The Secretary of the Massachusetts Securities Division has brought an action against former Invest Financial Corporation broker, Elizabeth Hughes (CRD#: 4730610) and her husband, Gregory Felden for making unsuitable investment recommendations and material misrepresentations in connection with the sale of an annuity.
If you believe you have suffered losses as a result of Ms. Hughes and/or Mr. Felden’s negligence or intentional wrongdoing, please contact Levin Law, P.A. for a free case evaluation to see if you qualify to bring a lawsuit, arbitration claim, or class action.
According to the Secretary, Hughes and Felden engaged in unethical and dishonest conduct due to Felden engaging in securities business without being registered to do so. Felden has not been registered in the securities industry since 2002, and Felden has two previous complaints related to misrepresentations of annuity contracts and failure to deliver policy contracts.
Hughes was a Massachusetts-based broker since 2003 selling securities and insurance products. Using social media Meetup.com, Hughes and Felden began meeting people and pitched investments to them. In March 2015, Hughes and Felden sold an annuity to a client. That client had saved $250,000 towards retirement in her 401(k), but Felden lied and exaggerated about the client’s financial assets. Therefore, the Secretary permanently barred Felden and requested that Hughes and Felden disgorge all profits and pay restitution to fairly compensate investors for their losses.
If your stockbroker, financial advisor, or investment professional makes unsuitable investment recommendations or makes material misrepresentations to you, the company that he or she works for might be liable to you for resulting damages. Brokerage firms are required to adequately supervise their brokers and financial advisors under FINRA Rule 3110.
Contact Levin Law managing partner Brian Levin at (305) 402-9050 or email firstname.lastname@example.org for a free case evaluation. Levin Law accepts most cases on a contingency-fee basis, meaning you are not responsible for Levin Law’s attorney fees unless money is recovered on your behalf.
Levin Law is a premier national securities, commodities, futures, and class action law firm. Brian Levin, Levin Law’s founding attorney, has helped recover in excess $100,000,000 through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.