Kari Bracy - Kari Marlin Bracy, Arbitration Claim Filed Involving Financial Advisor
Kari Bracy - Kari Marlin Bracy, Arbitration Claim Filed Involving Financial Advisor | Goodman & Nekvasil P.A., May Recover Investor Losses on Future Income Payments
Kari Bracy was licensed with NYLife Securities LLC from 2009 to 2019. Kari Bracy reported to FINRA that an arbitration claim was filed involving Kari Bracy’s conduct while employed with NYLife Securities LLC. Kari Bracy reported that the claimant alleges that in December 2017 her investment in Future Income Payments, LLC (FIP), a private securities transaction, was misrepresented as a conservative and safe investment with a 7.5% annual return for ten (10) years.
Kari Bracy reported to FINRA that this arbitration claim was settled for $80,000, with Kari Bracy contributing $20,000 to this settlement.
Goodman & Nekvasil, P.A. has already filed arbitration claims against two brokerage firms, Foresters Equity Services, Inc. and NYLife Securities LLC, on behalf of victimized Future Income Payments, LLC investors.
Future Income Payments, LLC (FIP LLC) claimed to be “the industry leader and an innovator in buying and selling secondary market pension cash flows, often referred to as Structured Cash Flows.” The reality, according to the Wall Street Journal, is that this company was operated from a Nevada strip-mall mailbox by a 64-year-old felon, Scott Kohn. Future Income Payments appears shut, according to court filings. Based on Goodman & Nekvasil, P.A.’s investigation, Goodman & Nekvasil, P.A. believes that most investors will lose their entire investment. Also, at least 25 states have taken enforcement actions or are investigating the company.
If you lost any money on investments with Kari Bracy, you may be able to recover your losses. If you lost money on investments with Kari Bracy and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Kari Bracy’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Kari Bracy and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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