Erez Law is currently investigating First Allied Securities, Inc. financial advisor Marsha Lee (CRD# 1028237) regarding unsuitable investment recommendations. Lee has been registered with First Allied Securities, Inc. in Palm Desert, California since 1995.
Lee has been the subject of two customer complaint between 2000 and 2018, one of which was denied, according to his CRD report:
October 2018. “Claimants allege that the rep recommended investments that were unsuitable for them. Claimants’ generally allege breach of duty, misrepresentation, unfair practices, and negligence.” The customer is seeking $525,235 in damages and the case is currently pending. This case was regarding equity OTC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Allied Securities, Inc. may be liable for investment or other losses suffered by Lee’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.