If you have suffered losses investing with stockbroker Donald Saccomano through Source Capital Group, you may be able to recover your loses through Financial Industry Regulatory Authority (FINRA) arbitration or securities litigation.
According to a FINRA report, a regulatory investigation is pending regarding Donald Saccomano’s sales practices and possible misrepresentations or unsuitable investments made by him. Don Saccomano’s brokerage firm, Source Capital Group, a FINRA registered brokerage firm headquartered in Westport, Connecticut, was separately fined approximately $100,00 in July 2014 in connection with the sale of oil and gas investments Blue Ridge Securities and Argyle Securities.
While all investments involve risk, direct investments and private placements such as Greenbacker Renewable Energy are considered high risk (or speculative) investments in which investors can suffer substantial losses. Stockbrokers like Donald Saccomano have a regulatory duty to ensure that any recommendation to purchase these types of investments are suitable for the needs of each customer. Both stockbrokers and the brokerage firms they are registered with may be held liable for investment recommendations that are unsuitable for clients.
If you are an investor that has suffered losses investing with Donald Saccomano or with Source Capital Group, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.