Eric Savell, Financial Advisor Eric Savell Previously Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Eric Savell CRD #4182368
Eric Savell was a formerly licensed financial advisor with LPL Financial LLC. According to FINRA, Eric Savell was previously suspended from the securities industry for five months and fined $10,000 in July 2019.
According to FINRA Allegations:
In July 2016, Eric Savell told a customer about a startup called Company X, informed the customer that he had provided advice to the company and knew its Chief Executive Officer (“CEO”), and arranged a meeting between the customer and Company X’s CEO for the purpose of facilitating a potential investment. Shortly thereafter, the customer invested over $160,000 in Company X pursuant to a stock purchase agreement. Subsequently, from August 2016 until at least March 2017, Eric Savell performed work for Company X in increasingly important roles and was paid $10,000 per month. Eric Savell did not provide notice to LPL of his participation in the customer’s investment or of his work for, and compensation from, Company X Savell therefore participated in a private securities transaction in violation of FINRA Rule 3280 and engaged in an outside business activity in violation of FINRA Rule 3270. By virtue of those violations, he also violated FINRA Rule 2010.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Eric Savell and believe 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 Eric Savell’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. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
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 $180 million on behalf of victimized investors. If you lost money on investments with Eric Savell 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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