One Seven Broker Mitchell Hirsch Mutual Fund Losses

One Seven

There are options for clients of One Seven broker Mitchell Hirsch (CRD# 1147538) who suffered investment losses due to mutual fund investments fraud. He has been registered with Fortune Financial Services, Inc. in Coral Springs, Florida since 2020 and with One Seven in Coral Springs, Florida since 2018. Previously, he was registered with International Assets Advisory, LLC in Coral Springs, Florida from 2017 to 2020.

Mitchell Hirsch Customer Complaints

Mitchell Hirsch has been the subject of five customer complaints between 1993 and 2021, two of which were denied and one was withdrawn, according to his CRD report. The most recent complaint was regarding: 

October 2021. “Claimants entrusted Respondents with the management of their investments and expected Respondent to fulfill their fiduciary obligations by putting Claimants’ interests ahead of their own. Rather than satisfy their fiduciary obligations, Respondents invested Claimants’ money in redundant hedge funds for the sole reason that such investments generated substantially higher fees.” The customer is seeking $1 million in damages and the case is currently pending. The complaint was regarding mutual fund losses and took place while he was registered with Everglades Parkland Advisors (now One Seven).

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, One Seven may be liable for investment or other losses suffered by Mitchell Hirsch’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.