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Erez Law Investigates Former Concorde Investment Services, LLC Broker Jeffrey Butler

Posted on Tuesday, November 24th, 2020 at 8:36 pm    

Concorde Investment Services

Did you lose money investing with former Concorde Investment Services, LLC broker Jeffrey Butler (CRD# 2319063)? Butler was registered with Fortune Financial Services, Inc. in Kewaskum, Wisconsin from 2015 to 2016 and previously with Concorde Investment Services, LLC in Kewaskum, Wisconsin from 2012 to 2015. 

Butler has been the subject of five customer complaints between 2008 and 2019, according to his CRD report. The most recent complaints are regarding: 

July 2019. “Client is requesting the return of investment losses in TD Ameritrade retirement account, stating that investments were not suitable and above her risk tolerance.” The customer is seeking $78,199.02 in damages and the case is currently pending. The complaint was regarding an independent retirement account (IRA) and took place while Butler was registered with Concorde Investment Services, LLC.

March 2019. “Client is alleging fraud, negligence, misrepresentation and suitability relating to MLP and leveraged/inverse ETF investments occurring from March 2012 to May 2015.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding exchange-traded notes and took place while Butler was registered with Fortune Financial Services and Concorde Investment Services, LLC.

July 2015. “Client is alleging suitability issues relating to equity purchases in 2014 and 2015.” The case was settled for $100,000. The complaint was regarding common and preferred stocks and took place while Butler was registered with Concorde Investment Services, LLC.

August 2015. “Client is alleging negligence, fraud and suitability issues relating to equity purchases occurring in 2014 and 2015.” The customer sought $100,000 in damages and the case was settled for $135,000. The complaint took place while Butler was registered with Concorde Investment Services, LLC and Fortune Financial Services, Inc. and was regarding common and preferred stocks. 

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, Concorde Investment Services, LLC may be liable for investment or other losses suffered by Butler’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.