First Allied Securities, Inc.

First Allied Securities, Inc. was founded in 1994 and is a wholly-owned subsidiary of Advanced Equities Financial Corp., a Chicago-based investment bank. It is a full-service broker/dealer with approximately 1,000 financial advisor located throughout the United States. The company represents that integrity is the foundation of the company. First Allied Securities offers a wide range of products, including private equity investments, initial public offerings, and discretionary money management.

First Allied Securities Ordered to Pay Customers $120,000

A FINRA arbitration panel ordered First Allied Securities to pay two investors $120,000 to compensate them for damages that they suffered as a result of First Allied’s and its broker’s improper conduct. The investors accused First Allied and its broker of negligence, failure to execute transfers, and violations of NASD rules. Claimants’ claims involved common stock, corporate bonds, mutual funds, and government securities.

First Allied Securities Ordered to Pay Former Employee $75,000

A FINRA arbitration panel ordered Capital Financial to pay an investor $75,000 to compensate him for damages that he suffered as a result of First Allied’s improper conduct. The claimant accused First Allied of breach of employment contract, unjust enrichment, tortuous interference, civil conspiracy, intentional interference with contractual relations, promissory estoppel and misrepresentations related to the former employee’s termination.

If you suffered investment 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.