Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Franko (Franko), currently associated with Independence Capital Co., INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Franko recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $200,000.00 on May 14, 2026.
A customer claimed purchased $200,000 in GWG L-Bonds. The customer claims that Independence Capital allowed the transaction which the customer claims was unsuitable, despite his having served as Vice President of a credit union. Mr. Franko is not named as a respondent but the customer named him as his registered rep.