, negligence, breach of contract, misrepresentation, over-allocation in illiquid investments, due diligence, fraud, failure to supervise, violation of FINRA rules, and negligent supervision. The cases were collectively settled for about $337,200.
From March 2020 until March 2022, 14 customer disputes involving LaBelle were filed by First Allied Securities, Inc. customers alleging among other things: unsuitable investments, breach of contract, breach of fiduciary duty, negligence, negligent supervision, misrepresentation, over-concentration and fraud with alleged collective damages in excess of $1.4 million. These cases are all pending.
LaBelle was employed with Kovack Advisors LPL Financial from July 2018 until December 2019. Before that, he was with First Allied Securities, Inc. from August 2012 until July 2018. Earlier in his career, LaBelle was discharged by SII Investments for failure to follow firm policies and procedures regarding advertising. Labelle also discloses affiliations with Gulf Coast Wealth Advisors and LaBelle & Associates of Sarasota, FL..
If you have questions about an account handled by Jeffrey LaBelle, call to speak with an experienced securities attorney. No charge for initial consultation.
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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