KGTA Petroleum, Jeffrey Gainer, Jerry Cicolani, Kelly Hood, and PrimeSolutions Securities

Have you lost money in KGTA Petroleum?  We are currently investigating allegations made by the Securities and Exchange Commission regarding Akron, Ohio-based KGTA Petroleum.  The SEC alleges that Jeffrey Gainer, Jerry Cicolani, and Kelly Hood made recommendations to their clients to invest in KGTA Petroleum.  Unfortunately, the SEC alleges that KGTA Petroleum was purported to be an investment in oil and fuel but was nothing but a sham.  The SEC alleges that Jeffrey Gainer, Jerry Cicolani, and Kelly Hood sold investments in KGTA to investors between October 2012 and February 2014.

Jeffrey Gainer, Jerry Cicolani, and Kelly Hood were all financial advisors and registered representatives with PrimeSolutions Securities, a FINRA registered broker-dealer firm.  Each worked in PrimeSolutions Securities’ branch office in Cleveland.  Gainer, Cicolani, and Hood were all terminated from PrimeSolutions Securities for their involvement with KGTA.

Broker-dealers like PrimeSolutions Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.  If you have lost money through KGTA Petroleum at the recommendation of Jeffrey Gainer, Jerry Cicolani, and Kelly Hood and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.