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Broker Complaints: American Investors Company (CRD# 38)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the California-based brokerage and advisory firm American Investors Company (CRD# 38).

Formed in California in 1973, American Investors Company is headquartered in San Ramon, California and registered in 43 US states and territories. Clarence Yee is President, Chief Financial Officer, Chief Operating Officer, Chief Compliance Officer, Treasurer, and Secretary; Nicholas Cowles Cochran is Vice President; Larry Chaiya Yee is Chairman of the Board.

According to the firm’s BrokerCheck report, American Investors Company is the subject of three regulatory complaints and two customer complaints that evolved into arbitration.

In 2009 a customer alleged American Investors Company misrepresented and omitted material facts related to an investment, breached contract, failed to supervise its representatives, and acted negligently in connection to an investment in limited partnerships and mutual funds. The complaint resulted in an award to the customer of more than $1,335,050.

In 1995 the Virginia State Corporation Commission Division of Securities sanctioned American Investors Company following allegations the firm failed to file audited financial statements in accordance with state code. American Investors Corporation was issued a fine of $250.

In 1991 a customer alleged American Investors Company misrepresented material facts related to an investment, acted negligently, and sold an unsuitable investment in limited partnerships. The complaint resulted in an award to the customer of $55,000.

In 1984 the National Association of Securities Dealers (NASD) sanctioned American Investors Company following unspecified allegations. American Investors Corporation was censured and issued a fine of $1,000.

In 1983 the NASD sanctioned American Investors Company following unspecified allegations. The firm was censured and issued a fine of $500.

If you have lost money investing with American Investors Company, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.