Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Eustis Jr. (Eustis Jr.), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Eustis Jr. recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $4,000,000.00 on March 23, 2023.
This case involves an investment relating to the purchase and resale of two Solar Centaur 50 Turbine Generator Sets (Gen-Sets) that failed to meet the investor’s expectations. Plaintiff [REDACTED] is an individual investor who resides in Texas. ECF 1-4 ,r,r 3, 10. Defendant Industrial Motor Power Corporation (IMPC) is a broker and wholesaler of power\\u00b7 generator sets and other equipment that is organized under the laws of California and has its principal place of business in California.