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Broker Complaints: 1st Global Capital (CRD# 30349)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Texas-based brokerage firm 1st Global Capital (CRD# 30349).

Formed in Delaware in 1992, 1st Global Capital is headquartered in Dallas, Texas and registered with 53 US states and territories. Stephen Batman is Chief Executive Officer and Treasurer; David Knoch is Treasurer; Jeffrey Magson is Executive Vice President and Client Experience Officer; Michael Pagano is Executive Vice President of Compliance, Legal & Risk Assessment; Cessford Prentice is Vice President, Key Accounts; Adam Schaub is Chief Compliance Officer; Everett Stewart, Jr. is Chief Operations Officer.

According to the firm’s BrokerCheck report, 1st Global Capital is the subject of three regulatory sanctions and one customer complaint that evolved into arbitration.

In 2013 a customer alleged 1st Global Capital breached its fiduciary duty, omitted material facts related to an investment, acted negligently, and recommended unsuitable investments. The complaint resulted in an award to the customer of $26,000.

In 2007 the State of Illinois sanctioned 1st Global Capital following allegations the firm violated Illinois securities law. The firm was censured.

In 2007 the State of Nebraska sanctioned 1st Global Capital following allegations the firm failed to properly supervise a registered representative. The firm entered into a consent order and paid an administrative assessment of $10,000.

In 2006 the US Securities and Exchange Commission sanctioned 1st Global Capital following allegations the firm recommended and sold certain 529 plan units “without necessarily having reasonable grounds to believe its recommendations were suitable.” The firm was censured and issued a fine of $100,000.

If you have lost money investing with 1st Global Capital, you may be entitled to recover 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.