Arbitration Award Against John S. Galinsky and Fintegra, LLC
In Anderson v. Matrix Capital Group et. al., eleven claimants brought claims against Matrix Capital Group, Inc., John W. Eugster, Fintegra LLC, and John S. Galinsky, alleging breach of fiduciary duty, unsuitable investments, and misrepresentations in connection with the sale of investments in MiaSole Investments II LLC. The Claimants alleged that they were solicited to invest in MiaSole, which were unregistered securities and asked that the named respondents buy back their investments in MiaSole.
The case proceeded in FINRA Arbitration (Financial Industry Regulatory Authority) before three arbitrators with a hearing venue in Phoenix, Arizona. The arbitrators found that John Galinsky and Fintegra were liable and asked them to buy back the Claimants’ investments in MiaSole, which totaled over $1.19 million in compensatory damages, over $308,000 in attorneys’ fees, and over $35,000 in costs. Since this award was rendered, Fintegra filed for bankruptcy, according to bizjournals.com.
John S. Galinsky was a financial advisor and registered representative of Fintegra from January 2010 to December 2011. He is now registered with National Securities Corp., from January 2012 to the present. He has worked at branch offices in Chicago, Illinois. John Galinsky was terminated by Advanced Equities back in 2006, and he was also terminated by David A. Noyes & Company in 1999. Galinsky has been the subject of at least four customer complaints, and of two misdemeanor charges. Galinsky was also the subject of an investigation by the Illinois Securities Department in 1990.
Brokerage firms like Fintegra and National Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in the Phoenix and Chicago areas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including National Securities Corp., LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, and many others.
If you lost money with advisor John S. Galinsky, please Contact Us at 720-599-3505 for a free evaluation of your case.
Have you lost money in an investment? Contact Us
Call us today for your FREE consultation. Contact Us
Denver Office: (720) 599-3505 Seattle Office: (206) 795-5798