Noel Ray Vincent of Southfield Michigan a stockbroker registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim which was settled for $125,000.00 in damages based upon allegations of bad investment advice and misrepresentations being made to the customer in reference to mutual funds and equipment leasing securities transactions effected when Vincent was associated with Madison Avenue Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-03104 (Sept. 5, 2019).
FINRA Public Disclosure confirms that Vincent has been identified in seventeen more customer initiated investment related disputes concerning accusations of his misconduct during the time that he was employed by securities broker dealers including Investors Capital Corp. and Madison Avenue Securities. On July 11, 2018, a customer initiated investment related arbitration claim concerning Vincent’s activities was resolved for $35,000.00 in damages founded on accusations that the customer had been sold unsuitable alternative investments including real estate security products when Vincent was employed by Investors Capital Corp. and Madison Avenue Securities. FINRA Arbitration No. 17-02178 (July 11, 2018).
On March 4, 2019, a customer filed an investment related arbitration claim pertaining to Vincent’s conduct in which the customer requested between $100,000.00 and $500,000.00 in damages. FINRA Arbitration No. 18-04130. The claim alleged a breach of a fiduciary duty which was owed to the customer. Oil and gas securities and real estate securities were allegedly misrepresented when Vincent was employed by Investors Capital Corp. and Madison Avenue Securities.
Vincent is also referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations of bad advice concerning direct participation program interests or limited partnership interests sold to the customer when Vincent was associated with Madison Avenue Securities. FINRA Arbitration No. 19-01438 (June 27, 2019).
On July 23, 2019, another customer filed an investment related arbitration claim involving Vincent’s conduct in which the customer requested $100,000.00 in damages based upon allegations of false or misleading statements being made about DPP or LP interests and poor investment advice being provided to the customer by Vincent when he was associated with Madison Avenue Securities. FINRA Arbitration No. 19-01997.
Vincent has also been fined $25,000.00 by the Texas State Securities Board founded on accusations of forgery and maintaining signed but otherwise incomplete documents to initiate customer transactions when he was employed by Investors Capital Corp. Order No. ICO9-SUS-15.
Vincent was employed by Madison Avenue Securities between November 6, 2009 and April 30, 2018.
