Published on:

Attention Customers of New Jersey Broker, Jeffrey Fladell

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New Jersey-based RBC Capital Markets broker/adviser Jeffrey Fladell (CRD# 209278).

Jeffrey Fladell has spent 42 years in the securities industry and has been registered with RBC Capital Markets in Parsippany, New Jersey since 2009. Previous registrations include JB Hanauer & Company in Parsippany, New Jersey (1988-1993; 1995-2009); Halpert & Company (1979-1988); Travelers Equities Sales (1972-1984); Swanton Securities (1976-1979); Hermes Securities (1971-1975); and Bernard Schnizter (1970-1974).

shutterstock_45011008According to his BrokerCheck report, Jeffrey Fladell is the subject of five customer complaints, two pending customer complaints, and one regulatory sanction.

In 2015 a customer alleged Jeffrey Fladell, while employed at RBC Capital Markets, recommended unsuitable municipal bonds. The customer is seeking unspecified damages in the pending complaint.

In 2015 a customer alleged Jeffrey Fladell, while employed at RBC Capital Markets, recommended unsuitable municipal bonds and both over-concentrated and churned the account. The customer is seeking $2,000,000 in damages in the pending complaint.

In 2014 a customer alleged Jeffrey Fladell, while employed at RBC Capital Markets, over-concentrated the account and recommended unsuitable investments. The complaint settled in 2015 for $75,000.

In 2013 a customer alleged Jeffrey Fladell, while employed at RBC Capital Markets, made unsuitable recommendations and over-concentrated the account. The complaint settled in 2015 for $265,000.

In 2007 a customer alleged Jeffrey Fladell, while employed at JB Hanauer & Company, executed unsuitable investment strategies. The complaint settled for $110,000.

In 2004 a customer alleged Jeffrey Fladell, while employed at JB Hanauer & Company, sold a security that occupied “too great a percentage of her portfolio.” The complaint settled for $35,000.

In 1993 Jeffrey Fladell was statutorily denied registration by the National Association of Securities Dealers (NASD) as a result of his guilty plea to a “misdemeanor count of submitting a false document to the Internal Revenue Service.”

In 1987 a customer alleged Jeffrey Fladell, while employed at Halbert Oberst & Company, misrepresented the risks associated with an unsuitable investment. The complaint resulted in an award to the customer of $24,000.

If you or someone you know has a complaint regarding Jeffrey Fladell, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: we only receive payment 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.