Sylvester King – Financial Advisor Sylvester King Barred by SEC | Goodman And Nekvasil P.A., May Recover Losses
Sylvester King CRD # 4011622
Sylvester King Jr. was previously registered with Wells Fargo Advisors, LLC in Fort Lauderdale, Florida. According to Sylvester King Jr.’s CRD, the SEC barred Sylvester King Jr., alleging Sylvester King Jr.’s participation in selling more than $5 million of unregistered, illiquid securities to his professional athlete brokerage customers and investment advisory clients in an internet branding company known as Global Village Concerns, Inc. (GVC). According to the SEC, Sylvester King Jr. was issued GVC stock options and warrants provided by GVC; Sylvester King Jr.’s conduct with respect to the sale of GVC securities occurred outside and independent of his employment with registered broker-dealers. Sylvester King Jr. misrepresented and omitted material information about the GVC investments to his investment advisory clients and presented this information to his advisory clients without conducting due diligence to verify any of the information he provided to his advisory client. According to the SEC, Sylvester King Jr. also used his personal communication devices and emails to communicate with his brokerage customers and others about the firms’ business without causing copies of these communications to be sent to or preserved on the broker-dealers’ respective email servers or preserved in paper form.
According to Sylvester King Jr.’s CRD, eight customer complaints have been filed against Sylvester King Jr. based on allegations pertaining to sales practice violations. According to Sylvester King Jr.’s CRD, the allegations filed against Sylvester King Jr. include breach of fiduciary duty, negligence and gross negligence, negligent supervision, solicitation of claimant(s) to outside and unauthorized investment opportunities, and unsuitability, among other allegations. According to Sylvester King Jr.’s CRD, four of the customer disputes settled in the amounts of $1,100,000.00, $700,000.00, $600,000.00, and $228,000.00 in favor of the victimized investors.
If you lost any money on investments with Sylvester King Jr., you may be able to recover your losses from Wells Fargo Advisors, LLC. If you lost money on investments with Sylvester King Jr. 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 Wells Fargo Advisors, LLC concerning Sylvester King Jr.’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Sylvester King Jr. 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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