Investors Capital Corp.— Unsuitable Recommendations Regarding the Sale of Unit Investment Trusts

investment fraud attorney ClevelandInvestors Capital Corp., a Broker-dealer in the Cetera Financial Group Network, Allegedly Made Unsuitable Short-term Trading of UITs

Investors Capital Corp., a broker-dealer in the Cetera Financial Group Network, allegedly made recommendations of unsuitable short-term trading of UIT’s, according to FINRA Documents currently under review by attorneys Alan Rosca and James Booker.

In addition, Investors Capital Corp. also allegedly recommended unsuitable financial instruments such as steepener notes in the accounts of 74 clients, FINRA reports. Steepeners are a type of interest rate swap, where one party agrees to pay the other a fixed rate in exchange for a floating rate, which is derived from the difference between long and short term rates.

The Peiffer Rosca Wolf securities lawyers are currently investigating Investors Capital Corp.’s alleged unsuitable recommendations.

Investors Capital Corp. Fined $1.1 Million in Fines and Restitution by FINRA Regarding Sails of Unit Investment Trusts

Cetera broker-dealer Investors Capital Corp. will hit with $1.1 million in fines and restitution over sales of unit investment trusts, according to FINRA Documents presently being reviewed by attorneys Alan Rosca and James Booker.

Finra’s fine breaks down to $250,000 for Investors Capital and $842,000 in restitution. The firm has already laid down nearly $224,500 in restitution to clients, FINRA reports.

Finally, Investors Capital also allegedly failed to execute sales charge discounts to specific customers’ purchases of UITs, FINRA notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable recommendations and are currently investigating Investors Capital Corp.’s alleged unsuitable recommendation of short-term trading of UIT’s. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Investors Capital Corp.’s alleged unsuitable recommendation of short-term trading of UIT’s may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.