Investors Sue Lincoln Financial For REIT Sales
Philip Gott Moshier of Solon Ohio a stockbroker currently registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $186,000.00 in damages based upon accusations that Moshier made recommendations for the customer to invest in real estate investment trusts that were not suitable for the customer because of the illiquidity and speculative nature of the investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01141 (Mar. 27, 2018).
FINRA Public Disclosure confirms that Moshier has been identified in three additional customer initiated investment related disputes containing allegations of his violative conduct while employed with Lincoln Financial Advisors Corporation. Particularly, on May 4, 2006, a customer initiated investment related complaint involving Moshier’s activities was settled for $22,841.61 in damages supported by accusations that misrepresentations had been made to the customer concerning a variable annuity guaranteed minimum income benefit rider.
On June 3, 2011, another customer filed an investment related complaint concerning Moshier’s activities where the customer sought damages estimated to exceed $5,000.00 in damages founded on allegations that Moshier omitted facts concerning the illiquidity of real estate investment trusts purchased by the customer. Then, on March 19, 2013, a customer filed an investment related complaint concerning Moshier’s conduct in which the customer requested $5,000.00 in damages based upon accusations that Moshier made unsuitable investment recommendations pertaining to real estate securities.
Moshier has also been fined $6,000.00 by the State of North Dakota Securities Department in order to resolve North Dakota Securities Commissioner’s allegations that Moshier solicited mutual fund transactions in the state prior to having been registered, and made misrepresentations pertaining to terms of variable annuity products sold to a North Dakota customer. Case No. 1305675 (Nov. 7, 2016).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com