Carlos Legaspy (CRD #: 2148751), a broker registered with Insight Securities, is facing allegations that he failed to perform his due diligence, according to his BrokerCheck record, accessed on June 1, 2021. This is Legaspy’s third investor dispute – you can read more about his conduct as a broker below.
On March 21, 2021, investors alleged that Carlos Legaspy should have been aware that the securities in their account could turn out to be worthless. Investors further alleged that Legaspy should have conducted due diligence into a third-party firm that had been subject to an SEC investigation. The investors are seeking $1,000,000; the dispute is pending.
On October 18, 2019, investors alleged that Carlos Legaspy recommended worthless securities. The investor is seeking $500,000; the dispute is pending.
On February 13, 2019, investors alleged that Legaspy engaged in negligence and missed the red flags of a fraudulent transfer. The investors further alleged that Legaspy recommended worthless notes. The investors sought $2,765,000; the dispute settled for $810,000. You can read a copy of the arbitration details here.
Carlos Legaspy has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination.
- Series 53 Municipal Securities Principal Examination
- Series 24 General Securities Principal Examination
Legaspy is a registered broker in Illinois. He is also a registered investment adviser in California, Illinois, and Texas.
Carlos Legaspy is a registered broker with Insight Securities (CRD #: 5611) and a registered investment adviser with Precise Investment Management (CRD #: 282557).
He has also registered with the following firms:
- Investment Placement Group (CRD #: 14458)
- Serfin Securities (CRD #: 16683)
If you worked with Carlos Legaspy and you have questions about negligent recommendations, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation.