There are options for clients of Corinthian Partners, L.L.C. broker Hagin Richeson (CRD# 5380166), who suffered investment losses related to investment losses related to corporate debt. He has been registered with Corinthian Partners, L.L.C. in Clearwater, Florida, since 2016, and with Corinthian Partners Asset Management LLC in Tampa, Florida, since 2022. Previously, he was registered with Ameriprise Financial Services, Inc. in Tampa, Florida, from 2009 to 2015.
In December 2022, the Florida Office of Financial Regulation sanctioned him to pay a $4,000 civil and administrative penalty following allegations that he “Engaged in investment advisory business in or from a location within this state without lawful registration.”
Hagin Richeson Customer Complaints
He has been the subject of three customer complaints between 2022 and 2023, one of which was withdrawn, according to his CRD report:
October 2023. “Claimants opened an account with the Firm on or about 12 April 2017. On or about 15 September 2017 claimant invested $3,200,000 (approximately) into a preferred stock issued by a public company. Claimant used funds from the same company’s issued debt which was purchased prior to knowing respondent, as the preferred paid a higher distribution. In subsequent years claimant continued to invest further in the debt and preferred stock of the same issuer. In 2022 the issuer filed chapter 11 to reorganize the company ceasing distributions to investors. Claimant alleges improper sales practice, due diligence and suitability for the debt and preferred issues purchased through the representative.” The customer is seeking $9,000,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while he was registered with Corinthian Partners, L.L.C.
March 2023. “In or about 2018 claimant alleges improper sales practice and suitability for product purchased through the representative.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while he was registered with Corinthian Partners, L.L.C.
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, Corinthian Partners, L.L.C. may be liable for investment or other losses suffered by Hagin Richeson’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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