INVEST Financial Corporation
| November 19, 2019
INVEST Financial Corporation is a full-service broker-dealer located in Tampa, Florida and licensed with state insurance agencies in all 50 states. Founded in 1982, INVEST was the first brokerage firm to sell securities in bank lobbies. As of 2008, the firm had over 1,200 advisors. INVEST Financial Corporation’s sole purpose is to supervise and support its registered representatives who offer advisory services and investment and insurance products.
A securities brokerage firm licensed by FINRA, INVEST Financial Corporation has a legal duty to supervise its brokers and its brokers’ recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages as a result of such wrongdoing, the firm may be held liable for the investor’s losses.
Claims and Complaints Against INVEST Financial Corporations
Since its founding in 1982, INVEST Financial has been involved in 20 arbitrations with FINRA and the National Association of Securities Dealers. The most significant of these cases resulted in a fine of $1.5 million levied in 2005 for giving preferential treatment to a small number of sponsors in return for “fees” that amounted to $12.5 million in total.
The 20 cases brought against INVEST Financial in its history includes complaints such as:
- Non-compliance with recordkeeping requirements
- Misrepresentation of facts to investors
- Falsely stating that they were acting as an agent when they were acting as a principal
- Providing improper investment advice
Do You Have a Claim Against INVEST Financial?
If you have a claim against INVEST Financial Corporation, Meyer Wilson has the expertise and resources to represent you and protect your rights as an investor. We have helped clients recover losses in state and federal courts, and we provide representation nationwide by arbitration through the Financial Industry Regulatory Authority (FINRA) and the American Arbitration Association (AAA), as well as private arbitration. We also represent international clients with claims against brokerage firms in the U.S. through FINRA.
To determine whether you have a case against INVEST Financial Corporation for your losses, call us or submit our online contact form to request a free case evaluation.