National investment loss lawyers KlaymanToskes is investigating broker Jim Geake (CRD# 2629008) of Madison Avenue Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to unsuitable recommendations to invest in alternative investments, primarily in NorthStar Healthcare REIT. The statement of claim allegedly states that $1.1 million was invested.
According to FINRA BrokerCheck, broker Jim Geake is currently registered with Madison Avenue Securities in Skokie, IL. Geake has 16 disclosures reported on his broker CRD report, including one pending customer complaint.
Investors that suffered losses with broker Jim Geake are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Jim Geake (RD# 2629008) is a financial advisor who has faced multiple customer complaints for unsuitable investment recommendations. Jim Geake is based in Skokie, Illinois, with over 28 years of experience in the securities industry. He co-founded Wayne Messmer & Associates, LLC and has been registered as a broker and investment advisor with Madison Avenue Securities since 2006.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to the complaint filed against broker Jim Geake:
If you suffered losses with broker Jim Geake, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
Below is a timeline of customer allegations and regulatory actions involving Jim Geake, highlighting concerns about unsuitable investment recommendations and related misconduct.
Allegation: Multiple customer disputes were filed against Geake, alleging he recommended unsuitable alternative investments, including non-traded REITs.
Outcome: Settlements totaling over $1.4 million.
Allegation: Investors claimed that Geake misrepresented investment risks and recommended illiquid, high-commission alternative investments.
Allegation: A group of investors filed a complaint alleging that Geake recommended $1.1 million worth of unsuitable investments.
Status: Complaint is currently pending.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Jim Geake. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Madison Avenue Securities are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Jim Geake, or have concerns regarding your investment portfolio at Madison Avenue Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss your recovery options.