Norma M. Skeete —Negligent Misrepresentations
Norma M. Skeete Allegedly Made Negligent Misrepresentations in Connection with a Real Estate Loan
Norma M. Skeete, of PFS Investments Inc., allegedly made negligent misrepresentations to a member firm customer, known only as JA, in connection with a $160,000 loan JA made to a real estate venture, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Jason Kane and Joe Peiffer.
What is more, Skeet allegedly made said negligent misrepresentations without making reasonable attempts to verify what she told JA, and that JA’s funds were not safe and he was not repaid, according to said Complaint.
The Peiffer Wolf securities rights lawyers are currently investigating Norma M. Skeete for allegedly making negligent misrepresentations to a customer of her member firm.
Norma M. Skeete Suspended and Fined $2,500 for Allegedly Making Negligent Misrepresentations
Norma M. Skeete has been suspended and fined $2,500 for allegedly making negligent misrepresentations to a customer known only as JA, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Jason Kane and Joe Peiffer.
FINRA further alleges that Norma Skeete allegedly solicited an investor to invest $160,000 in a North Carolina real estate venture, and purportedly represented that it was “safe” in an email, according to the Complaint. Skeete represented that the investment would pay back the principal within 5 weeks and that the investor would get 12% interest, and thus violated FINRA Rules, the Complaint notes.
As a result, in order to settle these claims, Skeete agreed to a fine of $2,500 and a 20-day suspension from the securities industry, according to the Complaint. One should also note that, according to the Complaint, Skeete accepted and consented, without admitting or denying the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf securities rights lawyers often represent investors who lose money as a result of alleged misrepresentation to a customer. They are currently investigating Norma M. Skeete for allegedly making negligent misrepresentations to a customer. 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 Norma M. Skeete for allegedly converting customer funds may contact the securities rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.