Investor Alert: FINRA Barred RICHARD LABARE indefinitely for not following FINRA rules

Furgison Law Group is looking into potential cases against Union Capital Company for claims related to possible misconduct by Richard Labare

FINRA Sanctions & Allegations of Misconduct

FINRA suspended Richard Labare (CRD#717987) of UNION CAPITAL COMPANY, of Rancho Mirage, California and barred him from association with any FINRA member in all capacities for failing to respond to FINRA requests for information.  

Richard Labare has many complaints of wrongdoing reported on his regulatory file

The CRD Report of Richard Labare includes the disclosure of seven (7) other complaints. These types of complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

The CRD Report also states Labare filed bankruptcy and was terminated by Morgan Stanley & Co. for selling an unapproved annuity investment.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Richard LaBare, Morgan Stanley or UNION CAPITAL COMPANY, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.