Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » Investors Settle FINRA Arbitration Claim Against H. Beck Over Alternative Investments

stockbroker misconduct

Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments,  Real Estate Investment Trusts or REITs, and Business Development Companies or BDCs during the time that Felsenfeld was associated with H. Beck Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-04152 (January 18, 2022).

This is not the first time that Felsenfeld has been referenced in a customer initiated investment related dispute concerning Felsenfeld’s conduct in the securities industry. FINRA Public Disclosure shows that Felsenfeld was also referenced in a complaint filed on October 1, 2020, in which the customer requested compensation based upon allegations that Felsenfeld made unsuitable recommendations of real estate investment trusts and unit investment trusts when Felsenfeld was associated with H. Beck Inc.

Felsenfeld was associated with H. Beck Inc. in Bethesda, MD, as a stockbroker from September of 2009 to October of 2017, and associated with H. Beck Inc. in Rockville, MD, as an investment advisor representative from September of 2009 to October of 2017.

Felsenfeld has been associated with Kingswood Wealth Advisors LLC in Rockville, MD, as an investment advisor representative since October 18, 2017, and associated with Kingswood Capital Partners LLC in Rockville, MD, as a stockbroker since June 15, 2018.