Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 31, 2018 indicate that Colorado-based brokerage and advisory firm Presidential Brokerage has received several customer disputes and a regulatory sanction. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Presidential Brokerage (CRD# 28784).
Established in California in 1991, Presidential Brokerage is headquartered in Greenwood Village, Colorado and registered with 50 US states and territories. According to its BrokerCheck report, it has received one regulatory event and four customer complaints that evolved into arbitration.
In 2015 a customer alleged Presidential Brokerage breached its fiduciary duty, recommended unsuitable investments, breached contract, failed in its supervisory duties, and acted negligently. The complaint resulted in an award to the customer of more than $654,000.