Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages supported by accusations of unsuitable recommendations being made to the customer concerning GPB and other direct investments including DPPs or LPs. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03404 (Nov. 9, 2020).
FINRA Public Disclosure confirms that Vincent has been referenced in 21 more customer initiated investment related disputes regarding allegations of his misconduct during the period that he was employed by securities broker dealers including Madison Avenue Securities. On December 5, 2019, a customer initiated investment related FINRA securities arbitration claim concerning Vincent’s conduct was resolved for $35,000.00 in damages founded on accusations of breach of fiduciary duty and negligence as it pertained to the customer’s investments in real estate securities and oil and gas securities. FINRA Arbitration No. 18-04130. The claim alleges that the customer was defrauded.
On August 5, 2020, a different customer filed an investment related FINRA securities arbitration claim regarding Vincent’s conduct where the customer sought $200,000.00 in damages supported by accusations of unsuitable GPB recommendations by the stockbroker. FINRA Arbitration No. 20-02445. The claim alleges that the customer sustained damages by investing in GPB.
Vincent is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on allegations that real estate securities and direct investments were inappropriate and had caused the customer to experience damages. FINRA Arbitration No. 20-02612 (Aug. 20, 2020).
On November 25, 2020, a customer initiated investment related FINRA securities arbitration claim involving Vincent’s conduct was settled for $135,520.72 in damages based upon allegations of omissions and misrepresentations concerning the alternative investments that were sold to the customer. FINRA Arbitration No. 20-01252. According to the claim, the customer’s account was overconcentrated in these investments. The claim also alleges that due diligence was not performed on the investments prior to them being recommended.
Vincent is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $39,998.00 in damages based upon accusations that the customer received bad advice from Vincent as it pertained to investments in UDF IV during the time that Vincent was associated with Madison Avenue Securities. FINRA Arbitration No. 20-02303 (Dec. 10, 2020).
Vincent’s registration with Madison Avenue Securities has been terminated as of April 30, 2018.
