Hillard Rest Discloses Allegations Of Breach Of Fiduciary Duty

Soreide Law Group is investigating possible investor claims against securities broker Hillard Charles Rest (CRD:  858840, Irvine, CA). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for JRL Capital Corporation. Evidently, one or more investors alleged that Rest acted in breach of fiduciary duty, made unsuitable recommendations, and made misrepresentations. Here is a brief summary of the disclosures about Rest.

JRL Capital Corporation Investor Accuses Hillard Rest Of Breach Of Fiduciary Duty

Notably, on June 23, 2022, a JRL Capital Corporation client filed FINRA Arbitration: 22-01426 about Hillard Rest. Namely, the client alleged that Rest acted in breach of fiduciary duty, made unsuitable recommendations, made misrepresentations/omissions, breached a contract, and violated FINRA rules. Because of this, the client allegedly sustained damages by investing in GWG L-bonds. Therefore, the client requested compensation from JRL Capital Corporation or Rest. Evidently, this arbitration is pending a resolution.

Rest Discloses Negligence Allegations By JRL Capital Corporation Client

Also, a client of JRL Capital Corporation contested Hillard Rest’s sales practices by filing FINRA Arbitration: 22-00962 on May 3, 2022. Allegedly, Rest or the securities firm acted in breach of fiduciary duty and made misrepresentations/omissions. The client also alleged that the broker made unsuitable recommendations and was negligent. Supposedly, Rest caused the client to sustain damages by investing in bonds. Therefore, the client seeks compensatory relief from JRL Capital Corporation or Rest in the amount of $290,000 in this ongoing matter.

Hillard Rest Employment Information

Hillard Rest has worked for JRL Capital Corporation in Irvine, CA, as a securities broker since March 7, 2013.

Damages Resulting From JRL Capital Corporation Securities Broker Rest?

Have you suffered damages because of Hillard Rest? You can contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, can review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Rest and brokerage firms Rest worked for deny any and all allegations of sales practice violations.