brokerwatch

 
 

Global Wealth Management & Madison Avenue Securities Investigation

Global Wealth Management is an independent financial services firm located in Florida and offers securities through Madison Avenue Securities. According to FINRA’s BrokerCheck, the brokers at Global Wealth Management currently have 18 disclosures total.

 

Peiffer Wolf is currently investigating potential claims against the brokers at  Global Wealth Management for their recommendations of unsuitable alternative investments. According to FINRA’s BrokerCheck, allegations against the brokers include unsuitable recommendations, unsuitable investments, breach of contract and negligence, and breach of fiduciary duty.

 

If you are/were a client of a broker at Global Wealth Management, Contact Us Today by calling 585-310-5140 or by filling out an online contact form for a FREE Consultation.

Global Wealth Management Investigation| Unsuitable Investments

 

Peiffer Wolf has begun an investigation into the brokers at Global Wealth Management. A number of Brokers at Global Wealth management have allegedly recommended New York City REIT and other unsuitable REITs to investors.

 

Brokers and financial advisors are often drawn to recommending REITs because of the high commissions associated with the transaction. These alternative investments are generally only suitable for savvy investors who are wealthy and sophisticated. These complex investment products are often highly illiquid, meaning investors may be stuck and not able to access their money. Moreover, many illiquid REITs cannot be freely sold in the marketplace.  All too often, investors trying to exit or access their money are faced with two bad options: sell the shares directly back to the sponsor at a heavily discounted price or sell the shares for pennies on the dollar through the limited secondary markets.

Have you suffered losses investing with Global Wealth Management & Madison Avenue Securities? The broker misconduct attorneys at Peiffer Wolf will fight to recover your losses.

 

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Based on our experience, we believe that there are more investors who have been the victims of Global Wealth Management’s Broker’s alleged broker misconduct and investment fraud. If you invested with brokers at Global Wealth Management, contact Peiffer Wolf immediately for a FREE Consultation.

 

Peiffer Wolf is currently investigating brokers at Global Wealth Management’s practices, as well as the products they recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140.

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Bad Brokers in the news

Global Wealth Management & Madison Avenue Securities Brokers

Andrew Montgomery Costa (4847063) – Broker

*Currently registered with Madison Avenue Securities & Global Wealth Management
  • 10/21/2020: Customer Dispute – Pending – Damages Requested: $50,000
  • 9/8/2020: Customer Dispute – Pending – Damages Requested: $100,000
  • 3/9/2020: Customer Dispute – Settled – Settlement Amount: $22,500
  • 2/25/2020: Customer Dispute – Pending – Damages Requested: $90,000
  • 9/17/2019: Customer Dispute – Settled – Settlement Amount: $4,000
  • 3/27/2019: Customer Dispute – Settled – Settlement Amount: $15,000
  • 10/24/2018: Customer Dispute – Settled – Settlement Amount: $15,000
  • 6/22/2018: Customer Dispute – Settled – Settlement Amount: $15,000
  • 3/1/2018: Customer Dispute – Settled – Settlement Amount: $10,000
  • 2/26/2018: Customer Dispute – Settled – Settlement Amount: $175,000
  • 2/26/2018: Customer Dispute – Settled – Settlement Amount: $5,000

Previous Firms: GF Investment Services (Fort Lauderdale, FL), Costa Financial Securities (Hollywood, FL), and Costa Financial Group (Boca Raton, FL). FINRA expelled Costa Financial Securities on 3/4/2008.

 

To review Andrew Costa’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/4847063

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Grant Conness (4778193) – Broker and Investment Advisor

*Currently registered with Madison Avenue Securities & Global Wealth Management
  • 10/20/2020: Customer Dispute – Pending – Damages Requested: $50,000
  • 9/8/2020: Customer Dispute – Pending – Damages Requested: $100,000
  • 9/17/2019: Customer Dispute – Settled – Settlement Amount: $4,000
  • 10/24/2018: Customer Dispute – Settled – Settlement Amount: $15,000
  • 3/1/2018: Customer Dispute – Settled – Settlement Amount: $10,000
  • 12/7/2016: Customer Dispute – Closed-No Action

 

Previous Firms: Global Financial Private Capital (Fort Lauderdale, FL), GF Investment Services (Fort Lauderdale, FL), Pacific West Securities (Boca Raton, FL), Costa Financial Securities (Hollywood, FL), and SII Investments. FINRA expelled Costa Financial Securities on 3/4/2008.

 

To review Grant Conness BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/4778193

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Amber Kelly (6340043) – Broker and Investment Advisor

*Currently registered with Madison Avenue Securities & Global Wealth Management
  • 2/25/2013: Financial – Final – Compromise: Satisfied/Released

 

Previous Firms: Global Financial Private Capital (Fort Lauderdale, FL)

 

To review Amber Kelly’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/6340043

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Richard James Giannotti (6482048) – Broker and Investment Advisor

*Currently registered with Madison Avenue Securities & Global Wealth Management

Previous Firms: Global Financial Private Capital (Fort Lauderdale, FL)

 

To review Richard Giannotti’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/6482048

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Did You Invest with Global Wealth Management? Global Wealth Management Investigation

FREE Consultation | 585-310-5140

 

If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.

Contact Peiffer Wolf today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.

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