August 2016-Arden Arcade, CA
The FINRA records of Joel E. Archer , a stock broker who is currently employed by Summit Brokerage Services , disclose a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the pending complaint received June 2016, a customer alleges damages of $200,000 for unsuitable recommendations and excessive trading in stock, bond funds, and real estate investment trusts (REITs) between 2/2012-5/2015.
Archer has been employed by Summit Brokerage Services since 2/2010.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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