Peiffer Wolf Securities Attorneys Investigating Madison Avenue Securities Broker Noel Vincent
Securities attorneys at the Peiffer Wolf law firm, James Booker and Joe Peiffer, have launched an investigation into Texas broker Noel Vincent, who is currently registered with Madison Avenue Securities in Houston, Texas. According to the Financial Industry Regulatory Authority (“FINRA”), Noel Vincent is the subject of two pending customer disputes. He has also been the subject of a number of complaints through FINRA and has 13 disclosure events since 2008. FINRA’s BrokerCheck service permits investors to learn about the track record of brokers. Noel Vincent’s BrokerCheck report is available at http://brokercheck.finra.org/Individual/1370987.
The Peiffer Wolf investigation centers on Noel Vincent’s recommendations of securities and financial products that may have been unsuitable for customers. Their investigation suggests Mr. Vincent recommended that some of his customers purchase shares in United Development Fund (“UDF”), the Texas REIT recently accused by a hedge fund investor of perpetrating a Ponzi scheme. Last week, UDF had its offices raided by the Federal Bureau of Investigation (“FBI”). UDF also recently disclosed that it has been under investigation by the United States Securities and Exchange Commission (“SEC”) since April, 2014, but denied any wrongdoing.
Trading in UDF shares was halted on a national stock exchange recently after UDF’s price collapsed when news of the SEC investigation and FBI raid became public.
Peiffer Wolf attorneys frequently represent investors who have lost their savings as a result of unsuitable recommendations by stockbrokers or who have received questionable investment advice. Together they have helped hundreds of investors. Customers of Noel Vincent and Madison Avenue Securities who believe they have lost money may contact securities attorneys, James Booker or Joe Peiffer, at (216) 589-9280, by email at email@example.com, or through the contact form on this website for a free, no-obligation evaluation of their options.