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WARNING! Impending Investigation: JOSEPH DAIGNEAULT and INVESTORS CAPITAL CORP.

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Oct

WARNING! Impending Investigation: JOSEPH DAIGNEAULT and INVESTORS CAPITAL CORP.

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WARNING!  Impending Investigation:  JOSEPH DAIGNEAULT and INVESTORS CAPITAL CORP.

Joseph Daigneault and Investors Capital Corp.

Have you lost money with financial advisor Joseph Daigneault of Biddeford, Maine?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Joseph Daigneault. FINRA investigated Daigneault, alleging that he provided inaccurate information regarding the value of investor holdings on consolidated reports that he provided to customers, from 2005 to 2013.

 

FINRA alleged that Daigneault used the purchased price of alternative investments (like non-traded REITs and private placements) as the current value of the investments, which were untrue.  Daigneault was also alleged to have used a column for the “death benefit” for investments that did not have death benefits.  To settle these allegations, Joseph Daigneault was suspended for 20 days and fined $5,000.

 

Joseph Daigneault is a financial advisor and registered representative of Investors Capital Corp. from 1996 to the present.  He worked at a branch office in Biddeford, Maine.  Daigneault has been the subject of at least one other customer complaint, in which a customer alleged losses of $1 million regarding the sale of alternative investments like non-traded REITs.

 

Brokerage firms like Investors Capital Corp. 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.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Maine. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Investors Capital Corp., LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

 

HAVE YOU LOST MONEY WITH JOSEPH DAIGNEAULT or INVESTORS CAPITAL CORP.?   

 

                 Contact Israels & Neuman, PLC for a Free Consultation

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

Click to view:  Daigneault FINRA AWC

Click to view:  Daigneault BrokerCheck 10.24.15

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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