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Broker Complaints: DPEC Capital (CRD# 103737)

The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against New York-based brokerage firm DPEC Capital (CRD# 103737).

Formed in Delaware in 1999, DPEC Capital is headquartered in New York, New York and registered with 46 US states and territories. Keith Todd Fasano is President, Chief Compliance Officer, and Managing Director; Shari Ferguson is Chief Financial Officer and Financial Operations Principal. According to the firm’s BrokerCheck report, DPEC Capital is the subject of four regulatory sanctions and four customer complaints that evolved into arbitration.

In 2009 the Financial Industry Regulatory Authority (FINRA) sanctioned DPEC Capital following allegations the firm failed to submit fingerprints for associated persons who received and logged customer checks. The firm was issued a fine of $5,000.

In 2007 FINRA sanctioned DPEC Capital following allegations the firm engaged in unapproved business activity related to options transactions. The firm was censured and issued a fine of $15,000.

In 2007 FINRA sanctioned DPEC Capital following allegations, among others, the firm engaged in fraud or deceit, misrepresented or omitted material facts, and sold securities without registration. DPEC Capital was censured and issued a fine of $205,000.

In 2004 a customer alleged DPEC Capital breached its fiduciary duty, churned an account, failed to supervise, and misrepresented material facts related to an investment. The complaint resulted in an award to the customer of more than $432,400.

In 2005 a customer alleged DPEC Capital breached its fiduciary duty, breached contract, acted negligently, and failed to supervise. The complaint resulted in an award to the customer of $17,500.

In 2005 a customer alleged DPEC Capital omitted material facts related to an investment. The complaint resulted in an award to the customer of more than $49,000.

In 2007 a customer alleged DPEC Capital breached its fiduciary duty, made unsuitable investment recommendations, executed unauthorized trades, and failed to supervise. The complaint resulted in an award to the customer of more than $1,000.

If you have lost money investing with DPEC Capital, you may be entitled to recoup lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover 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.