Preston Jason Bellaire, of Orlando, Florida, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Bellaire made misrepresentations of material fact about risks in connection with the sale of direct investments (LP interests and DPP interests) during the time that Bellaire was associated with MSI Financial Services Inc. FINRA Arbitration No. 20-02273 (March 1, 2021).
This is not the first time that Bellaire has been referenced in a customer initiated investment related dispute concerning Bellaire’s conduct in the securities industry. FINRA Public Disclosure shows that Bellaire was also referenced in a customer initiated investment related complaint filed on April 29, 2011, in which the customer requested damages based upon allegations of the customer being provided with wrong information concerning beneficiary options on variable annuities when Bellaire was associated with MetLife Securities Inc. The securities broker dealer denied this complaint.
Bellaire was associated with MSI Financial Services Inc. as a stockbroker and investment advisor representative until March 25, 2017. He was associated with MML Investors Services LLC as a stockbroker and investment advisor representative between March 25, 2017, and December 12, 2022. He has been associated with LPL Financial LLC as a stockbroker and investment advisor representative since December 7, 2022.