Did you suffer investment losses with First Citizens Investor Services (CRD# 44430) (SEC# 801-57302, 8-50696)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with First Citizens Investor Services. If you suffered losses investing with First Citizens Investor Services, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of October 10, 2020, First Citizens Investor Services’s FINRA BrokerCheck Report contains the following:
2 Regulatory Event Disclosures
4 Arbitration Disclosures
Main Office Location
4300 SIX FORKS ROAD
RALEIGH, NC 27609
UNITED STATES
Mailing Address
P.O. BOX 27131
RALEIGH, NC 27611-7131
UNITED STATES
Business Telephone Number
919-716-7392
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
First Citizens Investor Services’s Direct Owners and Executive Officers
FIRST-CITIZENS BANK & TRUST COMPANY, 100% OWNER
BOGACZYK, STEVEN FRED (CRD#:2469749), DIRECTOR, CHIEF FINANCIAL OFFICER
HEFFRON, PAULA KAY (CRD#:4901921), DIRECTOR, CHIEF COMPLIANCE OFFICER
OSTENDORF, ELIZABETH (CRD#:7045951), SECRETARY
RUPP, LORIE KING (CRD#:7215563), DIRECTOR
WILSON, MICHAEL CHRISTOPHER (CRD#:4301352), DIRECTOR, PRESIDENT
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with First Citizens Investor Services and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
