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Neil Fineman Formerly With First Allied Securities, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Neil Fineman formerly with First Allied Securities, Inc.?

Neil Fineman

Neil Fineman (CRD #2225170) who was formerly registered as a broker with First Allied Securities, Inc. and located in Las Vegas, Nevada, is a subject of one of our many securities industry sales practice abuse investigations. Prior to First Allied Securities, Inc., Neil Fineman was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Neil Fineman has had his own share of regulatory problems. In fact there were 3 FINRA regulatory actions against him. One action was for failure to pay an arbitration award. In another case he was suspended for engaging in outside business activities. In 2017 he was permanently barred in all capacities from any further association with a FINRA member firm for engaging in private securities transactions by selling away at least $2.5 million worth of shares in a company and its subsidiaries without providing prior written notice to each of his respective firms and gaining their approval.

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Neil Fineman Customer Complaints

Neil Fineman has been the subject of 8 customer complaints that we know about to recover investment losses. Seven of the customer complaints were settled by his former employers in favor of the investors. Only one of the customer complaints was denied by the brokerage firm and no further action was taken.

Allegations Against Neil Fineman

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Selling away.
  • Unauthorized trading.
  • Failure to inform customer of tax consequences of surrendering a variable annuity.
  • Advisor made unsuitable, high risk investments and failed to diversify claimant’s portfolio.
  • Breach of fiduciary duty and negligence.
  • Unsuitable recommendations to invest in REITs.

Neil Fineman Red Flags & Your Rights As An Investor

Of course, Neil Fineman 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 Neil Fineman at First Allied Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Neil Fineman has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at First Allied Securities, 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.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At First Allied Securities, Inc. Due To Neil Fineman

If you have questions about First Allied Securities, Inc. and/or Neil Fineman 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 $170 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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