National investment loss lawyers KlaymanToskes is investigating brokerage firms and financial advisors who unsuitably recommended investments in MarketServe Holdings, Inc., including barred financial advisor David Geake (CRD# 3088891). The law firm is currently representing investors in FINRA arbitration claims to recover significant damages in MarketServe investments.
If you suffered losses in MarketServe investments due to unsuitable recommendations by your brokerage firm or financial advisor, contact KlaymanToskes to discuss your potential recovery options at (888) 997-9956 or investigations@klaymantoskes.com for a free and confidential consultation.
KlaymanToskes has filed a FINRA arbitration claim (Case no. 24-02492) against Ausdal Financial Partners and Madison Avenue Securities on behalf of a retired couple who suffered up to $500,000 in damages in MarketServe. The clients’ financial advisor, David Geake, allegedly engaged in “selling away” by selling MarketServe Holdings, Inc. without firm approval, in violation of FINRA Rule 3280.
The law firm is currently pursuing claims to recover MarketServe losses due to the following:
If your financial advisor recommended MarketServe Holdings, Inc. or other high-risk alternative investments, contact KlaymanToskes at (888) 997-9956 or investigations@klaymantoskes.com to discuss potential recovery options.
MarketServe Holdings, Inc. is an alternative investment that was not approved by certain brokerage firms yet was still reportedly recommended to investors by financial advisors such as David Geake. Investors were allegedly misled about the true risks of MarketServe investments. Several customers were conservative investors seeking income with little risk, yet were unknowingly placed into speculative, illiquid securities.
Potential conflicts of interest may arise when issuers incentivize brokers/investment advisors with substantial commissions to promote their financial products. A problem often associated with private placement and alternative investment recommendations is the high sales commissions brokers typically earn for selling these investments. A representative that recommends investments for the purpose of being compensated through increased commissions, and enriches themselves rather than benefiting the client, is violating securities laws.
To recover investment losses, you do not go through the traditional court system with a lawsuit. The only remedy is through a FINRA arbitration, a specific process designed for these types of disputes. This process involves presenting your case to a panel set by the Financial Industry Regulatory Authority (FINRA), not a courtroom. This approach is streamlined and focused on investment disputes, making it a suitable and effective way for investors to seek compensation for losses caused by financial advisors or brokerage firms.
FINRA (the Financial Industry Regulatory Authority) is a self-regulatory organization that oversees brokers and brokerages. In the event of a dispute between an investor and their financial advisor, investors can choose to file a FINRA arbitration claim. FINRA is overseen by the Securities and Exchange Commission (“SEC”).
The arbitration process is designed to be much faster than the court system and allows both parties to present their case before a panel of arbitrators. The arbitrators will then decide how to resolve the dispute, including ordering the advisor to pay damages for any losses suffered by the investor.
If you suffered MarketServe investment losses or other investment losses, you are encouraged to contact KlaymanToskes, at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.