– Customer Claim filed by Mark Tepper law firm alleges
Ft. Lauderdale, Fl. January 14, 2019 – A Florida couple saving for retirement, has filed claim for damages against Tampa-based brokerage firm Calton & Associates, alleging that its broker, Jimmy Makris, created a fictional investment profile for them to fit his high risk, high commission strategy, in pursuit of his own financial interests.
The Claim, filed by the law firm of Mark A. Tepper, P.A., alleges that the Calton & Associates stockbroker mismarked the couple’s investment profile for high risk and income, exposing them to his unsuitable high risk, high commission recommendations. The Claim contends that these included below investment grade bonds (“junk bonds”), illiquid, non-traded REITs and variable annuities.
“This case is about Respondent and its broker violating numerous FINRA rules of conduct, as well as the Florida Securities and Investor Protection Act (“FIPA”), by putting their financial interests ahead of Claimants’ best interests,” the Claim alleges.
The Mark Tepper law firm has successfully represented several clients with their claims against Calton & Associates. An award for damages, obtained for a Fort Myers couple, stated, in part, “Respondent Calton’s failure to detect [the broker’s] wrongful conduct and failure to supervise the investments in Claimants’ accounts rose to the level of gross negligence pursuant to Florida Statute 768.72.” Mr. Tepper has also filed claims against Calton and Associates on behalf of a former police officer disabled in the line of duty, a retired police captain, an FSU Alumnus, and a retired GlaxoSmithKline employee.
If you have information related to the Claim against Calton & Associates or your broker made unsuitable recommendations, contact attorney Mark Tepper at askmark@marktepper.com or call (954) 961-0096.
About Mark A. Tepper, P.A. (www.marktepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities. He has earned the reputation of “Investor Advocate” while practicing law for over 40 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 18 consecutive years as AV PREEMINENT® for ethical standards and legal ability. It’s the highest rating of lawyers in the Martindale-Hubbell Law Directory
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