The Financial Industry Regulatory Authority (FINRA) has complaints against Charles Geraci. They allege that he violated securities laws that include making unsuitable investments, breach of fiduciary duty, fraud, misrepresentations, and negligence, among other claims. Most of the claims tend to relate to allegations regarding the inappropriate sale of direct participation products such as limited partnerships, equipment leasing, oil and gas investments and non-traded real estate investment trusts (non-traded REITs) and variable annuities. The complaints specify certain oil and gas programs and United Mortgage Trust (UMT).
Many of these products are very unsuitable for investors, as they are risky and illiquid. A broker has a duty to only recommend those investments that are suitable for clients, and his firm may be liable if the client loses money in these investments. Please call our law firm today if you have suffered similar losses, and you may speak to an attorney for free about your options of suing to recover losses in the FINRA arbitration forum on a contingency fee basis.
According to his online BrokerCheck report, Geraci was registered with The Variable Annuity Marketing Company, The Prudential Insurance Company of America, Pruco Securities Corp, Cadaret, Grant & Co., Sun Investment Services Company, Signal Securities Inc., Walnut Street Securities, D.H. Hill Securities, VSR Financial Securities and SagePoint Financial. He is currently registered with VSR Financial Services in The Woodlands, Texas and has been since January 2014. He has six customer disputes against him, one of which is currently pending.
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