Goodman & Nekvasil P.A., May Recover Investor Losses – Gregory Gerard Friel (Gregory Friel) Formerly Licensed with Concorde Investment Services, LLC and Harvest Capital LLC
Gregory Friel was formerly licensed with Concorde Investment Services, LLC, Capital Financial Services, Inc., Infinex Investments, Inc. and Harvest Capital LLC. FINRA reports that a lawsuit was filed involving Gregory Friel’s conduct with a prior employer. The customers alleged that they were solicited by Gregory Friel to transfer their investments to the Firm; however, Gregory Friel failed to provide them warning about potential tax consequences. This lawsuit sought damages of $500,000 and was settled for $520,000.
FINRA also reports that The State of Massachusetts previously filed an administrative action alleging that a prior employer of Gregory Friel began an internal review after being notified of possible signature affixing and signature discrepancies in some of the documents found in Gregory Friel’s customer files during a routine examination. According to the State of Massachusetts, Gregory Friel’s prior employer was in the process of investigating these concerns when Gregory Friel resigned. Based on these allegations, the State of Massachusetts placed conditions on Gregory Friel’s registration with the State.
FINRA reports that an arbitration clailm was filed involving Gregory Friel’s conduct with a prior employer, alleging violation of federal securities laws, violation of state securities laws, breach of contract, breach of fiduciary duty, fraud and deceit, negligent misrepresentation, gross negligence, negligence, breach of duty of reasonable care and fair practice, failure to supervise, “control person” liability, civil conspiracy, unjust enrichment, and violation of the Consumer Protection Act/M.G.L. c.93A relating to Brewer Investment Group Promissory Notes. This claim did not settle and proceeded to final hearing. The arbitration panel found Gregory Friel liable and ordered Gregory Friel to pay Claimants compensatory damages in the amount of $70,000.
If you lost any money on investments with Gregory Friel, you may be able to recover your losses from Concorde Investment Services, LLC, Capital Financial Services, Inc., Infinex Investments, Inc. and/or Harvest Capital LLC. This is because Concorde Investment Services, LLC, Capital Financial Services, Inc., Infinex Investments, Inc. and Harvest Capital LLC had a duty to supervise Gregory Friel.
If you lost money on investments with Gregory Friel 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 against Concorde Investment Services, LLC, Capital Financial Services, Inc., Infinex Investments, Inc. and/or Harvest Capital LLC concerning Gregory Friel’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 $170 million on behalf of victimized investors. If you lost money on investments with Gregory Friel 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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