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WARNING! Impending Investigation–CHRISTOPHER F. VEALE and LEGEND SECURITIES

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30
Apr

WARNING! Impending Investigation–CHRISTOPHER F. VEALE and LEGEND SECURITIES

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Christopher F. Veale and Legend Securities

Have you lost money with financial advisor Christopher F. Veale of New York City?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Christopher Veale.  FINRA seeks to bar Veale from the securities industry for allegedly failing to respond to an investigation regarding outside business activities that he allegedly did not disclose to his brokerage firm, Legend Securities, and regarding potential sales practice concerns in customer accounts.

Christopher Veale has been the subject of at least 12 customer complaints, 6 judgments or liens, 4 regulatory events, and two investigations.  In 2004, the NASD (the predecessor to FINRA) alleged excessive trading against Veale and fined him $10,000, suspended him for 45 days, and ordered him to pay $36,000 in restitution to his customers.  Veale is also currently the subject of separate investigations in January 2014 by the State of Rhode Island and the Commonwealth of Massachusetts for alleged churning and excessive trading of a senior investor’s account.

Christopher F. Veale was a financial advisor and registered representative of Legend Securities from May 2013 to February 2015; with John Thomas Financial from April 2013 to May 2013; with Meyers Associates L.P. from November 2012 to March 2013; with Blackwall Capital Markets from June 2012 to November 2012; and with Brookville Capital Partners from January 2009 to June 2012.  He was also previously affiliated with Stratton Oakmont.  Veale worked at branch offices in New York City.

Brokerage firms like Legend Securities, Meyers Associates, Blackwall Capital Markets, and Brookville Capital Partners have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies, such as refraining from churning or excessively trading a customer’s account.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Our attorneys have represented over one thousand investors who have been defrauded by their financial advisor or stockbroker.  While we have offices in Denver and the Seattle area, we have also previously represented clients throughout the country, including New York.  If you have lost money with Christopher F. Veale, Legend Securities, Meyers Associates, Blackwall Capital Markets, and Brookville Capital Partners and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.

Click to view:  Veale FINRA Complaint

Click to view:  Veale BrokerCheck 4.30.15

 

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.
10.0David P Neuman

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