Recover Your Losses Caused by FSC Securities Corp.
| November 19, 2019
Did you invest with FSC Securities or an FSC broker?
FSC Securities Corporation operates as a subsidiary the AIG Advisor Group. Since 1958, FSC Securities Corporation has been a privately held independent broker-dealer providing brokerage and insurance services as well as investment advisory and research services. FSC is based in Atlanta, GA and has more than 1300 financial professionals in over 550 U.S. cities.
FSC Securities Corporation, as a registered investment and brokerage firm, has a fiduciary duty to its clients. This means that FSC and all its registered brokers must act in their clients’ best interests, recommending suitable investments and properly supervising their investment portfolios. When this doesn’t happen, investors can lose a substantial amount of money. If this happened to you, contact Meyer Wilson to speak with an investment loss attorney.
Disclosure Events in FSC Securities Corporation’s History
The Financial Industry Regulatory Authority or “FINRA” for short keeps a record of regulatory events and arbitrations in a brokerage firm’s history. According to FINRA’s BrokerCheck® report on FSC Securities Corporation, FSC has 21 regulatory events, 15 arbitration events, and 8 bond events in its history.
In April 2010, allegations were initiated against FSC Securities that “the firm and its registered representative earned commissions for selling, soliciting and negotiating insurance policies in Illinois without a valid business entity license on two separate occasions.” Without admitting or denying the findings, FSC agreed to pay a monetary fine of $27,000.
In a separate regulatory instance initiated in January 2007, the NASD alleged that FSC failed to report various matters and reported one matter late in violation of NASD Rule 3070. Without admitting or denying the findings, FSC agreed to pay a monetary fine of $30,000.
Failed reporting, failure to properly supervise, and other types of negligence can all lead to substantial investor losses. If this happened to you, Meyer Wilson may be able to help you recover your losses. We represent clients in state and federal court, in private arbitration, FINRA arbitration, and other types of venues. Contact us today to learn more about your options.
About Meyer Wilson
Meyer Wilson recovered more than $350 million on behalf of its clients. Our firm knows how to secure the financial recovery that our clients deserve. If you invested your money with FSC Securities, we may be able to help you. Our firm has been voted one of the “Best Law Firms” by U.S. News and our lead attorney, David Meyer, was voted “Lawyer of the Year” in 2015 for his work in professional malpractice cases.
To learn how our firm could help you, call us at (888) 390-6491 or fill out acontact form today!