Did you lose money investing with Curtis Ile (CRD# 4009787)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Curtis Ile. If you suffered losses investing with Curtis Ile, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of September 26, 2020, Curtis Ile’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Regulatory Event(s)
See FINRA Letter of Acceptance, Waiver and Consent No. 2017054678101
1 Employment Separation After Allegations
UPDATE 9/26/2020: According to FINRA’s July 2019 Disciplinary Actions: “Curtis Roy Ile (CRD #4009787, Mount Carmel, Illinois) May 31, 2019 – An AWC was issued in which Ile was suspended from association with any FINRA member in all capacities for six months. In light of Ile’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Ile consented to the sanction and to the entry of findings that he caused his member firm’s books and records to be inaccurate by mismarking order tickets as unsolicited when the transactions were, in fact, solicited.. The findings stated that Ile mismarked the order tickets because he believed that his firm would not have processed the transactions if they had been correctly marked as solicited. The findings also stated that Ile recommended over-the-counter (OTC) equity securities to customers without reviewing the current financial statements of the issuers to determine whether there was a reasonable basis for making such recommendations. The findings also included that Ile exercised discretion in customer accounts without obtaining prior written authorization from the customers and without his firm having accepted the accounts for discretionary trading. The suspension is in effect from June 3, 2019, through December 2, 2019. (FINRA Case #2017054678101)
Current and Previous Registrations
03/16/2020 – PRESENT VESTECH SECURITIES, INC. (CRD#:41409) ST. LOUIS, MO
06/30/2015 – 07/13/2018 SIGMA FINANCIAL CORPORATION (CRD#:14303) Mount Carmel, IL
03/31/2003 – 07/08/2015 AMERITAS INVESTMENT CORP. (CRD#:14869) MT CARMEL, IL
04/02/2002 – 04/21/2003 H&R BLOCK FINANCIAL ADVISORS, INC. (CRD#:5979) DETROIT, MI
05/24/2001 – 04/10/2002 AMERITAS INVESTMENT CORP. (CRD#:14869) LINCOLN, NE
08/02/2000 – 09/25/2000 J.J.B. HILLIARD, W.L. LYONS, INC. (CRD#:453) LOUISVILLE, KY
02/25/2000 – 07/12/2000 FIFTH THIRD SECURITIES, INC. (CRD#:628) CINCINNATI, OH
10/01/1999 – 02/25/2000 WEDGEWOOD PARTNERS, INC. (CRD#:21923) ST. LOUIS, MO
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Curtis Ile and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
