Associated Securities Corp.

Associated Securities Corp. represents that it is dedicated to being the broker/dealer of choice for elite representatives. Associated Securities Corp. was founded in 1982 with the goal of providing the highest quality, independent advice and service to their clients. While the firm claims to have a commitment to integrity and excellence and to adhere to the rigorous ethical standards required of financial services professionals, the firm recently was found liable to investors for more than $8 million in damages as a result of improper sales of hedge funds by one of its registered representatives.

Associated Securities Ordered to Pay Customers $8.9 Million

A FINRA arbitration panel ordered Associated Securities Corp. to pay a group of investors $8.9 million to compensate them for damages that they suffered as a result of Associated’s sales of a managed options fund. The claims involved allegations that an Associated Securities broker misrepresented the risky investment as one that would provide his clients with safety and liquidity. The FINRA panel also found that Associated Securities failed to supervise its broker properly.

Associated Securities Ordered to Pay Customer $371,000

A FINRA arbitration panel ordered Associated Securities Corp. to pay an investor $371,000 to compensate him for damages that he suffered as a result of Associated’s sales certain risky technology and biotechnology. Among other things, the investors accused Associated Securities and its broker of breach of contracts, churning, fraud, and failure to supervise.

If you suffered investments losses, please contact us or communicate with a Dimond Kaplan & Rothstein, P.A. attorney at 888-578-6255 or jkaplan@dkrpa.com for a free case evaluation.