brokerwatch

 
 

Integrated Financial Group & Royal Alliance Associates Investigation

Integrated Financial Group is an independent financial services firm located in South Jordan, UT,  and offers securities through Royal Alliance Associates. According to FINRA’s BrokerCheck, Royal Alliance Associates currently has 78 disclosures total.

 

Peiffer Wolf is currently investigating potential claims against the brokers at Integrated Financial Group for their recommendations of unsuitable alternative investments, including GPB Capital Holdings.

 

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

Integrated Financial Group Investigation | Unsuitable Investments | GPB

 

Peiffer Wolf has begun an investigation into the brokers at  Integrated Financial Group. A number of Brokers at Integrated Financial Group have allegedly recommended GPB Capital Holdings and potentially other alternative investments to investors.

 

Investors were pitched attractive returns offered GPB and the broker-dealers who sold the GPB Funds. Brokers, however, were motivated by the 8% commission for selling GPB funds. It now appears as if brokers received more than $100 million in commissions.

 

Furthermore, the notes that were sold are considered private placement, or non-traditional, investments that are not registered with the SEC. These inherently risky investments are often only suitable for sophisticated investors. However, many brokerage firms and financial advisors still sell these products because they offer higher commissions.

Have you suffered losses investing with Integrated Financial Group & Royal Alliance Associates Investigation? 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 Integrated Financial Group’s alleged broker misconduct and investment fraud. If you invested with brokers at Integrated Financial Group, contact Peiffer Wolf immediately for a FREE Consultation.

 

Peiffer Wolf is currently investigating the practices of brokers at Integrated Financial Group, 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

Integrated Financial Group & Royal Alliance Associates Investigation

Sam Clark – Broker and Investment Advisor

Most notable disclosures:

 

  • 2 Customer Disputes. Status: Settled. Total Amount: $1,600,000.00. Allegations include: “Claimants […] allege they were not told of the risks associated with this type of investment” and “the clients allege [….] the representative solicited and induced them to investing in limited partnerships by misrepresenting that the investments were secure and would provide high returns and failed to disclose material facts.”
  • 1 Employment Separation after allegations. Termination Type: Discharged. Allegations: “[…] violations of firm policy regarding communications with the public including a violation of firm policy related to client communications involving the solicitation of private placements.”

 

Previous Firms: Lincoln Finacial Advisors, The Lincoln National Life Insurance Company, Signator Investors, John Hancock Mutual Life Insurance Company, and Fidelity Brokerage Services.

 

To review Sam Clark’s Brokercheck report, click here:

https://brokercheck.finra.org/individual/summary/2205783

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

James F. Davenport – Broker and Investment Advisor

James F. Davenport has been the subject of 3 disclosures, including one “Employment Separation After Allegations”, initiated by Lincoln Financial Advisors Corporation “Registered representative was terminated for violations of firm policy regarding communications with the public including a violation of firm policy related to client communication involving solicitation of private placements.”

 

Previous Firms: Lincoln Finacial Advisors, The Lincoln National Life Insurance Company, and Signator Investors

 

To review James F. Davenport’s Brokercheck report, click here:

https://brokercheck.finra.org/individual/summary/2872276

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

Les Barber – Broker and Investment Advisor

Most notable disclosures:

 

  • December 2020. Customer Dispute – Status: Pending. Damages Amount Requested: $237,000.00. Allegations: “Claimant alleges private placement recommendations were not suitable.”
  • November 2015. Customer Dispute – Status: Settled. Settlement Amount: $172,500.00. Allegations: “[client alleges] all of his retirement savings were put into highly risky and illiquid investments.”
  • February 13.  Employment Separation after allegations. Termination Type: Discharged. Allegations: “[…] violations of firm policy regarding communications with the public including a violation of firm policy related to client communications involving the solicitation of private placements.”

 

Previous Firms: Lincoln Finacial Advisors and The Lincoln National Life Insurance Company.

 

To review Les Barber’s Brokercheck report, click here:

https://brokercheck.finra.org/individual/summary/1256348

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

Did You Invest with Integrated Financial Group? Integrated Financial Group 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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