DID VINCENT JEROME CAMARDA CAUSE YOU INVESTMENT LOSSES?
Vincent Camarda Formerly With IBN Financial Services, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct
About Vincent Camarda of IBN Financial Services, Inc.?
Vincent Camarda (CRD #2463703) is an experienced broker with a significant history in the securities industry, though he is not currently registered. Throughout his career, he has passed a total of five securities industry exams: one principal/supervisory exam, two general industry/product exams, and two multi-state securities law exams. These include the General Securities Principal Examination (Series 24) and the General Securities Representative Examination (Series 7). His professional credentials also include a Certified Financial Planner designation. Camarda’s registration history spans various firms and locations. He was previously registered with several firms including IBN Financial Services, Inc., Traderfield Securities Inc., and American Portfolios Financial Services, Inc., among others, with tenures in Massapequa, New York, Phoenix, Arizona, and Minneapolis, Minnesota. His longest consecutive registration lasted from April 1994 to January 2005 with American Express Financial Advisors Inc. and IDS Life Insurance Company in Minneapolis, Minnesota.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Vincent Camarda Customer Complaints and Reviews
Vincent J. Camarda’s record includes several negative disclosures:
- Civil Events: 1 pending event.
- Customer Disputes: 8 incidents reported, with 5 settled and 3 pending.
- Terminations: 1 incident where he was permitted to resign.
- Details of Select Incidents:
- Civil Event (Pending): Initiated by the SEC on 06/09/2022, involving allegations related to an unregistered securities offering exceeding $500 million with Par Funding, seeking penalties and disgorgement (Case #2:22-cv-03421).
- Customer Dispute (Settled in 2005): Claimants alleged unsuitable and undiversified investments in 1999, settled for $23,000 (NASD 04-04034).
- Termination (2022): Camarda was permitted to resign from IBN Financial Services, Inc. due to allegations of unlawfully selling securities in a fraudulent offering with Par Funding.
Allegations Against Vincent Camarda
Criminal Actions, Regulatory Actions, and Customer Complaints:
- SEC Civil Action (Pending): Camarda is accused of participating in a fraudulent, unregistered securities offering with Par Funding, which involved more than $75 million raised from investors. The action alleges violations of multiple securities acts and is currently pending in federal court.
- FINRA Arbitration (Pending): Multiple arbitrations involve allegations of negligence, breach of contract, and selling unregistered securities, with claimed damages ranging from up to $2 million (e.g., FINRA Dispute Resolution Docket #24-00880).
- Termination by IBN Financial Services, Inc. (2022): Allegations of unlawfully offering and selling securities connected to a $500+ million unregistered fraudulent offering.
Vincent Camarda Red Flags & Your Rights As An Investor
Of course, Vincent Camarda 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 Vincent Camarda at IBN Financial Services, Inc.on alert to review carefully the activity and performance of their accounts and question whether Vincent Camardahas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at IBN Financial Services, Inc. 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 IBN Financial Services, Inc. Due To Vincent Camarda
If you have questions about IBN Financial Services, Inc. and/or Vincent Camarda 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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