The GMS Group, LLC., Jason Figueroa, et. al

South Florida FINRA Arbitration and Litigation Attorney:

Recently, an elderly couple filed a FINRA arbitration claim against The GMS Group, LLC., Jason Figueroa, Carmine Capone and Paul Mante.  The Claimants' have made a number of allegations of wrong doing against the Respondents.  One of the primary claims made was that Mr. Figueroa recommended and effected, though the use of discretion, later to be determined in violation of the firm's policies and procedures, the purchase and sale of, among other investment, leveraged and inverse-leveraged ETF's, including Proshares Ultra S&P 500, Proshares Ultrashort VIX Short Term Futures, Barclays S&P VIX Short Term Futures, Credit Suisse Nassau BRH, Market Vectors ETF Gold Miners as well as exchange traded notes.