The Law Firm of David R. Chase and Silver Law Group recently filed a FINRA arbitration claim against Independent Financial Group, a securities firm, after its broker improperly recommended the services of an individual who the SEC claims was engaged in a Ponzi scheme.
The statement of claim alleges the Claimant was the client of Independent Financial Group and its broker, Jon Pariser (CRD# 2755015). In or around June 2017, Pariser informed Claimant that he was retiring and that he had a capable and skilled professional who he could recommend to take over — Christopher A. Parris, an unlicensed securities broker.
Pariser allegedly told the Claimant that Parris came highly-recommended and could be trusted, despite the fact that Parris had been suspended by FINRA less than two (2) years prior. The Claimant, according to the statement of claim, was unaware of this fact and relied upon Pariser’s professional opinion.
Pariser had initially sold the Claimant an annuity. Parris, upon taking control of the account, immediately advised Claimant to surrender the annuity in full and invest the proceeds in First Nationale Solution, a Ponzi scheme according to the SEC, which Pariser was allegedly orchestrating.
Claimant alleges that Independent Financial Group failed to supervise Pariser and allowed him to make an unsuitable recommendation to invest with Parris. Due to Independent Financial Group’s lapses, the Claimant lost over $135,000.00.
If you’ve invested with Independent Financial Group and/or Jon Pariser and suffered losses in First Nationle Solution, we may be able to help you recover your losses. We work on a contingency fee, meaning if we don’t recover money you owe us nothing.
The securities law firm of David R. Chase has recovered millions of dollars for defrauded investors in cases against securities brokerage firms for their stock broker’s fraudulent and negligent conduct. Contact securities fraud attorney David Chase for a confidential, no-cost consultation about your ability to recover your investment losses at: (800) 760-0192 or at: firstname.lastname@example.org. David Chase, a former SEC Prosecutor, is the principal of the securities law firm, David R. Chase, PA, based in Fort Lauderdale, Florida.