SECURITIES AMERICA Ordered to Pay Restitution to Customers
Securities America Settlement with FINRA
Have you lost money investing in the LJM Preservation and Growth Fund through Securities America? We are currently investigating allegations made against the LaVista, Nebraska-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Securities America, making allegations that it failed to do adequate due diligence on the LJM Preservation and Growth Fund. In particular, FINRA alleged that they failed to understand the particular risks of the Fund. To settle these allegations, Securities America agreed to pay a $100,000 fine and restitution of $235,979.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past.