Donnie Eugene Ingram, of Winter Haven, Florida, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration claim on November 16, 2016, in which the customer requested $906,353.70 in damages based upon allegations that Ingram effected unsuitable transactions in the customer’s account pertaining to corporate debt, equity and real estate security products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Ingram has been named in seven additional customer initiated investment related disputes regarding allegations of Ingram’s unsuitable transactions while employed with Investors Capital Corp. Specifically, on August 21, 2013, a customer initiated investment related arbitration claim regarding Ingram’s activities was resolved for $232,500.00 in damages based upon allegations that Ingram effected transactions in the customer’s account which were not suitable regarding oil and gas products and real estate securities.
On October 11, 2013, another customer initiated investment related arbitration claim regarding Ingram’s activities was resolved for $1,167.60 in damages based upon allegations that Ingram effected unsuitable transactions in the customer’s account, and failed to conduct adequate due diligence concerning an investment in Inland Western Real Estate Investment Trust.
Further, on February 21, 2014, a customer filed an investment related written complaint regarding Ingram’s activities, in which the customer requested $309,275.00 in damages based upon allegations that Ingram effected unsuitable corporate debt and direct investment transactions in the customer’s account. On May 31, 2016, a customer filed an investment related arbitration claim involving Ingram’s conduct, in which the customer requested $100,000.00 in damages based upon allegations that Ingram effected unsuitable transactions in the customer’s account concerning investments in oil and gas, equity, and corporate debt products.
Subsequently, on August 22, 2016, a customer filed an investment related arbitration claim regarding Ingram’s activities in which the customer requested $308,437.98 in damages based upon allegations that Ingram overconcentrated the customer’s portfolio in corporate debt investments, and effected transactions in the customer’s account that were unsuitable. On October 12, 2016, another customer filed an investment related arbitration claim involving Ingram’s conduct, in which the customer requested $230,456.56 in damages based upon allegations that Ingram effected unsuitable transactions in the customer’s investment account. Moreover, on November 8, 2016, a customer filed an investment related arbitration claim regarding Ingram’s activities in which the customer requested $222,266.50 in damages based upon allegations that Ingram effected transactions in the customer’s account which were not suitable for the customer.
Guiliano Law Group
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