Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against, MONEY CONCEPTS CAPITAL CORP, and their registered representative, CHRISTOPHER PAUL PUFFER (CHRISTOPHER PUFFER) CRD#: 2878141 (Respondents).
The Claimant, who resides in Kentucky, brings this claim to recover losses he allegedly suffered due to the Respondents’ actions. The Claimant alleges he was solicited to invest in two alternative investments. The Claimant was sold the Northstar Healthcare Income Fund (Northstar) and the HMS Income Fund (HMS). The lawsuit alleges that the Claimant was advised that the investments were solid, asset-backed investments that would pay consistent income to help fund the Claimant’s retirement. However, the lawsuit alleges, the Respondents, MONEY CONCEPTS CAPITAL CORP and their broker, CHRISTOPHER PUFFER, failed to adequately disclose the speculative nature of these investments and the high commissions earned.
Northstar is currently trading at $2.20 in the secondary market and has stopped paying income. HMS is also declining. The lawsuit alleges that the Claimant has suffered these losses during a time when the financial markets are at record levels.
MONEY CONCEPTS CAPITAL CORP and their broker, CHRISTOPHER PUFFER’s alleged actions in this case constitute damages of no less than $75,000. The lawsuit alleges breach of contract, negligent supervision, breach of fiduciary duty, violations of FINRA rules, and negligence.
According to FINRA’s BrokerCheck, CHRISTOPHER PUFFER, has 3 Disclosures on his report. Puffer has been in the securities industry for 22 years and was listed with 2 firms, his current firm is listed below. Puffer has been there since 10/27/2006:
MONEY CONCEPTS CAPITAL CORP
323 TOWNEPARK CIRCLE
LOUISVILLE, KY 40243
If you’ve experienced losses due to the actions or recommendations of MONEY CONCEPTS CAPITAL CORP, and/or their broker, CHRISTOPHER PUFFER of Louisville, Kentucky, contact Soreide Law Group and speak to an experience securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.