Louis Olave, previously with Questar Capital Corp. Ordered to Pay $23,999 to Customer
Have you lost money with financial advisor Louis Olave? We are looking into allegations made about Louis M. Olave from Burlington, Vermont. A FINRA (the Financial Industry Regulatory Authority) arbitrator ordered Olave to pay $23,999 to a customer. The customer made allegations regarding a recommendation to invest in Future Income Payments (FIP). Investors in Future Income Payments have lost considerable money.
Louis Olave was a financial advisor and registered representative of Questar Capital Corp. from November 2015 to February 2019. He has been with Lincoln Investment from February 2019 to the present. He worked in branch offices in Burlington, Vermont. Olave has been the subject of three other customer complaints.
Brokerage firms like Questar Capital Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; Seattle, Washington; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including Vermont. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Questar Capital Corp.