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American Capital Partners: 2 Customer Complaint, 2 Regulatory Actions

American Capital PartnersPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 11, 2019 indicate that New York-based brokerage firm American Capital Partners has received regulatory actions and a customer complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding American Capital Partners (CRD# 119249).

Established in New York in 2001, American Capital Partners is headquartered in Hauppage, New York and registered with 52 US states and territories. The firm is organized as a limited liability with a fiscal year ending in December. Its parent company is Century Management and its self-regulatory organization (SRO) registrations include the Securities and Exchange Commission and FINRA. The firm is organized as a limited liability with a fiscal year ending in December. Its parent company is Century Management and its self-regulatory organization (SRO) registrations include the Securities and Exchange Commission and FINRA”; “The firm is organized as a limited liability with a fiscal year ending in December. Its parent company is Century Management and its self-regulatory organization (SRO) registrations include the Securities and Exchange Commission and FINRA”; and “The firm is organized as a limited liability with a fiscal year ending in December. Its parent company is Century Management and its self-regulatory organization (SRO) registrations include the Securities and Exchange Commission and FINRA.” According to the firm’s BrokerCheck report, it has received two regulatory sanctions and two customer complaints.

In 2009 FINRA sanctioned American Capital Partners in connection to findings it did not execute transaction orders for customers fully and promptly, and further that it did not use reasonable due diligence in customer transactions to determine the ideal inter-dealer market. FINRA also stated in its findings that the firm did not buy or sell in such an ideal inter-dealer market that the consequent price for clients was as favorable as possible considering the prevailing market conditions. In connection with these findings, the firm was censured and issued a fine of $7,500.

In 2006 the National Association of Securities Dealers (NASD) sanctioned the firm in connection to findings it did not report statistical and summary data concerning customer complaints in compliance with NASD rules. In connection with these findings, the firm was censured and issued a fine of $7,500.

In 2009 a customer alleged American Capital Partners breached contract in connection with investments in common stock and options products. The complaint resulted in an award to the customer of more than $387,900.

In 2009 a customer alleged the firm breached its fiduciary duty, breached contract, failed in its supervisory duties, and acted negligently. The complaint resulted in an award to the customer of more than $232,000.

If you have lost money investing with American Capital Partners, you may be entitled to recoup your losses. Call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect a recovery. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.