Advisor Alert: Our Attorneys Are Investigating Richard Noel Fredette For Investment Fraud
Did You Lose Money Because of Richard Fredette?
Filed: January 16, 2024
Richard Fredette currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) termination event and four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Richard Noel Fredette.
Who Is Richard Noel Fredette?
- Advisor Name: Richard Noel Fredette
- Aliases: Richard Fredette
- CRD: 1283377
- Location: Houston, Texas
- Current Employer: Currently Not Registered
- Previous Firms: Cantella & Co., Inc., Calton & Associates, Inc., and IMS Securities, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Termination Events: 1
- Can Richard Fredette Be Sued: Yes, in Private Arbitration
- Can Richard Fredette’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $200,000
If you have suffered investment losses by Richard Fredette, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Richard Fredette For Broker Misconduct
As of this publication date, Richard Fredette has been the subject of 1 termination event and 4 customer disputes. Let’s review them below.
In September 2019, a complaint was filed against or in reference to Richard Fredette by a customer of IMS Securities & Calton & Associates alleging Suitability, Fraudulent Investment Advice, and Breach of Fiduciary Duty. As of this publication date, this complaint remains pending.
In October 2000, a complaint was filed against or in reference to Richard Fredette by a customer of Tri-Star Financial alleging unsuitable investments.
In March 1986, Prudential Securities Incorporated terminated Richard Fredette.
In March 1986, a complaint was filed against or in reference to Richard Fredette by a customer of Prudential-Bache alleging unauthorized trading and damages of $100,000. Per the customer, he/she lost over $100,000 because of Mr. Fredette’s actions.
In February 1986, a complaint was filed against or in reference to Richard Fredette by a customer of Prudential-Bache Securities, Inc. alleging unauthorized trading,churning, and fraud in connection with the sale of securities in violation of the securities act of 1933, violation of 1934 securities and exchange act anti fraud provision, unlawful sale of securities under texas blue sky act, violations of antifraud provisions of commodity exchange act, breach of fiduciary duties and violations of commodity exchange act and regulations of the commodity futures trading commission, common law fraud and deceit, and breach of contract and warranty. On December 31, 1986, Mr. Fredette settled the claim for $200,000, and some or all of this amount may have been paid by Mr. Fredette’s employer and/or insurance carrier.
How To File A Claim Against Richard Fredette (previously with Cantella & Co., Inc., Calton & Associates, Inc., and IMS Securities, Inc.) To Get Your Money Back.
If you have questions about Richard Fredette, Cantella & Co., Inc., Calton & Associates, Inc., IMS Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.