Securities Lawyers Blog
Previously financial advisor Terry Harris (Harris), previously employed by brokerage firm Money Concepts Capital CORP 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 pending customer complaint with a damage request of $132,000.00 on April 03, 2025.
On or around May 2015, our client purchased units of a Limited Partnership and REITs. The client transferred shares of the REITs to her spouse around September 2018. Spouse has attained an attorney alleging the investment was unsuitable. On April 3, 2025, firm became aware of allegations and intends to settle this matter instead of filing an arbitration claim.