Securities Lawyers Blog
Currently financial advisor Amanda Ton (Ton), currently employed by brokerage firm Usca Securities LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on October 13, 2020.
Clients filed arbitration against USCA Securities alleging negligence, professional negligence, violations of law, negligent supervision, breach of contract, breach of fiduciary duty, and breach of securities industry rules and regulations in connection with an oil and gas private placement investment recommended by Ms. Ton.