There are options for customers of former HD Vest Investment Services broker Travis Eiland (CRD# 4127872) who is accused of unsuitable investment recommendations. He has been registered with HD Vest Investment Services (Avantax Investment Services, Inc.) in Bayton, Texas from 2000 to 2019.
In November 2021, FINRA barred Travis Eiland after he failed to respond to FINRA requests for information.
Travis Eiland Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2021. “Claimants alleged they incurred a loss in their account because of an unsuitable trading strategy, churning, breach of fiduciary duty, statutory fraud and breach of contract.” The customer is seeking $369,314 in damages and the case is currently pending. The complaint was regarding options losses and took place while he was registered with HD Vest Investment Services (Avantax).
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, HD Vest Investment Services may be liable for investment or other losses suffered by Travis Eiland’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.