Noel Ray Vincent of Houston, Texas, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations of unsuitable recommendations by Vincent when he was associated with Madison Avenue Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00486 (March 10, 2022). According to the claim, the customer was placed into unsuitable direct investments, including direct participation program interests and limited partnership interests.
FINRA Public Disclosure shows that Vincent has been identified in twenty four additional customer initiated investment related disputes regarding accusations of his conduct while registered with securities broker dealers, including Investors Capital Corp and Madison Avenue Securities.
On November 25, 2020, a customer initiated investment related FINRA securities arbitration claim regarding Vincent’s conduct was settled for $135,520.72 in damages founded on allegations that omissions and misrepresentations had been made by Vincent concerning alternative investments. FINRA Arbitration No. 20-01252. According to the claim, the customer’s account had been overconcentrated in alternative investments, and the securities broker dealer did not perform reasonable due diligence before recommendations were made by Vincent. The customer’s claim also alleges violation of FINRA regulations and unsuitable recommendations.
Vincent is the subject of another customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages supported by accusations of Vincent providing unsuitable investment recommendations of GPB, among other alternative investments. FINRA Arbitration No. 20-03404 (November 9, 2020).
Vincent is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $39,998.00 in damages based upon allegations of unsuitable recommendations by Vincent concerning direct participation program interests and limited partnership interests, including UDF IV. FINRA Arbitration No. 20-02303 (December 10, 2020).
On March 31, 2021, another customer filed an investment related FINRA securities arbitration claim concerning Vincent’s conduct in which the customer requested more than $100,000.00 in damages founded on accusations that Madison Avenue Securities failed to supervise Vincent’s recommendation and sale of alternative investments beginning in 2015. FINRA Arbitration No. 21-00755. The claim also contains allegations of breach of fiduciary duty resulting in damages on DPPs and LPs.
On April 23, 2021, a different customer initiated investment related FINRA securities arbitration claim involving Vincent’s conduct was settled for $425,000.00 in damages supported by accusations of bad advice by Vincent regarding real estate investment trusts (REITs) as well as interests in DPPs and LPs. FINRA Arbitration No. 20-02612.
On July 28, 2021, another customer initiated investment related FINRA securities arbitration claim regarding Vincent’s conduct was resolved for $70,000.00 in damages based upon allegations that Vincent made misrepresentations to the customer regarding DPP and LP interests while he was registered with Madison Avenue Securities. FINRA Arbitration No. 19-01997. The claim alleges that the customer received bad investment advice from Vincent.
Vincent is also identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $80,000.00 in damages founded on accusations that Vincent provided poor investment advice to the customer about GPB in 2015 during the time that he was employed by Madison Avenue Securities. FINRA Arbitration No. 20-02445 (August 18, 2021).
Vincent has been associated with Madison Avenue Securities between November 6, 2009, and April 30, 2018, and Ele Wealth Advisors Inc. between June 11, 2018, and August 27, 2018.
