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Broker Complaints: Signator Investors (CRD# 468)

According to the Financial Industry Regulatory Authority (FINRA), Boston-based brokerage/advisory firm Signator Investors (CRD# 468) is the subject of numerous customer complaints and regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Signator Investors.

Formed in Delaware in 1968, Signator Investors is headquartered in Boston and registered with fifty-two US states and territories. Its parent company is the John Hancock Financial Network. Christopher Maryanopolis serves as President, Chief Operating Officer, and Chief Executive Officer; Frank Joseph Rispoli serves as Chief Financial Officer and Treasurer.

According to its BrokerCheck report, Signator Investors is the subject of eleven regulatory sanctions and twelve customer complaints.

In 2013 a customer alleged Signator Investors breached its fiduciary duty, breached contract, misrepresented an investment, and acted negligently. The complaint resulted in an award to the customer of more than $1,589,000.

In 2007 a customer alleged Signator Investors breached its fiduciary duty, sold unsuitable investments, breached contract, and failed to supervise its representatives. The complaint resulted in an award to the customer of more than $42,000.

In 2005 the State of Pennsylvania sanctioned Signator Investors following allegations the firm employed an unregistered agent to conduct securities business in Pennsylvania. Signator Investors was fined $21,500.

In 2005 a customer alleged Signator Investors breached its fiduciary duty, breached contract, acted negligently, and failed to supervise its representatives. The complaint resulted in an award to the customer of $106,500.

In 2005 a customer alleged Signature Investors recommended unsuitable investments and failed to supervise its representatives. The complaint resulted in an award to the customer of $40,000.

In 2003 the National Association of Securities Dealers sanctioned Signator Investors following allegations the firm failed to adequately supervise a representative who converted “at least $260,000” in municipal employee funds into non-participant accounts as well as his own account. Signator Investors was censured and issued a fine of $35,000.

In 2002 a customer alleged Signator Investors breached its fiduciary duty, misrepresented investments, sold unsuitable investments, and failed to supervise its representatives. The complaint resulted in an award to the customer of $341,000.

In 1997 the State of Florida sanctioned Signator Investors following allegations the firm engaged in improper sales and marketing practices related to various insurance products. Signator Investors was issued a fine of $6,000,000.

If you have lost money investing with Signator Investors, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Since all cases are taken on contingency, we only get paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Again, our services cost no money out of pocket. Call 877-238-4175 now to speak to an attorney for free.