Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 20, 2017 indicate that Ohio-based Securities America broker/adviser Howard Slater has received several resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Slater (CRD# 2447823).
Howard Slater has spent 23 years in the securities industry and has been registered with Securities America in Mayfield Heights, Ohio since July 2013. Previous registrations include Lincoln Financial Advisors in Fort Wayne, Indiana and the Lincoln National Life Insurance Company (1994-2005). He is a registered broker and investment adviser with 20 US states and territories.
According to his BrokerCheck report, he has received 16 customer complaints, two regulatory sanctions, and one pending customer complaint.
In May 2017 a customer alleged Howard Slater, while employed at Securities America, misrepresented material facts, acted negligently, committed fraud, converted funds, and over-concentrated accounts in non-traded real estate investment trusts and other alternative investments. The customer is seeking $500,000 in damages in the pending complaint.
In 2013 the FINRA sanctioned him following allegations he “sent emails to two customers of his member firm in connection with their purchases of unites in a fund that contained material misrepresentations regarding the fund’s liquidity.” He was issued a 5-month suspension and a fine of $30,000.
In 2012 a customer alleged Howard Slater, while employed at Securities America, committed fraud, made unsuitable investment recommendations, and acted in violation of state and federal securities law. The complaint, in which he was not a named respondent, settled for $151,000.
In 2012 a customer alleged Howard Slater, while employed at Securities America, made misrepresentations of material facts, recommended unsuitable products, and breached his fiduciary duty. The complaint, in which he was not a named respondent, settled for $270,000.
In 2011 a customer alleged he, while employed at Securities America, recommended unsuitable alternative investments, breached his fiduciary duty, over-concentrated investments, and misrepresented and omitted material facts related to an investment. The complaint, in which he was not a named respondent, settled for $242,000.
In 2011 a customer alleged he, while employed at Securities America, misrepresented material facts related to an investment, aided and abetted fraud, acted negligently, and violated state law. The complaint settled for more than $1,479,300.
If you or someone you know has lost money investing with Howard Slater, call 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 by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.