Invest Financial Blamed For Omissions
James Gordon Durso of Waterloo New York a stockbroker formerly employed by Invest Financial Corporation is referenced in a customer initiated investment related written complaint on January 4, 2016 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that the customer was not made aware of the risks of volatility in her variable annuity investments at the time that her contract had been purchased.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that while Durso was associated with Cigna Securities, he was subject of a customer initiated investment related complaint which was resolved for $11,020.00 in damages based upon allocations including excessive commissions, unsuitability, and misrepresentation of tax free bond fund shares held in the customer’s account.
Durso’s registration with Invest Financial Corporation has been terminated as of October 5, 2017. Since October 11, 2017, Durso has been registered with Cadaret, Grant & Co., Inc.
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