Goodman & Nekvasil P.A., May Recover Investor Losses – Ilan Nathan Preis (Ilan Preis) Fired by Citigroup Global Markets, Inc.
From 2010 until Ilan Preis’ firing in 2012, Ilan Preis was licensed with Citigroup Global Markets, Inc. According to FINRA’s records, Ilan Preis was fired by Citigroup Global Markets, Inc. on October 9, 2012. Citigroup Global Markets, Inc. reported to FINRA that Ilan Preis was fired following identification of transactions deemed to be discretionary without written authorizations on file.
Following Ilan Preis’ firing by Citigroup Global Markets, Inc., an arbitration claim was filed involving Ilan Preis’ conduct with Citigroup Global Markets, Inc. The claimant alleged securities law fraud, common law fraud, breach of fiduciary duty and negligence. This case did not settle and proceeded to final hearing. The arbitration panel found Ilan Preis liable and issued a $530,740 award against Ilan Preis.
If you lost any money on investments with Ilan Preis while he was employed with Citigroup Global Markets, Inc. you may be able to recover your losses from Citigroup Global Markets, Inc. This is because Citigroup Global Markets, Inc. had a duty to supervise Ilan Preis.
If you lost money on investments with Ilan Preis 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 Citigroup Global Markets, Inc. concerning Ilan Preis’ 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 investments with Ilan Preis 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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