Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 28, 2018 indicate that California-based First Allied Securities broker/adviser Marsha Lee has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Lee (CRD# 1028237).
Marsha Lee has spent 36 years in the securities industry and has been registered with First Allied Securities in Palm Desert, California since 1995. Previous registrations include First Affiliated Securities in La Jolla, California (1991-1995); Lehman Brothers in New York, New York (1989-1991); Merrill Lynch in New York, New York (1986-1989); Bateman Eichler Hill Richards (1986); and Sutro & Company (1982-1986). She has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on May 20, 1982; SIE (Securities Industry Essentials Examination), which she obtained on October 1, 2018; and Series 7 (General Securities Representative Examination), which she obtained on January 16, 1982. She is a registered broker and investment adviser with 14 US states and territories: Arizona, California, Colorado, Florida, Idaho, Massachusetts, Nevada, New York, Ohio, Oklahoma, Oregon, Texas, Utah, and Washington.
According to her BrokerCheck report, she has received one pending customer complaint and one denied customer complaint.
In October 2018 a party of customers alleged Marsha Lee, while employed at First Allied Securities, recommended unsuitable investments, breached her fiduciary duty, misrepresented material facts, engaged in unfair practices, and acted negligently. The customers are seeking $525,235 in damages in the pending complaint.
In 2000 a customer alleged Marsha Lee, while employed at First Allied Securities, recommended unsuitable investments in Terra Nitrogen and Williams Coal Seam Gas Realty. The customer sought $21,000 in damages in the complaint, which was denied.
If you or someone you know has complaints regarding Marsha Lee, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited by law, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.