Michele Boyer - Concorde Investment Services

A former client alleged that Boyer recommended unsuitable investments in relation to non-traded REIT purchases.

The Sonn Law Group is investigating allegations that Michele Boyer recommended unsuitable investments. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Michele Boyer - Concorde Investment ServicesMichele Boyer (CRD#: 5046676) was recently named in a customer dispute alleging negligence, suitability, and failure to supervise in relation to non-traded REIT investments. Boyer was employed by Concorde Investment Services during the period of the allegations. 

November 2019 – “Claim is alleging negligence, suitability, and failure to supervise in relation to non-traded REIT purchases made in July and August of 2014.” The claimant is seeking $150,000. This matter is still pending. 

According to public records, the clients were a married couple who alleged that Boyer purchased high-risk, speculative non-traded REITs, including Northstar Healthcare and Phillips Edison. Boyer also recommended her clients invest in Noble Realty Access Fund and other unsuitable and high-risk energy investments.

According to the complaint, Boyer informed her clients that they would not have to wait more than two years to sell their investments at a profit. Additionally, it is alleged that Concorde Investment Services, LLC failed to disclose the high fees and commission that Boyer earned for these investments, which were illiquid. It is also alleged that Boyer over-concentrated her clients’ portfolio in these high-risk and high-commission products.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Concorde Investment Services, LLC may be liable for investment or other losses suffered by Boyer’s customers.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Michele Boyer recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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