Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 2, 2016 indicate that Louisiana-based Sterne Agee Financial Services broker/adviser Gary Haindel is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Haindel (CRD# 2336360).
Gary Haindel has spent 23 years in the securities industry and has been registered with Sterne Agee Financial Services in Baton Rouge, Louisiana since May 2015. Previous registrations include Sterne Agee & Leach in Baton Rouge, Louisiana (2009-2015); Multi-Financial Securities Corporation in Baton Rouge, Louisiana (2009); Stanford Group Company in Baton Rouge, Louisiana (2000-2009); and Merrill Lynch in New York, New York (1993-2000). He is a registered broker and investment adviser in 11 US states and territories: Alabama, the District of Columbia, Florida, Georgia, Louisiana, Massachusetts, Mississippi, New York, Oklahoma, Pennsylvania, and Texas.
According to his BrokerCheck report, Gary Haindel is the subject of one pending customer complaint.
In 2009, a customer alleged that Gary Haindel, while employed at Stanford Group Company, failed to supervise other representatives and withheld material information related to the sale of certificate of deposits in 2007 and 2009. The customer is seeking damages exceeding $5,000 in the pending complaint, which has evolved into litigation in the 19th Judicial District Court in the Parish of East Baton Rouge, Louisiana.
Federal securities law prohibits brokers like Gary Haindel from misrepresenting material facts, an act that constitutes the presentation of untrue or false statements that can mislead their clients. Brokers are also forbidden from omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is an item of information that would be a significant consideration for a reasonable investor in making a decision about an investment. 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 complaints regarding Gary Haindel, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment 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.