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Did you Lose Money with Former Investors Capital Corp. Financial Adviser Donnie Eugene Ingram?

Posted on Monday, April 17th, 2017 at 1:22 pm    

Erez Law is currently investigating former Investors Capital Corp. financial advisor Donnie Eugene Ingram (CRD# 1416971) regarding unsuitable investment recommendations. Ingram was registered with Investors Capital Corp. in Winter Haven, Florida from 1997 to 2016. He has been registered with Centaurus Financial, Inc. in Winter Haven, Florida since 2016.

Ingram has been the subject of eight customer complaints between 2012 and 2016, according to his CRD report:

November 2016. “Alleged unsuitability of investments made from 2003-2015.” The customer is seeking $906,353.70 in damages and the case is currently pending.

November 2016. “Alleged unsuitability of investments made from 2005-2011.” The customer is seeking $222,266.50 in damages and the case is currently pending.

October 2016. “Client claims respondent sold him unsuitable investments.” The customer is seeking $230,456.56 in damages and the case is currently pending.

August 2016. “Client alleges over concentrated and unsuitable investments. No losses are alleged.” The customer is seeking $308,437.98 in damages and the case is currently pending.

May 2016. “Suitability of investments made between 2008 & 2011.” The customer is seeking $100,000 in damages and the case is currently pending.

February 2014. “Suitability, alleged investment losses.” The customer sought $309,275 in damages and the case was denied.

August 2012. “Customer is a claimant in a multi-claimant action involving customers of another agent. Allegations are unsuitability and lack of due diligence for an investment in inland western reit in 2004. See comments below for additional information.” The customer sought $683,000 in damages and the case was settled for $1,167.60.

June 2012. “Suitability.” The client sought $500,000 in damages and the case was settled for $232,500.

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, Investors Capital Corp. may be liable for investment or other losses suffered by Ingram’s customers.

Erez Law represents investors in the United States for claims against former Investors Capital Corp. financial advisor Donnie Eugene Ingram, who is alleged to make unsuitable investment recommendations. If you were a client of former Investors Capital Corp. financial advisor Donnie Eugene Ingram or another firm, 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.