Published On: February 10, 2017

Did you lose money with Michael Spears, a registered broker with IMS Securities? If so, the attorneys at Stoltmann Law Offices may be able to help you recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. We may be able to bring a claim against his firm, IMS Securities, for failing to reasonably supervise him. Mr. Spears was accused of negligence, failure to supervise, misrepresentation, breach of fiduciary duty, and other claims. He was accused of selling direct participation products (DPPs) such as non-traded real estate investment trusts (REITs) and other alternative investments. REITs and other DPPs are typically risky and illiquid investments that are not suitable for all investors. A broker must take into account an investor’s age, net worth, investment objectives and risk tolerance, among other factors when recommending an investment. If he does not, his investment firm may be liable for losses. Mr. Spears is registered with IMS Securities in Houston, Texas and has been since May 2002. He has two pending customer disputes against him. If you lost money with Michael Spears, you may be able to sue IMS Securities. Please call 312-332-4200 to speak to an attorney. The call is free with no obligation.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys