Tag Archives: Investors Capital Corporation

Investors Capital Blamed For Real Estate Securities Misconduct

Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate […]

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Investors Sue Investors Capital For Bad REIT Recommendations

Roberto Alexandro Blanco of El Paso Texas a stockbroker formerly employed by Investors Capital Corporation is the subject of a customer initiated investment related written complaint which settled for $43,000.00 in damages on February 2, 2018 based upon accusations that (1) Blanco placed the customer in real estate security investments that were not appropriate for […]

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Investors Capital Customer Alleges Annuity Fraud

August 13, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Frank William Libardoni Jr. of Salem Massachusetts a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related written complaint on December 1, 2017 where the customer sought damages estimated to exceed $5,000.00 founded on allegations that Libardoni was placed in a variable annuity in 2015 that was not suitable […]

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Investor Capital Corp Accused By Customer Of Omissions

March 16, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Anthony Ryan Morris (also known as Tony Morris) is a stockbroker formerly registered with Anthony Ryan Morris who is the subject of a customer initiated investment related written complaint on October 27, 2016 where the customer requested $147,536.35 in damages supported by accusations that omissions and misrepresentations had been made to the customer concerning a […]

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Brokerage Firms Sanctioned For Overcharging Customers

December 15, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Investors Capital Corporation, J.P. Turner & Company, L.L.C., VSR Financial Services, Inc., Investacorp., Inc., and BB&T Investment Services, Inc., have all been censured by FINRA for taking advantage of certain customers, namely retirement plans and charitable organizations, by overcharging them in mutual fund transactions. Evidently, the firms sold mutual funds containing multiple share classes, in […]

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Investors Capital Corp Named in Customer Arbitration

November 29, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Edgar A. Thomas, of Lakeland, Florida, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration claim on April 28, 2016, in which the customer requested $110,000.00 in damages based upon allegations that Thomas effected unsuitable transactions in the customer’s account pertaining to United Development Funding III, […]

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Unsuitable Recommendations Cost ICC $1 Million

Investors Capital Corporation, headquartered in Lynnfield, Massachusetts, was censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm engaged in the unsuitable recommendations of unit investment trusts and steepeners to customers. Letter of Acceptance, Waiver and Consent, No. 2010022046101 (Oct. 3, 2016). According to the AWC, between June of […]

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Steepeners Steep a Whole Bunch of Regulatory Troubles for Already Troubled Stockbroker

Robert Estevez, of Greenwich, Connecticut, a stockbroker with Investors Capital Corporation, was fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2014040158902 (Sept. 16, 2016). According to […]

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