The Department is investigating allegations that Avery sold unregistered promissory notes.
The Sonn Law Group is investigating allegations that Todd Avery sold unregistered promissory notes. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Todd Avery (CRD#: 6252909) is currently a Registered Investment Advisor (RIA) with Rite Financial Group in Lexington, Kentucky. Rite Financial also does business as Douglas Hawkins Investments, LLC.
Avery is currently being investigated by the Commonwealth of Kentucky Public Department of Financial Institutions based on allegations that he, “placed clients into unregistered promissory notes and failed to provide prospectuses to the promissory note investors or otherwise provide required disclosure documents.”
As an SEC-registered investment adviser, Avery is considered a fiduciary to his clients, meaning he is obligated to put his clients’ interests ahead of his own. Unlike SEC-registered investment advisers, FINRA-registered brokers are only subject to a suitability duty of care, requiring that they only recommend investments that are “suitable” for their clients given their investment goals and risk tolerance.
Avery has no other disclosures on his Investment Advisor Public Disclosure record.
Contact Us Today
The Sonn Law Group is currently investigating allegations that Todd Avery sold unregistered promissory notes. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.