Capital Investment Group: 2 Customer Complaints, 5 Regulatory Actions
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 11, 2019 indicate that North Carolina-based brokerage firm Capital Investment Group has received regulatory sanctions and customer complaints. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Capital Investment Group (CRD# 14752).
Established in North Carolina in 1984, Capital Investment Group is headquartered in Raleigh, North Carolina and registered with 53 US states and territories. According to its BrokerCheck report, it has received five regulatory sanctions and two customer complaints.
In January 2019 the State of Wisconsin sanctioned the firm in connection to allegations involving its competence and trustworthiness. The firm’s license application was denied.
In August 2018 the Massachusetts Securities Division sanctioned Capital Investment Group in connection to allegations it failed to reasonably supervise the outside business activities of one of its agents, causing harm to investors in Massachusetts. In connection with these findings, the firm was censured and issued a fine of $50,000.
In 2014 a customer alleged Capital Investment Group misrepresented material facts and acted negligently in connection with unspecified allegations. The complaint resulted in an award to the customer of $30,000.
In 2010 FINRA sanctioned Capital Investment Group in connection to allegations that on separate business days it failed to transmit all reportable order events to the order audit trail system, and that its supervisory system did not ensure compliance with relevant securities laws. In connection to these findings, the firm was censured and issued a fine of $12,500.
In 1998 the State of South Dakota sanctioned the firm in connection to allegations it failed to comply with state laws requiring firms to keep at least one agent registered at all times in the state so as to keep its broker-dealer registration effective. The firm’s registration was revoked.
In 1996 a customer alleged Capital Investment Group breached its fiduciary duty and breached contract in connection to unspecified investments. The complaint resulted in an award to the customer of more than $1.3 million.
In 1989 the State of South Carolina sanctioned the firm in connection to allegations one of its representatives offered securities to residents of the state although he was not properly registered in the state. The firm was issued a cease and desist order in connection with these allegations.
If you or someone you know has lost money investing with Capital Investment Group, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.