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Hector May Of Securities America, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Hector May formerly with Securities America, Inc.?

Hector May (CRD #323779) who was formerly registered with Securities America, Inc. and located in New City, New York, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Securities America, Inc., Hector May was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Hector May has had his own share of regulatory problems. In 2019 he settled and SEC investigation alleging that he misappropriated $7.9 million from investors in a Ponzi-like scheme. Later that year, he pled guilty to the charge of conspiracy to commit wire fraud in connection with the aforesaid scheme. Mr. May was sentenced to 156 months imprisonment, 3 years of supervised release, restitution of over $8 million, and forfeiture of interest in the sum of money equal to $11.4 million.

Hector May Customer Complaints

Hector May has been the subject of 3 customer complaints that we know about to recover investment losses. All 3 of those complaints were settled by Securities America for $406,000, over $3.9 million and $9.5 million.

Allegations Against Hector May

The allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses were all about misappropriation of their assets in connection with the alleged did Ponzi-style scheme for which he was sanctioned by the SEC and sentenced to prison.

Hector May Red Flags & Your Rights As An Investor

Of course, Hector May 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 Hector May at Securities America, Inc. on alert to review carefully the activity and performance of their accounts and question whether Hector May has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Securities America, Inc. also raises questions about the brokerage firm’s 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 Hector May

If you have questions about Securities America, Inc. and/or Hector May 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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