Samuel Head The Focus Of Investor Suitability Disputes

Broker Samuel Head Is Involved In Voya Financial Client Disputes

Soreide Law Group has come across some concerning information on FINRA BrokerCheck in regard to securities broker Samuel Ray Head (CRD#: 2456312, Myrtle Beach, South Carolina). Specifically, there are seven investors who disputed Samuel Head’s sales practices. Here’s a bit more about the disclosures, including what you could do if you experienced losses.

Voya Financial Advisors Client Indicates That Samuel Head Sold Unsuitable Investments

Evidently, a client of Voya Financial Advisors contested Samuel Head’s actions in December 2020 as it pertained to a risky investment. Supposedly, Head placed them in alternative investments which did not meet their goals of avoiding long-term, illiquid investments. It appears that the client sustained damages on business development company and real estate security products. For this reason, they demanded $85,000 in damages in this ongoing matter.

Complaint Alleges Unsuitable Business Development Company Investments, Real Estate Securities

Also, a Voya Financial Advisors client pursued a FINRA Arbitration Claim in October 2020 in regard to Samuel Head. The main allegation appears to be suitability. Supposedly, REITs and BDCs were too risky for the client. Not only that, but the client did not want investments that affected their ability to access principal. Because of this, they asked Voya Financial to pay $87,500 in this pending matter.

Voya Financial Client Indicates That Samuel Head’s Investments Were Unsuitable

In addition, a third Voya Financial Advisors client disputed Samuel Head according to an August 2020 lawsuit. Supposedly, the client wanted to protect their principal. However, Head purportedly invested their assets in closed end funds or real estate securities that caused losses. Evidently, the client experienced $315,000 in damages. This matter is awaiting a resolution.

Prior Dispute Alleges Negligence

It appears that Samuel Head is involved in a November 2008 dispute that contains allegations including negligence, breach of contract, and breach of fiduciary duty. Supposedly, Head engaged in sales practice violations at ING Financial Partners resulting in the client’s losses. Evidently, the client received $45,000 to settle this matter.

Have You Experienced Losses From Head?

Supposedly, Samuel Head (Sam Head) denies allegations of his sales practice violations. Have you experienced losses by investing with this securities broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have been wronged by their securities brokers or financial advisors.