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Broker Spotlight: Richard Alter (Securities America)

Richard AlterThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Florida-based Securities America broker/adviser Richard Alter (CRD# 2027054).

Richard Alter has spent 25 years in the securities industry and has been registered with Securities America in Boca Raton, Florida since 2000. Previous registrations include Lincoln National Financial Advisors in Fort Wayne, Indiana (1990-2000) and the Lincoln National Life Insurance Company in Fort Wayne, Indiana (1990-2000). He is a registered broker and investment adviser in 26 US states and territories.

According to his BrokerCheck report, Richard Alter is the subject of one customer complaint and three denied customer complaints.

In 2014 a customer alleged Richard Alter, while employed at Securities America, recommended mutual fund investments that were unsuitable based on the customer’s “age, tax situation, and financial needs.” the complaint settled in 2015 for $23,000.

In 2009 a customer alleged Richard Alter, while employed at Securities America, failed to follow instructions to put his money in a money market on the requested date, and instead put it in the market on a later date without express consent. The customer sought $70,000 in damages in the complaint, which was denied.

In 2009 a customer alleged Richard Alter, while employed at Securities America, misrepresented account information and made unauthorized trading decisions. The customer sought $73,000 in damages in the complaint, which was denied.

In 2009 a customer alleged Richard Alter, while employed at Securities America, did not make him aware of the surrender penalty associated with an AXA variable annuity. The customer sought $10,000 in damages in the complaint, which was denied.

If you or someone you know has a complaint regarding Richard Alter., call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect 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.