A broker/dealer, FSC SECURITIES CORPORATION, which is in the Advisor Group, is facing a multi-million dollar arbitration claim by thirteen investors alleging that three of their brokers made unsuitable recommendations by over-concentrating the clients’ portfolios with high-commission, illiquid alternative investments. Many of the investors who filed the claim on July 23, 2019, with the Financial […]

Soreide Law Group has filed a FINRA arbitration on behalf of their clients (Claimants) against: FSC SECURITIES CORPORATION (Respondent) The Claimants, a married couple from Texas, maintained a relationship with FSC Securities and their former financial advisor, Richard Gigliotti. Gigliotti is not named in the lawsuit. FSC Securities and Richard Gigliotti were allegedly made aware […]

On August 10, 2017, the Financial Industry Regulatory Authority Inc. (FINRA) announced that it has fined FSC Securities Corp., $100,000 and ordered a $492,000 payment to clients for FSC's alleged failure to reasonably supervise leveraged ETFs from January of 2009 through September of 2014. FSC Securities Corp, is one of the Advisor Group’s broker/dealers.  Several […]