Soreide Law Group is reviewing investor complaints concerning securities broker Melvin Pirchesky (CRD#: 1143100, Irvine, California), as disclosed on FINRA BrokerCheck. Evidently, Pirchesky worked for securities firm Boustead Securities from 2016 to 2019. Read further to learn more about the allegations of misrepresentations and excessive commissions as reported on BrokerCheck, keeping in mind that the securities broker denies alleged improper sales practices.
Evidently, a client of Boustead Securities contested Melvin Pirchesky’s sales practices by filing an investment dispute on October 16, 2020. Supposedly, the client sustained damages because of Pirchesky’s actions concerning a private placement. Mainly, the client makes allegations of excessive commissions. Therefore, the client demands that the securities firm pay them $871,021.18 in damages. It appears that this matter is currently unresolved.
The securities firm ended Melvin Pirchesky’s employment registration on April 12, 2019. He was under review concerning his potential violation of firm policies and FINRA rules on communications.
Specifically, a Boustead Securities client expressed concerns about Melvin Pirchesky’s sales practices, as BrokerCheck shows that the client lodged an investment dispute on December 6, 2018. Mainly, the securities broker is accused of misrepresentation (false representation of operations and issuer’s financials). Supposedly, Pirchesky caused the client to incur damages relating to the client’s investments in a private placement. Supposedly, the client demands compensation to resolve this ongoing investment dispute with the securities firm.
Did you suffer losses because of securities broker Melvin Pirchesky? You can call Soreide Law Group at (888) 760-6552 and chat with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis. Also, we advance all costs. The firm has recovered considerable compensation for hundreds of investors in the US who have incurred damages from securities brokers or financial advisors. Please note that Pirchesky denies all allegations of inappropriate sales practices.
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