Report: New Complaint Filed Stemming from Federal Case Involving Hector May

The national brokerage house that was represented by a well-known Rockland financial investor and philanthropist currently under a federal investigation is also now under the microscope. The Journal News reported a complaint has been filed against Securities America on behalf of several of Hector May’s clients. The complaint claims May wasn’t properly supervised while handling their investments. The federal investigation was opened in March, and at that time, Rockland Business Association CEO Al Samuels, a close associate and friend of May’s, emphasized no charges have been filed against the Orangeburg resident who’s been a friend to many in the county for decades…

Audio: Al Samuels

Securities America discontinued its relationship with May when the federal investigations became publicized.

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