Lose money after investing in a GPB Capital Holdings Fund? take action
We can help recover your investment loss. Free consultations, always. CONTACT US

INVESTOR WARNING—Broker Hector May Was Terminated By Securities America For Misappropriation Of Client Assets

The Wolper Law Firm is currently investigating claims against Hector May, a former Financial Advisor at Securities America in New City, NY.  Hector May has been in the securities industry since 1973 and previously worked at Prime Capital Services.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on March 9, 2018, Securities America terminated Hector May for “misappropriation of client assets.”  This termination was preceded by the initiation of an investigation by the Department of Justice into alleged criminal activity by Hector May.

Since the investigation was launched, one customer has filed a complaint alleging “the representative defrauded them, misappropriating their assets in a ponzi-style scheme.”  The alleged damages are $1.074 million and the matter remains pending.

To review the entire disclosure history for Hector May, click https://brokercheck.finra.org/individual/summary/323779#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives.  In necessarily follows that misappropriation of client assets is illegal and subjects both the broker and his employing financial advisor to legal responsibility.  Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you or someone you know was a customer of Hector May and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

or call 800.931.8452
Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: 800.931.8452

Additional Office Locations (by appointment only)

3355 Lenox Road
Suite 7
Atlanta, GA 30326


13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016


3102 Maple Ave.
Suite 400
Dallas, TX 75201


5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220


7900 E. Union Ave.
Suite 1100
Denver, CO 80237


1700 Park Street
Suite 103
Naperville, IL 60563


1001 Fourth Ave.
Seattle, WA 98154