DID ELLIOTT ERIC PACKER CAUSE YOU INVESTMENT LOSSES?
Elliott Packer Formerly With Securities America, Inc. And Financial West Group Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Elliott Packer formerly with Securities America, Inc.?
Elliott Packer (CRD #2372672) who was formerly registered with Securities America, Inc. and Securities America Advisors and located in Wellesley, Massachusetts is a subject of one of our many securities industry sales practice abuse investigations. Prior to Securities America, Inc. and Securities America Advisors, Elliott Packer was associated with Financial West Group and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Elliott Packer Customer Complaints
Elliott Packer has been the subject of 4 customer complaints that we know about. Two of Elliott Packer’s 4 customer complaints were settled in favor of investors. The other 2 Elliott Packer customer complaints were denied and the customers did not take any further action.
Allegations Against Elliott Packer
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleges Elliott Packer recommended they invest in real estate instead of an advisory account and that the advisor converted funds from the real estate investment for personal use.
- Client complaint received regarding level of trading activity and market loss allegedly committed by Elliott Packer.
- Client’s complaint revolves around her three (3) managed accounts, the volume of transactions, the performance, and the fees paid, allegedly committed by Elliott Packer.
- The client alleges that the Trust incurred over $13,000 worth of legal fees when establishing their account. In addition, the client alleges that excessive trading generated over $130k in gains and will result in over $40K in taxes by Elliott Packer.
Elliott Packer Red Flags & Your Rights As An Investor
Of course, Elliott Packer did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Elliott Packer at Securities America, Inc., Securities America Advisors and Financial West Group on alert to review carefully the activity and performance of their accounts and question whether Elliott Packer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Securities America, Inc., Securities America Advisors and Financial West Group also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Securities America, Inc. Due To Elliott Packer
If you have questions about Securities America, Inc., Securities America Advisors, Financial West Group, and/or Elliott Packer and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.