The stock fraud attorneys at Fitapelli Kurta is interested in speaking to investors regarding complaints against broker-dealer firm, Global Strategic Investments.
Global Strategic Investments is classified as a limited liability company. Global Strategic Investments was formed in Florida in 2001 and its main office is located at 701 Brickell Ave, Suite 1420 Miami, FL, 33131. Global Strategic Investments is registered with both the SEC and FINRA and is approved in Florida, California, New York, Texas and Washington. Global Strategic Investments has 46 registered representatives throughout the United States.
Global Strategic Investments has a history of customer complaints and FINRA violations.
A complaint is pending against Global Strategic Investments. The complaint states that in November 2010, Global Strategic Investments launched a new business line – facilitating currency exchanges through the liquidation of over $650,000,000 worth of Venezuelan Bonds for two accounts of foreign financial institutions located in Venezuela and Curacao. According to the complaint, filed on September 18, 2014, Global Strategic Investments’ anti money laundering compliance program failed to address the risks of its Venezuelan Bond Liquidation business. Additionally, the complaint alleges Global Strategic Investments failed to notice red flags associated with potential money-laundering. The complaint states FINRA is seeking monetary sanctions against Global Strategic Investments.
Current Global Strategic Investments broker, Mikell V. Simmons has a lengthy history of customer complaints himself as well as a criminal history. In April 2014 a $20,000 tax lien was placed on Mikell V. Simmons’ account for failure to pay taxes. In February 2013, Mikell V. Simmons was charged with resisting an officer with violence and battery. The prosecution eventually decided not to prosecute. In May 2009 a customer complaint was filed against Mikell V. Simmons. The complaint alleged Mikell V. Simmons recommended unsuitable investments to a Global Strategic Investments customer, churned the customer’s account and breached his fiduciary duty to the customer. That complaint was settled for $48,000.
In October 2010, Global Strategic Investments was fined $150,000. According to Global Strategic Investments’ BrokerCheck report, Global Strategic Investments, through one of its brokers, Cesar G. Hernandez, failed to detect red flags associated with potential money-laundering. Cesar G. Hernandez has an outstanding $74,000 tax lien on his account. According to Cesar G. Hernandez’ BrokerCheck Report, a judgment was entered against Cesar G. Hernandez on September 27, 2011 for outstanding taxes Cesar G. Hernandez owed the State of Connecticut. Cesar G. Hernandez was fined $25,000 for the above mentioned misconduct of failing to detect red flags of money laundering by clients at Global Strategic Investments. Cesar G. Hernandez has been a broker at Global Strategic Investments since 2002 and he is currently still employed there.
In September 2009 a customer filed a complaint against current Global Strategic Investments broker, Christopher D. Infante. According to Christopher D. Infante’s BrokerCheck report, Christopher D. Infante was accused of churning and making unsuitable investment recommendations, after taking over an existing account from a former Global Strategic Investments broker. The complaint was settled for $8,000.
In August 2005, Global Strategic Investments allowed one of its brokers to conduct business while failing to maintain the required net capital. As a result, Global Strategic Investments was fined $10,000.
If you or someone you know has fallen victim to the financial misconduct of Global Strategic Investments, Christopher D. Infante, Mikell V. Simmons, or any other Global Strategic Investments broker, you may be entitled to full recovery of your losses. Many investors do not realize it, but the law provides investors with a path of recovery by way of arbitration through the Financial Industry Regulatory Authority (FINRA).
The law firm of Fitapelli Kurta prosecutes cases before FINRA arbitration panel for investors nationwide who have been victimized by broker-dealer firms like Global Strategic Investments, or their brokers. The time to file a claim with FINRA is limited, so do not delay. Call 212-568-1502 now to speak directly to an attorney and discuss the merits of your case for free.