A Financial Industry Regulatory Authority (FINRA) panel expelled both John Carris Investments, LLC and its CEO, George Carris, for fraud and suitability violations. The allegations of wrongdoing related to a scam which involved the sale of stock and promissory notes in a JCI subsidiary known as "Invictus Capital." Some John Carris employees were also disciplined and fined by the arbitration panel. In their decision, the panel noted that John Carris had violated numerous industry rules, failed to remit employee payroll taxes, and that the testimony of George Carris was not credible.
If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.
To read more, please visit: http://www.finra.org/Newsroom/NewsReleases/2015/P602276