Did your broker, James Vernon Regier, of Summit Brokerage Services, recommend United Development Funding (UDF) investments to you? If so, you may be able to recover those losses on a contingency fee basis. Please call our Chicago-based securities law firm today to speak to an attorney about your options of recovering your investment losses. We may be able to help you bring a claim against Summit Brokerage Services in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Please call today as time is of the essence. 312-332-4200.
Mr. Regier allegedly engaged in securities laws violations, including making unsuitable investments in clients’ accounts. He also allegedly engaged in unsuitable trading in a customer’s account by recommending purchases of publicly traded shares of UDF IV. UDF was a highly risky and illiquid investment that was not suitable for many investors. A broker has an ironclad obligation to only recommend and sell those investments that are suitable for his customers. If he does not, his brokerage firm may be liable for investment losses.
James Regier was previously registered with Washington Square Securities in Des Moines, Iowa from January 2002 until August 2002, and VSR Financial Services in Topeka, Kansas from August 2002 until November 2016. He is currently registered with Summit Brokerage Services in Topeka and has been since September 2016. He has three customer disputes against him, two of which are currently pending.
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