The Massachusetts Securities Division Enforcement Section ("the Division")
filed a complaint against broker Thomas T. Riquier on February 14, 2018
for violating the Massachusetts Uniform Securities Act. According to the
Division, Riquier created a complex investment fraud scheme involving
real property and client loans that defrauded his investors out of over
Riquier has been a broker with United Planners' Financial Services
of America for the last 26 years. According to the Division, Riquier lured
investors in by telling them that the property they were investing in
would be sold for a substantial profit. He targeted mainly
elderly clients and investors in his scheme, many of whom have died. Those who remain
have never seen any return on their investments.
In addition, United Planners' Financial Services of America is also
named as a respondent in the complaint for failing to adequately supervise
Riquier. United Planners reportedly missed numerous red flags regarding
Riquier's conduct and never undertook a reasonable review of his outside
The Division is seeking several legal actions against Riquier, including
a revocation of Riquier's broker registration in the state of Massachusetts.
Were You Defrauded While Working with Thomas T. Riquier?
Meyer Wilson is dedicated to investigating brokers like Riquier so that
fewer people fall victim to deceit and investment fraud. If you suspect
that you may have suffered financial losses while working with Thomas
Riquier, our investment loss attorneys would like to speak with you. Call
(888) 390-6491 to
schedule a free case evaluation today.