Noel Ray Vincent, of Houston, Texas, a stockbroker formerly currently registered with Madison Avenue Securities, is the subject of a customer initiated investment related arbitration claim on August 24, 2017, in which the customer alleged that Vincent made misrepresentations to the customer and placed unsuitable real estate transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Vincent has been subject of eleven more customer initiated investment related disputes containing allegations of his misconduct during the time he was associated with Investors Capital Corp. and Madison Avenue Securities. Particularly, on March 28, 2008, a customer filed an investment related written complaint involving Vincent’s conduct, in which the customer sought $20,000.00 in damages based upon allegations of suitability regarding the customer’s direct investment programs.
Subsequently, on November 23, 2010, a customer filed an investment related written complaint regarding Vincent’s activities, in which the customer sought $196,000.00 in damages based upon allegations or suitability and misrepresentation in reference to equipment leasing and limited partnership interests placed in the customer’s portfolio. Further, on August 29, 2014, a customer initiated investment related arbitration claim involving Vincent’s conduct was settled for $26,331.85 in damages based upon allegations that Vincent placed unsuitable real estate security and oil & gas transactions in the customer’s account.
On May 5, 2016, another customer initiated investment related arbitration claim regarding Vincent’s activities was resolved for $125,000.00 in damages based upon allegations of suitability relating to the customer’s real estate securities investments. Then, on January 12, 2017, a customer filed an investment related arbitration claim regarding Vincent’s activities where the customer sought $500,000.00 in damages based upon allegations of breach of fiduciary duty, omissions of facts concerning investments, misrepresentation, and negligence in regard to insurance products and oil & gas investments.
Thereafter, on April 20, 2017, a customer filed an investment related arbitration claim regarding Vincent’s activities in which the customer sought $75,000.00 in damages based upon allegations that Vincent omitted material information from the customer about investments, made misrepresentations that were negligent, and neglected to adequately perform due diligence in reference to the customer’s United Development Funding III and IV purchases. On August 22, 2017, another customer filed an investment related arbitration claim involving Vincent’s conduct, where the customer sought $50,000.00 in damages based upon allegations that Vincent breached his contractual and fiduciary duties, and made misrepresentations to the customer concerning real estate investment trusts.
Guiliano Law Group
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