Louis Olave – Broker Louis Olave Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Louis Olave is a licensed financial advisor with Lincoln Investment. Louis Olave was previously licensed with Questar Capital. According to Louis Olave’s BrokerCheck Report, Louis Olave was fined $5,000 and was suspended from the securities industry for 3 months in March 2021.
According to FINRA Allegations:
Between October 26, 2017 and February 27, 2018, Respondent solicited seven investors to purchase $217,477 in securities of Future Income Payments, LLC (FIP). FIP represented itself as a structured cash flow investment that purchased pensions at a discount from pensioners and then sold a portion of those pensions as a “pension stream” to investors. FIP generally promised investors a seven to eight-percent rate of return on their investment. Respondent received a total of $3,795 in commissions in connection with his sales of FIP securities.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Louis Olave 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 Louis Olave’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 $200 million on behalf of victimized investors. If you lost money on investments with Louis Olave 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.
Some of the information in this blog post was obtained on 4/8/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.