Broker Complaints: First Financial Equity, Corp. (CRD# 16507)

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding First Financial Equity, Corp. or any of its brokers.

First Financial Equity, Corp. is a privately owned, full service, broker-dealer firm classified as a corporation. First Financial Equity, Corp. was incorporated in Arizona on in 1985. First Financial Equity, Corp. is registered with both the SEC and FINRA and is registered in 51 U.S. states and territories. First Financial Equity, Corp.’s main office is located at 7373 N. Scottsdale Rd. Ste. D120 Scottsdale, AZ 85253. First Financial Equity, Corp. offers the following types of investments:

  • ·         Common and Preferred Stock
  • ·         Dimensional Fund Advisors
  • ·         SEI Investment Services
  • ·         Morningstar Investment Services
  • ·         Mutual Funds and ETF’s
  • ·         Options
  • ·         Investment Advisory Services
  • ·         Annuities
  • ·         Corporate and Municipal Bonds
  • ·         U.S. Treasury & Agency Securities
  • ·         CDs and CDARS(Certificate of Deposit Account Registry Service®)
  • ·         REITS

On October 2, 2009, First Financial Equity, Corp. was fined $15,000 for failing to report information regarding numerous block purchase and sale transactions.

Also on October 2, 2009, First Financial Equity, Corp. was fined $20,000 for failing to supervise its brokers and failing to record private securities transactions.

On February 14, 2006, First Financial Equity, Corp. was ordered not to request registration in Vermont as a broker-dealer sales representative for George Fischer (CRD# 1315706) until December 2009. First Financial Equity, Corp. was also required to report any complaints made by customers, and notify the state if any of its brokers became the subject of any securities related inquiry.

On November 29, 2000, First Financial Equity, Corp. was fined $22,000 for participating in a private placement offering and failing to promptly transmit investor funds to a specified account.

The CEO of First Financial Equity, Corp., George Fischer, has ten customer initiated complaints listed on his BrokerCheck Report.

In August 2001, a customer complained of poor performance on a private placement he purchased with George Fischer. That case settled for $50,000.

In June 2001, a customer alleged George Fischer misrepresented material facts of an investment he recommended to the customer. The case settled for $28,000.

In January 2010, a customer initiated a complaint against George Fischer alleging he was unhappy with the performance of multiple investments in his portfolio. That case settled for $34,000.

Most notably, on June 4, 2008, George Fischer was suspended from the securities industry for 15 days and was fined $20,000 by FINRA. According to his BrokerCheck Report, George Fischer failed to supervise registered representatives’ private securities transactions.

If you or someone you know has lost money investing with George Fischer, First Financial Equity, Corp., or one of their other brokers, you may be entitled to full recovery of your losses. The attorneys at Fitapelli Kurta prosecute cases on behalf of investors like you who have lost money as a result of unsuitable investments. These cases are taken on a contingency fee basis only, which means our firm will not receive any compensation whatsoever unless and until you recover money.

Cases are filed with the Financial Industry Regulatory Authority (FINRA) and will submit to arbitration. Fitapelli Kurta has filed hundreds of cases before FINRA and has recovered millions on behalf of investors who have fallen victim to broker misconduct. Do not delay. Call 877 – 238 – 4175 to speak directly to an attorney and further discuss the merits of your case.

Our consultations are always free.

Call 877 – 238 – 4175 now.