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 Madison Avenue Securities, LLC (CRD# 23224).
Formed in Delaware in 2005, Madison Avenue Securities is headquartered in San Diego, California and registered in 53 US states and territories. Wayne Francis Talleur is President; Martin William McNees is Chief Operating Officer; Constance Sue Knapp is Chief Financial Officer; Jana Marie Henson is Chief Compliance Officer.
According to the firm’s BrokerCheck report, Madison Avenue Securities is the subject of three regulatory sanctions.
In 2014 the State of Illinois sanctioned Madison Avenue Securities following unspecified allegations. The firm was issued a fine of $20,000.
In 2013 the Financial Industry Regulatory Authority (FINRA) sanctioned Madison Avenue Securities following allegations the firm participated in private securities transactions that it failed to record on its books and records. Madison Avenue Securities was censured and issued a fine of $12,500.
In 2011 the State of Indiana sanctioned Madison Avenue Securities following allegations the firm “engaged in a dishonest and unethical business practice” by failing to supervise an agent when it approved invitations for potential clients to to attend seminars led by that agent; allegedly, the advertisements described him as an investment adviser though he was not registered as such. Madison Avenue Securities was issued a fine of $1,500.
If you have lost money investing with Madison Avenue Securities, LLC, 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. 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. Call 877-238-4175 now to speak to an attorney for free.