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HECTOR MAY Pleads Guilty to $11 Million Customer FRAUD – Rockland, NY

14
Dec

HECTOR MAY Pleads Guilty to $11 Million Customer FRAUD – Rockland, NY

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HECTOR MAY Pleads Guilty to $11 Million Customer FRAUD – Rockland, NY

Hector May, formerly with Securities America, Pleads Guilty to $11 Million Fraud

 

Our firm is continuing its investigation into Hector A. May of New City, New York and  Rockland, New York, who just pleaded guilty to an $11 million fraud in which he misappropriated funds from customers.  May, who formerly was an advisor with Securities America, was alleged to have used money for personal expenses.

 

Similarly, according to FINRA’s BrokerCheck, Hector May was terminated by his former brokerage firm, Securities America, regarding allegations that he misappropriated customer funds.

 

Hector May was a financial advisor with Securities America from 1994 to March 2018.  May worked in a branch office in New City, New York.    May also operated a company called Executive Compensation Planners, Inc.

 

Brokerage firms like Securities America have a duty to reasonably supervise brokers and financial advisors like Hector May.  If Securities America failed to do so, it could be liable for investor losses.

 

Israels & Neuman is an investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan.  Our attorneys have represented over 1,000 investors throughout the country, including investors in New York in FINRA arbitration and against Securities America.

 

Click to view:  May, Hector BrokerCheck 3.26.18

 

If you lost money investing with Hector May or Securities America, please CONTACT US for a free consultation.

 

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.

 

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