Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that New York-based National Securities broker Felippe Alves has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Alves (CRD# 4699678).
Felippe Alves has spent 12 years in the securities industry and has been registered with National Securities in New York, New York since 2013. Previous registrations include John Thomas Financial, which has since been expelled by FINRA, in New York, New York; National Securities in New York, New York; Joseph Stevens & Company in Brooklyn, New York; JP Turner & Company in Atlanta, Georgia; and Joseph Stevens & Company in Brooklyn, New York. He is a registered broker and investment adviser with 33 US states and territories.
According to his BrokerCheck report, Felippe Alves has received three customer complaints and one pending customer complaint.
In June 2016, a customer alleged Felippe Alves, while employed at National Securities, breached his fiduciary duty, breached contract, misrepresented material facts, engaged in churning, and executed unauthorized trades. The customer is seeking $5,750,000 in damages in the pending complaint.
In 2010, a customer alleged Felippe Alves, while employed at John Thomas Financial, did not charge commissions agreed upon with his previous broker. The complaint settled for $25,000, to which Mr. Alves individually contributed $25,000.
In 2008, a customer alleged Felippe Alves, while employed at National Securities, misrepresented material facts, recommended unsuitable investments, churned the account, and engaged in reckless management. The complaint settled in 2009 for $45,000.
In 2005, a customer alleged Felippe Alves, while employed at National Securities, charged excessive commissions and purchased more shares than authorized. The complaint settled for $6,255, to which Mr. Alves individually contributed $3,753.
If you or someone you know has a complaint regarding Felippe Alves call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.