Articles Posted in N.C. Inc.

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Financial Industry Regulatory Authority (“FINRA”) Office of Hearing Officers has barred stockbroker Mercer (“Toby”) Hicks III from the securities industry for making unsuitable investment recommendations to five elderly customers ranging in age from 73 to 88 years old.   The recommendations involved non-traded Real Estate Investment Trusts (“REITS”) and a Business Development Company, Business Development Company of America (“BDCA”).  Mr. Hicks apparently targeted retirement communities in and around Southern Pines, North Carolina, for potential clients.

Mr. Hicks, a veteran broker of nearly 50 years, has been associated with Southeast Investments, N.C. Inc. since April 2014.

If you or a loved one were a customer of Mercer Hicks III, contact  New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation.

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