Securities Lawyers Blog
Currently financial advisor Jay Geaslen (Geaslen), currently employed by brokerage firm Avantax Investment Services, Inc. has been subject to at least 3 disclosable events. These events include 2 customer complaints, one tax lien. 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 $500,000.00 on September 30, 2024.
Claimants allege that they were recommended unsuitable investments, including leveraged structed notes and a non-traded REIT, and sustained losses as a result.
