Securities Lawyers Blog
Currently financial advisor Brent Nelson (Nelson), currently employed by brokerage firm Stonex Securities Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $180,000.00 on August 21, 2024.
Claimant alleges respondent sold high-commission, complex, risky alternative investment and illiquid investment products causing significant decrease in the value of invested principal.
