Richard William Lunn Martin (Richard Martin), Financial Advisor Barred by FINRA | Goodman and Nekvasil May Recover Investors Losses

Goodman and Nekvasil May Recover Investors Losses | Richard William Lunn Martin (Richard Martin), Financial Advisor Barred by FINRA 

Richard Martin was licensed with G.F. Investment Services, LLC from 2009 to 2015. Reported by FINRA on June 27, 2016, Richard Martin, was barred from association with any FINRA member in any capacity indefinitely. FINRA reports that Richard Martin consented to the sanctions and entry of findings that Richard Martin solicited, purchased and recommended his customers hold Non-Traditional ETFs in his customers’ accounts for years. FINRA reports that Richard Martin did not have a reasonable basis to believe that the Non-Traditional ETF products he recommended were suitable for any customer. FINRA found, as a consequence of Richard Martin’s unsuitable investment strategy Richard Martin’s customers sustained significant losses in the approximate amount of $8 million.

G.F. Investment Services reported that a FINRA arbitration claim that alleged unsuitable trade recommendations was settled May 11, 2016 for $290,000. In total, Martin has 19 FINRA Broker Check disclosures.  According to the report, many of the FINRA arbitrations related to the FINRA investigation have settled.

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.

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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.  All our cases are handled on a purely contingency fee basis.

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. Finally, the filing of such a case should not affect your ownership of these investments in any way.

If you incurred losses on your investment with Richard William Lunn Martin, you may be able to recover your losses from G.F. Investment Services, LLC. This is because G.F. Investment Services, LLC had a duty to supervise Richard William Lunn Martin. If you 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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