Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 27, 2017 indicate that California-based Raymond James Financial Services broker/adviser Eric Frey has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Frey (CRD# 2162956).
Eric Frey has spent 25 years in the securities industry and has been registered with Raymond James Financial Services in Red Bluff, California since 2000. Previous registrations include London Pacific Advisors in Sacramento, California (1995-2000) and The Advisors Group in Bethesda, Maryland (1991-1995). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 51 (Municipal Fund Securities Principal Examination); and Series 24 (General Securities Principal Examination. He is a registered broker and investment adviser with eight US states and territories: Arizona, California, Hawaii, Idaho, Nevada, Oregon, Tennessee and Texas.
According to his BrokerCheck report, he has received one pending customer complaint.
In May 2017 a customer alleged Eric Frey, while employed at Raymond James Financial Services, misrepresented and recommended unsuitable investments in BEARX, MEMP, and LNCO. The customer is seeking more than $663,900 in damages in the pending complaint.
Federal securities law prohibits brokers like Eric Frey from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has lost money investing with Eric Frey, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.