Alternative Investment Losses with Alliance Global Partners Broker Peter Schiff
Posted on Monday, November 29th, 2021 at 4:50 pm
Erez Law is currently investigating A.G.P. / Alliance Global Partners (formerly Euro Pacific Capital, Inc.) broker Peter Schiff (CRD# 1759484) regarding private placement investment losses. Peter Schiff has been registered with A.G.P. / Alliance Global Partners (formerly Euro Pacific Capital, Inc.) in Newport Beach, California since 1997.
Peter Schiff Faces Customer Complaints for Private Placement Losses
Peter Schiff has been the subject of five customer complaints between 2010 and 2021, one of which was denied, according to his CRD report. The most recent complaints are regarding:
February 2021. “Allegations of negligent omissions and misrepresentations, unsuitability, breach of fiduciary duty, breach of contract and failure to supervise from Feb 2015 to Feb 22, 2021.” The customer sought $273,287.74 in damages and the case was settled for $45,000. The complaint was regarding private placements and took place while Peter Schiff was registered with Euro Pacific Capital, Inc.
April 2019. “Allegations of unsuitable investments; misrepresentation and omission to disclose material risks of those investments and failure to supervise.” The customer sought $450,000 in damages and the case was settled for $60,000. The complaint was regarding private placements and took place while Peter Schiff was registered with Euro Pacific Capital, Inc.
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, A.G.P. / Alliance Global Partners (formerly Euro Pacific Capital, Inc.) may be liable for investment or other losses suffered by Peter Schiff’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.