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Broker Complaints: Foothill Securities, Inc. (CRD#1027)

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding Foothill Securities, Inc.  Foothill Securities, Inc. is an independent broker-dealer firm, incorporated under the laws of California. Foothill Securities, Inc. is registered with both the SEC and FINRA. Foothill Securities, Inc. is registered in 51 U.S. states and territories. Foothill Securities, Inc.’s main office is located at 2900 Lakeside Dt. suite 100, Santa Clara, California.

Foothill Securities, Inc. has three regulatory events on its BrokerCheck Report.

On December 30, 2014, Foothill Securities, Inc. was fined $235,000 for failing to have a supervisory system in place to adequately monitor its securities business and failed to supervise its broker’s securities transactions. Foothill Securities, Inc. was also ordered to retain an independent consultant and revise its supervisory policies, systems and procedures. Additionally, the broker involved, Stephen Guy Shipp., Jr., was fined $25,000 and was suspended from the financial industry until April 19, 2015.

Stephen Guy Shipp., Jr. has been in the securities industry for 24 years. Stephen Guy Shipp, Jr. has worked for Foothill Securities, Inc. since 2008. Before that Stephen Guy Shipp, Jr. worked for Geneos Wealth Management.

Foothill Securities, Inc. had an arbitration award entered against it for $10,000 stemming from a Real Estate Investment Trust (REIT).

If you or someone you know has lost money investing with Stephen Guy Shipp., Jr., Foothill Securities, Inc., 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.