Thomas Riquier and United Planners Financial Services of America Sued by Massachusetts Securities Division
Have you lost money with financial advisor Thomas Riquier of Danvers, Massachusetts? We are investigating allegations made by the Massachusetts Securities Division against Thomas T. Riquier, an advisor at United Planners Financial Services of America. Massachusetts brought a complaint against both Riquier and United Planners Financial Services.
Massachusetts alleged that Thomas Riquier ran a Ponzi scheme that lasted 24 years and that involved 30 investors in an investment called the Rowley Land Appreciation Fund LP. The purported purpose of the fund was to invest in real estate. Massachusetts further alleged that United Planners Financial Services failed to adequately supervise this conduct and failed to do adequate due diligence on the Rowley Land Appreciation Fund. Massachusetts claims that Riquier’s scheme was over $1 million, and it seeks to punish both Riquier and United Planners Financial Services.
Thomas Riquier was a financial advisor and registered representative of United Planners Financial Services of America from April 1992 to the present. He works at a branch office in Danvers, Massachusetts. Riquier has been the subject of at least five customer complaints during his career. Riquier’s BrokerCheck report also discloses that he disclosed Rowley to United Planners as far back as 1992.
Brokerage firms like United Planners Financial Services of America LLC 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, the Seattle area, Chicago, and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in Massachusetts and the greater Boston area in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including currently representing against United Planners Financial Services of America.
Click to view: Riquier, Thomas BrokerCheck 2.14.18
Click to view: Riquier Thomas Massachusetts Complaint
If you lost money with Thomas Riquier, Rowley Land Appreciation Fund, or United Planners Financial Services of America LLC, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.