DID ADAM ALEX HIGNITE CAUSE YOU INVESTMENT LOSSES?
Adam Hignite Of Fidelity Brokerage Services LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Adam Hignite of Fidelity Brokerage Services LLC?
Adam Hignite (CRD #5798186) ,is currently associated with Fidelity Brokerage Services LLC in Covington, KY, and Fidelity Personal and Workplace Advisors in Boston, MA, showcasing a considerable span of licensure across 50 U.S. states and territories. Despite this extensive reach, his professional career is not without its concerns. Registered since September 2012, Hignite has only completed two general industry/product exams and two state securities law exams, lacking any principal/supervisory exams. This could be seen as a limitation in his qualifications to handle more complex supervisory or management roles within the industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Adam Hignite Customer Complaints and Reviews
Adam Hignite’s professional history includes two significant customer disputes, both of which were denied, yet they cast a shadow on his advisory capabilities:
- Early Retirement Misrepresentation (Denied, 2023): A client alleged that Hignite misrepresented the feasibility of retiring early, leading to unmet financial expectations. The complaint, filed in January 2023, was denied in March 2023.
- Unsuitable Investment Recommendation (Denied, 2021): Another complaint in April 2021 accused him of recommending unsuitable investments within a managed account, which was also denied by the end of the same month.
These disputes, although resolved without action against Hignite, suggest potential issues in client communication and suitability assessments.
Allegations Against Adam Hignite
The allegations against Adam A. Hignite include:
- Misrepresenting the potential outcomes of financial planning, specifically regarding early retirement possibilities, which could mislead clients regarding their financial planning and security.
- Advising on investments that may not align with the client’s financial goals or risk tolerance, pointing to a disregard for the suitability standard required by financial advisors.
These allegations reflect poorly on his ability to provide dependable and client-focused financial advice.
Adam Hignite Red Flags & Your Rights As An Investor
Of course, Adam Hignite did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Adam Hignite at Fidelity Brokerage Services LLC on alert to review carefully the activity and performance of their accounts and question whether Adam Hignite has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Fidelity Brokerage Services LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Fidelity Brokerage Services LLC Due To Adam Hignite
If you have questions about Fidelity Brokerage Services LLC and/or Adam Hignite and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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