David L. Ferland, of York, Maine, a stockbroker formerly registered with Invest Financial Corporation, has been named in a customer initiated investment related civil action, which settled on July 26, 2016, for $749,804.03 in damages based upon allegations that Ferland misled the customer regarding the purchase of an unsuitable annuity transaction, a home equity loan, and a promissory note arrangement which Ferland effected outside the auspices of his firm. The customer allegedly loaned an estimated $721,408.00 to Ferland, which Ferland failed to repay when due.
Ferland’s registration with Invest Financial Corporation ended on August 20, 2012. Since August 17, 2012, Ferland has been registered with Ameriprise Financial Services, Inc.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
