SAN DIEGO, CALIFORNIA
We are currently investigating allegations made against Independent Financial Group, a San Diego, California-based securities brokerage firm. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Independent Financial Group, making allegations that it failed to adequately supervise a registered representative.
In particular, the representative recommended a concentration of speculative and illiquid securities in non-traded REITs, or real estate investment trusts. The representative had solicited dozens of customers to invest in non-traded REITs. To settle these allegations, Independent Financial Group agreed to pay a $200,000 fine.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have represented over one thousand investors against many brokerage firms in the past.