GOODMAN & NEKVASIL P.A, FILES ARBITRATION CLAIM ON FISKER AUTOMOTIVE BANKRUPTCY – ANDREW RAYMOND SCHEIRER II FORMERLY LICENSED WITH FIRST ALLIED SECURITIES, INC.
Goodman & Nekvasil, P.A. has filed an arbitration claim against First Allied Securities, Inc. seeking to recover monies lost by an investor in Fisker Automotive.
From 2007 until Andrew Scheirer II’s resignation in 2014, Andrew Scheirer II was licensed with First Allied Securities, Inc. Andrew Scheirer II is now licensed with Kovack Securities, Inc. According to FINRA records, Andrew Scheirer II was permitted to resign from First Allied Securities, Inc. on December 12, 2014. First Allied Securities, Inc. reported to FINRA that Andrew Scheirer II was permitted to resign for not following First Allied Securities, Inc.’s procedures in connection with a customer-initiated arbitration proceeding.
FINRA reports that two arbitration claims have been filed alleging Andrew Scheirer II recommended various unsuitable private equity products, in addition to breach of contract, material omission, fraud, unsuitability, breach of fiduciary duty, negligent misrepresentation, and/or material omission by Andrew Scheirer II. These claims involving Andrew Scheirer II ’s conduct with First Allied Securities, Inc. were settled for $650,000 and $30,000.
If you lost any money on Fisker Automotive or other investments with Andrew Scheirer II, you may be able to recover your losses from First Allied Securities, Inc. and/or Kovack Securities, Inc. This is because First Allied Securities, Inc. and Kovack Securities, Inc. had a duty to supervise Andrew Scheirer II.
If you invested in Fisker Automotive or other investments through Andrew Scheirer II, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against First Allied Securities, Inc. and/or Kovack Securities, Inc. concerning Andrew Scheirer II’s conduct. There is no charge for an evaluation of your case. Further, we handle cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. You will continue to own your claim in the Fisker Automotive bankruptcy; our case involves a separate, additional avenue of recovery.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on Fisker Automotive or other investments with Andrew Scheirer II 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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