Fitapelli Kurta, a New York based securities fraud law firm, is interested in speaking to investors who have complaints regarding the American Portfolios Financial Services (CRD# 18487).
American Portfolios Financial Services is a brokerage firm registered in 53 US states and territories, though its main office is in Holbrook, New York. The firm is owned by and offers advisory services through American Portfolios Holdings, Inc. Formed in 1990, American Portfolios is the subject of three regulatory sanctions, according to its BrokerCheck report .
In 2013 the Financial Industry Regulatory Authority (FINRA) filed a complaint alleging American Portfolios failed to expeditiously deliver prospectuses or written descriptions in connection with ETF and UIT purchases, as required by FINRA, SEC, and NASD rules, as well as federal securities laws. American Portfolios was censured and issued a penalty of $25,000.
In 2010 FINRA filed a complaint alleging American Portfolios failed to transmit reportable events to the Order Audit Trail System. The firm was censured and issued a penalty of $5,000.
In 2006 the National Association of Securities Dealers (FINRA’s predecessor) filed a complaint alleging American Portfolios failed to expeditiously file a report regarding its municipal securities customer transactions, The complaint further alleged American Portfolios failed to maintain adequate supervisory procedures designed to ensure compliance with municipal transaction reporting requirements. The firm was censured and issued a penalty of $7,500.
If you or someone you know has a complaint regarding American Portfolios Financial Services, call the securities and investment fraud law firm Fitapelli & Kurta at 877-238-4175 for a free consultation. You may be entitled to recover losses. Fitapelli & Kurta accepts every case on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.