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Richard Alter (Securities America Broker) Has Complaint

Richard AlterAccording to publicly available records provided by the Financial Industry Regulatory Authority (FINRA),Florida-based Securities America broker/adviser, Richard Alter, is the subject of numerous disclosures. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. 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 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 unsuitable investments. The complaint settled in June 2015 for $23,000.
  • In 2009 a customer alleged Richard Alter, while employed at Securities America, failed to timely follow instructions. 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 material facts and made unauthorized trades. The customer sought $73,000 in damages in the complaint, which was denied.
  • In 2008 a customer alleged Richard Alter, while employed at Securities America, failed to disclose a surrender penalty. The customer sought $10,000 in damages in the complaint, which was denied.

If you or someone you know has complaints regarding Richard Alter, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.