Stoltmann Law Offices is investigating Richard Fichter, a registered representative with Securities America in Williamsville, New York. Mr. Fichter allegedly acted negligently in connection to alleged improper sales practices employed by the account’s previous representative, made unsuitable recommendations and trades, failed to follow instructions, executed unauthorized trades, placed trades for the primary purpose of generating commissions, failed to follow instructions, engaged in deceptive acts and practices and did not cancel a trade as requested, among other things. These are all against securities laws. Mr. Fichter was previously registered with First Investors Corp from June 1983 until November 1983, William Cadden from October 1983 until September 1985 and Dean Witter Reynolds in Purchase, New York from September 1985 until February 1991. He is currently registered with Securities America in Williamsville, New York and has been since March 1991. He has four customer disputes against him, one of which is currently pending.
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