DID MICHAEL JOSEPH LUCIA CAUSE YOU INVESTMENT LOSSES?
Michael Joseph Lucia Of Brokers International Financial Services, LLC And Formally With H. Beck, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Michael J. Lucia with Brokers International Financial Services, LLC?
Michael Lucia (CRD #2229559) who is currently registered with Brokers International Financial Services, LLC and located in San Diego, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Brokers International Financial Services, LLC, Michael Lucia was associated with H. Beck, Inc. and 12 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
H. Beck, Inc. Broker Misconduct
In his career, Michael Lucia has been the subject of 3 customer complaints that we know about, one of those complaints were filed in the last year to recover investment losses. One of Michael Lucia’s 3 customer complaints was settled by his former employer Securities America in favor of investors. The other two complaints arose in connection with his employment at H. Beck, Inc. There is currently one pending customer complaint filed against Michael Lucia’s former employer H. Beck, Inc. for investment losses caused by his alleged misconduct.
Allegations Against Michael Lucia
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Claimant alleged that Michael Lucia made unsuitable investment recommendations to invest in REITs and business development companies.
- Client alleged unsuitable investment recommendations to invest in direct investments.
- Customer alleged that Michael Lucia made unauthorized and unsuitable transactions.
Michael Lucia Red Flags & Your Rights As An Investor
Of course, Michael Lucia 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 Michael Lucia at Brokers International Financial Services, LLC and H. Beck, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Lucia has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Brokers International Financial Services, LLC and H. Beck, Inc. also raises questions about 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 Brokers International Financial Services, LLC And H. Beck, Inc.
If you have questions about Brokers International Financial Services, LLC, H. Beck, Inc. and/or Michael Lucia 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.