DID LOUIS MAURICE OLAVE CAUSE YOU INVESTMENT LOSSES?
Louis Maurice Olave Of Lincoln Investment and Formally with Questar Capital Corporation Has for Customer Complaints for Alleged Broker Misconduct
Who is Louis M. Olave with Lincoln Investment?
Louis Olave (CRD #5904834) who is currently registered with Lincoln Investment and located in Burlington, Vermont is a subject of one of our many securities industry sales practice abuse investigations.
Prior to Lincoln Investment, Louis Olave was associated with Questar Capital Corporation and Proequities, Inc., two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Questar Capital Corporation Broker Misconduct
In his career, Louis Olave has been the subject of 4 customer complaints that we know about, 1 of those complaints were filed in the last year to recover investment losses.
One of Louis Olave’s customers went through an arbitration proceeding and received an arbitration award in his favor. The other 3 complaints were denied by his former employer’s in the customers did not take any further action to recover their investment losses.
Allegations Against Louis Olave
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- The claimant alleges an arbitration proceeding that Louis Olave made unsuitable investment recommendations to invest in The Future Income Payments, LLC that constituted violations of FINRA rules, breach of his fiduciary duty, negligence, and breach of contract.
- The client alleged at the recommendation and sale of annuities were unsuitable recommendations and transactions. Given her retirement, and liquidity needs.
- The customer complained that the recommendation to sell an annuity and reinvest in a structured cash flow offering was appropriate. Further, that she was not advised that the annuities surrender would be a taxable event.
Louis Olave Red Flags & Your Rights as An Investor
Of course, Louis Olave 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 that should put all current and former customers of Louis Olave at Lincoln Investment, Questar Capital Corporation, and Proequities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Louis Olave has engaged in any stockbroker misconduct that may have caused them investment losses.
The large number of customer complaints at Questar Capital Corporation and Proequities, 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 Lincoln Investment, Questar Capital Corporation, and Proequities, Inc.
If you have questions about Lincoln Investment, Questar Capital Corporation, Proequities, Inc. and/or Louis Olave, 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.