Stephen J. Sperling Allegedly Failed to Disclose Risks & Longevity of the Non-traded REIT Investment for which Customers Bought upon His Recommendation
Stephen Sperling allegedly failed to disclose the risks and longevity of the non-traded REIT investment for which a customer purchased upon his recommendation, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).
The investor rights lawyers at Goldman Scarlato & Penny law firm are investigating Mr. Sperling’s conduct to determine whether any investors may have claims for alleged failure to disclose the risks and longevity of non-traded REIT investments. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.
Said REIT investment has recently allegedly cut its income payout and Net Asset Value, and the damage amount requested is $27,000, FINRA notes, and said claim was filed on March 8, 2018.
Stephen J. Sperling Has over 20 Years of Experience in the Securities Industry with 4 Firms and Has 2 Disclosures; Sperling Has Worked for Wintrust Investments Since 2007
Stephen Sperling joined the securities industry in 1998 with Harris Investors Direct, Inc., before moving on to Harris Investorline in 2000 and LaSalle Financial from 2000 to 2007, according to FINRA Reports. Sperling has been registered with Wintrust Investments LLC from 2007 until the present, FINRA states.
A second claim was also made against Sterling on September 29th, 2004, and a customer alleged that he was unaware that yearly premium payments were required, FINRA states.
A letter from Giusepe DiFronzo withdrew said Complaint on October 14th, 2004.
Brokerage firms such as Wintrust Investments LLC have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Stephen Sperling‘s alleged failure to disclose the risks and longevity of non-traded REIT investments engagement. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to securities class actions.
If you or a loved one or a friend has lost money investing with Stephen Sperling, you may contact attorney Alan Rosca or his colleagues for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.