Crown Capital Securities: 4 Regulatory Actions, 1 Customer Complaint
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 11, 2019 indicate that California-based brokerage firm Crown Capital Securities has received FINRA sanctions in connection to alleged rule violations and a customer complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Crown Capital Securities
Established in Delaware in 1999, Crown Capital Securities is headquartered in Orange, California and registered with 51 US states and territories. The firm conducts 14 types of business, including: Broker or dealer retailing equity securities over-the-counter; mutual fund retailed; US government securities broker; municipal securities broker; broker or dealer selling oil and gas interests; investment advisory services, broker or dealer selling tax shelters or limited partnerships in primary distributions; non-exchange member arranging for transactions in listed securities by exchange member; and broker or dealer selling interests in mortgages and other receivables. According to the firm’s BrokerCheck report, it has received four regulatory sanctions and one customer complaint.
In 2013 the State of Alaska sanctioned Crown Capital Securities in connection to allegation its failed to properly disclose state orders against an individual dating from 1984, and that a website incorrectly described licensure to sell insurance products in Oregon, Utah, and Washington. In connection with these findings, the firm was issued a fine of $12,500.
In 2013 FINRA sanctioned the firm in connection with findings the firm failed to transmit most of its reportable order events to the order audit trail system on a number of days, and that the firm did not provide documentary evidence that it had completed certain supervisory reviews regarding the order audit trail system. In connection with these findings, the firm was censured and issued a fine of $15,000.
In 2012 a customer alleged Crown Capital Securities misrepresented material facts relating to an investment, breached its fiduciary duty, breached contract, failed in its supervisory duties, and acted negligently in connection to investments in unspecified securities. The complaint resulted in an award to the customer of $277,468.
In 2009 the State of Nevada sanctioned the firm in connection to allegations it failed to license two investment adviser representatives in violation of Nevada Revised Statutes and Nevada Administrative Code Chapters 90.. In connection with these findings, the firm was issued a fine of $15,000.
In 2003 the National Association of Securities Dealers sanctioned the firm in connection to allegations it failed to timely file reports concerning customer complaints and statistical and summary information concerning customer complaints. In connection with these findings, the firm was issued a fine of $5,000.
If you or someone you know has a complaint regarding Crown Capital Securities, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.