Securities Lawyers Blog
Our investment attorneys are investigating customer complaints filed with The Financial Industry Regulatory Authority (FINRA) against financial advisor Guy Deemer (Deemer) currently registered with IFS Securities, alleging excessive trading or churning and unauthorized trading among other claims. According to brokercheck records Deemer has been subject to six customer complaints, two regulatory actions, and one employment termination for cause.
In September 2015 Oppenheimer & Co. Inc. (Oppenheimer) terminated Deemer after alleging that he failed to follow management’s directions when he failed to move accounts from transaction based to fee based.
In July 2014 a customer filed a complaint alleging excessive trading activity from July 2009 through December 2013. The customer alleged $300,000 in damages. The claim was settled for $115,000.