Investors Capital Corp – Investor Alert
UPDATE 10/11/16: Investors Capital, part of the Cetera Financial Group network, has entered into a settlement agreement with the FINRA under which it will pay $1.1 million in fines and restitution over the sale of Unit Investment Trusts (UITs).
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Investors Capital Corp. If you suffered losses investing with Investors Capital Corp, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Investors Capital Corp (CRD# 30613) (SEC# 8-45054)
As of August 24, 2016, Investor Capital Corp’s FINRA BrokerCheck Report contains the following:
19 Regulatory Event Disclosures
0 Civil Event Disclosures
14 Arbitration Disclosures
0 Bond Disclosures
Main Office Location
6 KIMBALL LANE
LYNNFIELD, MA 01940-2320
Mailing Address
6 KIMBALL LANE
LYNNFIELD, MA 01940-2320
Business Telephone Number
800-949-1422
Direct Owners and Executive Officers
INVESTORS CAPITAL HOLDINGS, LLC – OWNER
ANTONIADES, ADAM NICHOLAS (CRD# 2261744) – DIRECTOR
BRETON, BERNARD ANDRE (CRD# 2030660) – BD CHIEF COMPLIANCE OFFICER
GINOLFI, CHRISTIAN PHILLIP (CRD# 4203018) – ADVISORY CHIEF COMPLIANCE OFFICER
HARRISON, BRETT LAMAR (CRD# 4032238) – DIRECTOR
MURPHY, TIMOTHY BOYLE (CRD# 2132822) – PRESIDENT
OLSON, GREGORY ALAN (CRD# 2692482) – SECRETARY
SHELSON, MARK PAUL (CRD# 1819252) – TREASURER
SMILEY, STANLEY ROBERT (CRD# 3004604) – VICE PRESIDENT
FINRA requires brokerage firms 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. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Investors Capital Corp and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.
