Joshua William Patterson, of Houston, Texas, a stockbroker currently registered with IMS Securities, Inc., has been named in a customer initiated investment related arbitration claim on April 7, 2017, in which the customer requested $1,233,805.00 in damages based upon allegations that Patterson breached his contractual and fiduciary duties to the customer, failed to conduct due diligence prior to making investment recommendations and effecting securities sales, negligently managed the customer’s investments, and made misrepresentations to the customer concerning real estate investment trust and equipment leasing products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure further reveals that on July 15, 2016, a customer filed an investment related arbitration claim involving Patterson’s conduct, in which the customer requested $3,000,000.00 in damages based upon allegations against Patterson of misrepresentation, breach of fiduciary duty, over-concentration and negligence in connection with real estate securities and variable annuity transactions effected in the customer’s account.
Subsequently, on November 10, 2016, a customer filed an investment related arbitration claim concerning Patterson’s activities, in which the customer requested $100,000.00 in damages based upon allegations that Patterson effected direct investment program transactions in the customer’s account without adequately conducting due diligence on the investments beforehand.
Guiliano Law Group
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