May 2017- Lakeland, FL
According to publicly available records Nicholas S. Toadvine, (CRD#3260858) , a stockbroker who was previously registered with Investors Capital Corp. discloses 12 prior final 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.
Eleven of the customer disputes were brought by customers of Toadvine’s prior employer Investors Capital Corp. and alleged unsuitable investments. Those cases include:
- FINRA case #14-01270- a customer of Investors Capital Corp. alleged damages of $350,000 in connection with Oil and Gas & Real Estate Securities. The case was settled for $132,000.
- FINRA case #14-01392, a customer of Investors Capital Corp. alleged damages of $499,999 in connection with Oil & Gas and Real Estate Securities. The case was settled for $140,000.
- FINRA case #12-04257, a customer of Investors Capital Corp. alleged damages of $825,000 in connection with direct investments in limited partnerships and real estate securities. The case was settled for $230,478.
Nicholas Toadvine was employed with Investors Capital from 6/2002 until 2/ 2012. He is currently employed by Calton & Associates, Inc. His prior employment includes Brookstone Securities, Inc. and Cabot Lodge Securities.
If you have questions about an account in an account handled by Nicholas Toadvine, contact us to discuss your legal options.
INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016
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.
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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