Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Binkele (Binkele), currently associated with Ashton Stewart & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Binkele recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on June 01, 2021.
In 2017, the customer sold real property that had appreciated in value. In order to defer paying the capital gains tax that would otherwise have been due upon that sale, the customer entered into an arrangement called a DST, or deferred sales trust, that resulted in the proceeds of the sale being placed in a trust. The trust then signed a promissory note agreeing to pay the customer the amount of the sale, plus interest. The customer now alleges that her decision to utilize the DST was the result of fraudulent representations and negligence, among other things.