Securities Arbitration Lawyers BlogBroker Hector May Investigated For Possible Ponzi Scheme And Defrauding Clients of $3.4M
Hector May (CRD #323779) is a former registered broker and investment advisor, last employed with Securities America, Inc. (CRD #10205) of New York City. His previous employers include Prime Capital Services, Inc. (CRD #18334) of Poughkeepsie, NY, Equico Securities, Inc. (CRD #6627) and The Equitable Life Assurance Society Of The United States (CRD #4039) of New York City. He has been in the industry since 1973.
May has three disclosures filed this year. The first, on 03/08/2018, is an official criminal investigation by the US Department of Justice for a “suspected felony.” No additional information is available.
On 3/9/2018, May was discharged from Securities America due to “Misappropriation of client assets.”