Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 1, 2016 indicate that California-based Western International Securities broker/adviser Alfred Slayton, has been named in a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Slayton (CRD# 426278).
Alfred Slayton has spent 45 years in the securities industry and has been registered with Western International Securities in Marina Del Ray, California since August 2016. Previous registrations include Newport Coast Securities in Marina Del Ray, California; First Allied Securities in San Diego, California; Marsh Block & Company, which has since been expelled by FINRA, in New York, New York; David Duke Financial, which has since been expelled by FINRA; Aimco Securities Company; Morgan Olmstead Kennedy & Gardner; Bateman Eichler Hill Richards; Dean Witter Reynolds; and Dean Witter & Company. He is a registered broker and investment adviser with five US states: Arizona, California, Nevada, New York and Texas.
According to his BrokerCheck report, Alfred Slayton has received one pending customer complaint.
In August 2016 a customer alleged Alfred Slayton, while employed at Newport Coast Securities, committed fraud, participated in financial elder abuse, converted funds, and breached his fiduciary duty. The customer is seeking $2,000,000 in damages in the pending complaint.
According to FINRA rules and federal securities law, brokers like Alfred Slayton are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. This means, for instance, that they can only recommend suitable investments that take into account the client’s investment goals, experience, and risk tolerance. Firms are not permitted to misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have suffered losses while investing with Alfred Slayton, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid 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.