Tag Archives: Investors Capital Corp investigation

John G. Chess – Former Investors Capital Corp. Broker- Discloses Customer Disputes – Columbus, OH

May 2017- Columbus, OH

According to publicly available records John G. Chess , (CRD#4812430) ,  a  stockbroker who  was previously registered with Investors Capital Corp. discloses two 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.

In FINRA case #14-01865 a customer of Investors Capital Corp. alleged damages of  $1,361,799.80 in connection with a tax free exchange  utilizing a tenant in common property (TIC).   The case was settled for $500,000.

In FINRA case #13-02228 a customer of Investors Capital Corp. alleged damages of $2,600,000 in connection with direct investments – DDP and LP Interests.  The case was settled for $362,500.

John G. Chess was employed with Investors Capital from 7/2007 until 12/ 2010. He is currently employed by Investacorp, Inc.  He discloses a business affiliations with Chess Financial and Realty Invest Co., both of Columbus, OH.

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. 

If you have questions about an account in an account handled by John G. Chess 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gerard Figari of Loyd Capital Performance Partners -Discloses Settlement of Customer Disputes-Stuart, FL

April 2017- Stuart, FL

According to publicly available records Gerard G. Figari, (CRD#1343962) ,  a  stockbroker who was previously registered with Investors Capital Corp. discloses 5 prior 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.

In FINRA case #12-1768 a customer of Investors Capital Corp. alleged damages of $400,000 in connection with a direct investment in Reef Income & Development Fund. That case was settled for $125,000.

In FINRA case#11-0814 a customer of Investors Capital Corp alleged damages of $100,000 in connection with a direct investment in Provident Shale Royalties 17 which the customer alleged to be unsuitable. That case was settled for $80,000.

In FINRA case #10-4809 a customer of Investors Capital Corp alleged damages of $250,000 for an investment in DBSI Chinden Road which the customer alleged to be unsuitable. That case was settled for $157,152.

Figari was employed with Investors Capital from 11/2002-10/2016. He is currently employed by Cetera Advisors. Figari discloses a business affiliation with Loyd Capital Performance Partners in Stuart, FL .

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. 

If you have questions about an account in an account handled by Gerard Figari or have losses in alternative investments purchased from Investors Capital Corp. contact us to discuss your legal options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures.  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Kent Argue – Former Investors Capital Broker- Discloses Customer Dispute – TULSA, OK

April 2017- Tulsa, OK

According to publicly available records Kent L. Argue, (CRD#4482886) ,  a  stockbroker who is currently not registered  and was previously registered with Investors Capital Corp. discloses a settled customer dispute.

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 FINRA case #13-00225 a customer of Investors Capital Corp. alleged damages of $1,447,708 in connection with direct investments, limited partnerships and real estate investments. That case was settled for $257,546.

Argue was employed with Investors Capital from May of 2006 until December of 2012.

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. 

If you have questions about an account in an account handled by Kent Argue or have losses in alternative investments purchased from Investors Capital Corp. 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Daniel Vasquez, Sr. – Former Investor’s Capital Broker – Discloses Customer Disputes & Regulatory Event – Irvine, CA

April 2017-Irvine, CA 

According to publicly available records Daniel Vasquez, Sr. , (CRD#3141463) ,  a  stockbroker who is currently not registered, but previously worked for Cetera Advisors and Investors Capital Corp discloses two final regulatory events, three pending customer disputes and three prior 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.

In September 2016 FINRA permanently barred Vasquez from the securities industry for failing to respond to FINRA request for information.

In pending FINRA   case 2012 0306704 a customer of Foothill Securities alleges damages of $150,000 for unsuitable investments.

In pending FINRA case #16-02455 a customer of Investors Capital Corp and Cetera Advisors alleges of $107,392 for unsuitable investments and unauthorized trading, including an investment in the NEON Fund.

Vasquez was employed by Cetera Advisors from 11/2013 – 5/2016  and was previously employed by Investors Capital Corp. from 9/2011 – 11/2013 and with Foothill Securities 9/2009-9/2011. .

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. 

If you have questions about an account in an account handled by Daniel B. Vasquez, Sr.  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Donnie E. Ingram-Former Investors Capital Corp. Broker-Discloses Customer Disputes-WInter Haven, FL

April 2017-Winter Haven, FL

According to publicly available records Donnie E. Ingram, (CRD# 1416971) ,  a  stockbroker who previously worked for Investors Capital Corp and who is currently employed by Centaurus Financial Inc.  disclose 5  pending customer disputes  and 3 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.

The currently pending FINRA arbitrations include:

  • 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.
  • 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.
  • 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.

Ingram has been employed by Centaurus Financial  since 7/2016. 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. 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. 

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870