Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that Virginia-based Intervest International Equities Corporation broker/adviser Jeffrey Geraci has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Geraci (CRD# 1839469).
Jeffrey Geraci has spent 27 years in the securities industry and has been registered with Intervest International Equities Corporation in Virginia Beach, Virginia since 2010. Previous registrations include MICG Investment Management, which has since been expelled by FINRA, in Virginia, Beach, Virginia; Infinex Investments in Virginia Beach, Virginia; BI Investments in Virginia Beach, Virginia; and First Command Financial Planning in Tampa, Florida. He is a registered broker and investment adviser with 10 US states and territories: California, Colorado, Florida, Hawaii, Illinois, Maryland, North Carolina, Texas, Utah, and Virginia.
According to his BrokerCheck report, Jeffrey Geraci has received two customer complaints and one FINRA sanction.
In 2012, a customer alleged Jeffrey Geraci, while employed at MICG Investment Management, failed to complete redemption instructions on a managed account. The complaint settled in 2013 for $110,000, to which Mr. Geraci individually contributed $55,000.
In 2011, FINRA sanctioned Jeffrey Geraci following allegations he recommended that a customer who was not an accredited investor purchase a high risk, illiquid security, without having a reasonable grounds to believe the product, a convertible note, was suitable. He was issued a 2-day suspension and ordered to pay $50,000 in restitution.
In 2010, a customer alleged Jeffrey Geraci, while employed at MICG Investment Management, made unsuitable recommendations, misrepresented material facts related to an investment, and omitted material facts related to an investment. The complaint settled in in 2011 for $9,100, to which Mr. Geraci individually contributed $9,100.
If you or someone you know has lost money investing with Jeffrey Geraci, call the securities and investment fraud law firm 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.