Goodman & Nekvasil P.A, May Recover Investor Losses – Alfred Kai Kwong Chan (Alfred Chan) Suspended from Securities Industry and Fired by Signator Investors, Inc.
From 2010 until Alfred Chan’s firing in 2013, Alfred Chan was licensed with Signator Investors, Inc. After that, Alfred Chan was licensed with NI Advisors. According to FINRA’s records, Alfred Chan was fired by Signator Investors, Inc. on November 22, 2013. Signator Investors, Inc. reported to FINRA that Alfred Chan was fired after being accused of failure to follow firm procedures regarding the sale of unapproved indexed annuities, Alfred Chan’s use of unapproved sales and advertising material, as well as Alfred Chan’s unapproved seminar activity.
Subsequent to Alfred Chan’s firing, FINRA brought a disciplinary action against Alfred Chan. Alfred Chan consented to a 6-month suspension and a $10,000 monetary fine. FINRA reports that Alfred Chan consented to the entry of findings that Alfred Chan sold indexed annuities with an approximate value of $2.5 million through an outside business activity without properly disclosing the sales or his compensation from the sales to his member firm.
If you lost any money on investments with Alfred Chan, you may be able to recover your losses from Signator Investors, Inc. and/or NI Advisors This is because Signator Investors, Inc. and NI Advisors had a duty to supervise Alfred Chan.
If you lost money on investments with Alfred Chan, 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 Signator Investors, Inc. and/or NI Advisors, concerning Alfred Chan’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 $300 million on behalf of victimized investors. If you lost money on any investments with Alfred Chan 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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