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Guy Deemer Received Two Regulatory Sanctions

Guy DeemerPublic records published by the Financial Industry Regulatory Authority (FINRA) on September 18, 2016 indicate that The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr.  Guy Deemer (CRD# 2504584).

Guy Deemer has spent twenty-two years in the securities industry and has been registered with IFS Securities in Atlanta, Georgia since September 2015. Previous registrations include Oppenheimer & Company in Sewickley, Pennsylvania; Stifel Nicolaus & Company in Bethel Park, Pennsylvania; Ryan Beck & Company in Bethel Park, Pennsylvania; Gruntal & Company in New York, New York; Summit Investment Group in Pittsburgh, Pennsylvania; Investacorp in Miami, Florida; and Penn Capital Financial Services, which has since been expelled by FINRA, in Pittsburgh, Pennsylvania.

According to his BrokerCheck report, Guy Deemer has received two regulatory sanctions and four customer complaints.

In 2014 a customer alleged Guy Deemer, while employed at Stifel Nicolaus and Ryan Beck & Company, sold unsuitable securities, breached his fiduciary duty, executed unauthorized trades, churned investments, and committed fraud. The complaint settled in October 2015 for $115,000.

In September 2015 Guy Deemer was “permitted to resign” from Oppenheimer & Company following allegations he failed to “follow management direction to timely transition accounts from transaction-based to fee-based.”

In 2013 the Illinois Securities Department sanctioned Guy Deemer following allegations he did not “tell customers that he was on the opposite side of transactions involving six thinly traded bank stocks.” He was issued a prohibition order.

In 2013 FINRA sanctioned Guy Deemer following allegations he “negligently failed to disclose to his customers when he sold or bought the same bank stocks from his own accounts on the same day he was recommending them to his customers.” He was issued a twenty-day suspension and a fine of $10,000.

In 2009 a customer alleged Guy Deemer, while employed at Stifel Nicolaus & Company, purchased and sold securities without the customer’s knowledge. The complaint settled in 2011 for $20,000.

In 2007 a customer alleged Guy Deemer, while employed at Ryan Beck, mismanaged the account and executed unauthorized trades. The complaint settled for $17,000.

In 1998 a customer alleged Guy Deemer, while employed at Summit Investment Group, “convinced them to transfer their funds to his cares, and without their understanding, opened a margin account for them wherein he purchased speculative stocks.” The complaint resulted in an award to the customer of $9,000.

If you have complaints regarding Guy Deemer, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.