Erez Law is currently investigating former Financial Gravity Wealth, Inc. broker Devin Patel (CRD# 6632487) regarding energy sector losses. He has been registered with Sanford C. Bernstein & Co., LLC in Tampa, Florida, since 2023, and Alliancebernstein L.P. in Tampa, Florida, since 2023. He was registered with Foundations Investment Advisors LLC in Lake Mary, Florida, from 2019 to 2022, and Financial Gravity Wealth, Inc. in Lake Mary, Florida, from 2017 to 2019.
Devin Patel Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2023. “The Plaintiffs allege the Defendants made unsuitable and illegal recommendations in connection with unregistered debt and equity securities.” The customer is seeking $1,500,000 in damages, and the case is currently pending. The complaint was regarding equity OTC and oil and gas energy sector investment losses, and it took place while he was registered with Financial Gravity Wealth, Inc.
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, Financial Gravity Wealth, Inc. may be liable for investment or other losses suffered by Devin Patel’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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