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Richard Fredette Formerly With Cantella & Co., Calton & Associates, and IMS Securities Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Richard Fredette formerly with Cantella & Co.?

Richard Fredette (CRD #1283377) who was formerly registered with Cantella & Co.and located in Houston, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cantella & Co., Richard Fredette was associated with Calton & Associates, IMS Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Richard Fredette Customer Complaints

Richard Fredette has been the subject of 4 customer complaints that we know about. Two of Richard Fredette’s 4 customer complaints were settled in favor of investors. One of Richard Fredette’s customers’ complaints was denied and the customers did not take any further action. There is currently one pending customer complaint filed against IMS Securities and Calton & Associates for investment losses caused by Richard Fredette’s alleged misconduct.

Allegations Against Richard Fredette

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

  • Unsuitable investment recommendations were allegedly made by Richard Fredette.
  • Richard Fredette’s allegedly gave fraudulent investment advice and breached his fiduciary duty when making unsuitable investment recommendations.

Richard Fredette Red Flags & Your Rights As An Investor

Of course, Richard Fredette 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 Richard Fredette at Cantella & Co., Calton & Associates and IMS Securities on alert to review carefully the activity and performance of their accounts and question whether Richard Fredette has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cantella & Co., Calton & Associates and IMS Securities 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 Cantella & Co., Calton & Associates and IMS Securities Due To Richard Fredette

If you have questions about Cantella & Co., Calton & Associates, IMS Securities, and/or Richard Fredette 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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