FSC Securities Corporation | DKR | Improper Conduct

FSC Securities Corporation

FSC Securities Corporation

FSC Securities has been around since 1958. The company has approximately 1,300 brokers in 550 U.S. cities. The company sells mutual funds, variable annuities, managed accounts, stocks, bonds, and insurance products.

FSC Securities Ordered to Pay Customers $685,000

A FINRA arbitration panel ordered FSC Securities to a group of investors $685,000 to compensate them investor for damages suffered as a result of FSC’s improper conduct. Claimants asserted the following causes of action: violations of federal securities laws; violations of North Carolina Securities Act; violations of North Carolina Trade Practices Act; violations of the Virginia Securities Laws; violations of South Carolina Securities Act; breach of contract; common law fraud; breach of fiduciary duty; negligence and gross negligence; and, respondeat superior. The causes of action relate to Claimants’ investments in, among other things, Mobil Billboards of America, Inc., f/k/a National Payphone Corporation; Merchant Capital LLC/Evergreen High Yield 0801-4 RLLP; and, Merchant Capital, LLC/Evergreen High Yield 1104-9 RLLP. Among other things, the arbitrators found that FSC ignored a number of “red flags.”

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.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182