Securities Lawyers Blog
Currently financial advisor Richard Weeks Iv (Weeks Iv), currently employed by brokerage firm Hightower 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 $450,000.00 on April 09, 2021.
Richard Weeks is the subject of a FINRA arbitration alleging sales practice violations, including a violation of suitability obligations, in connection with a private placement investment made on or around February 2017, currently required to be disclosed pursuant to FINRA guidance. \, \, The FINRA arbitration for this matter is still pending, and the FINRA arbitration tribunals have not yet finalized its evaluation of the client’s statement of claim. In keeping with FINRA’s disclosure requirements, this arbitration is required to be disclosed before Mr. Weeks can defend his actions.