Norma M. Skeete —Negligent Misrepresentations

investor rights lawyersNorma 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 Alan Rosca 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 Rosca 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 Alan Rosca 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 Rosca 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 Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 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.