Published on:

Broker Complaints: Investment Center, Inc. (CRD# 17839)

The securities and investment fraud law firm of Fitapelli Kurta is currently investigating claims against the brokerage firm, The Investment Center, Inc.

The Investment Center, Inc. has a history of customer and regulatory complaints with the Financial Industry Regulatory Authority, or FINRA. The Investment Center has been registered with FINRA and the Securities Exchange Commission (SEC) since 1986. Their main office is located in Bedminster, NJ and they have offices located throughout the United States. Currently, the Investment Center employs over 300 stockbrokers nationwide.

The following are notable complaints and fines The Investment Center, Inc. has received over the last several years:

  • On January 14, 2011, The Investment Center was fined $11,000 for “failing to follow supervisory procedures regarding account transfers” and “failing to have an adequate system to detect and prevent the association of direct investment client account with agents who lacked appropriate state registration.”
  • On August 27, 2010 The Investment Center was fined $75,000 for failing to detect and prevent two of its agents from selling away. Selling away occurs when a broker solicits a customer to buy securities that are not held by the brokerage firm. Such activity is a direct violation of SEC regulations.
  • Most recently, on December 11, 2012, The Investment Center received a $500 fine when they failed to timely inform the New Jersey Insurance Commissioner of previous reported proceedings.For a full list of The Investment Center’s violations and fines, see their FINRA BrokerCheck Report.

If you or someone you know lost money investing with The Investment Center, Inc. please contact us today. Our firm will evaluate your complaint The Investment Center for free. Our firm works exclusively for investors who have lost money investing with firms such as The Investment Center. We prosecute these cases on a contingency basis and will not get paid if you do not recover any money. Do not delay – call now for your free consultation.