Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 16, 2016 indicate that New Jersey-based Capitol Securities Management broker adviser Philip Arnheiter has received settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Arnheiter (CRD# 1261682).
Philip Arnheiter has spent 31 years in the securities industry and has been registered with Capitol Securities Management in Red Bank, New Jersey since August 2015. Previous registrations include Oppenheimer & Company in Red Bank, New Jersey; Wells Fargo Advisors Financial Network in Red Bank, New Jersey; Morgan Stanley in Red Bank, New Jersey; Prudential Securities in New York, New York; First Fidelity Brokers in Newark, New Jersey; and Wall Street Clearing Company. He is a registered broker in six US states: Florida, Massachusetts, New Jersey, New York, North Carolina, and Pennsylvania.
According to his BrokerCheck report, Philip Arnheiter has received two customer complaints and one pending customer complaint.
In April 2016, a customer alleged that Philip Arnheiter, while employed at Oppenheimer & Company, executed unsuitable and unauthorized transactions. The customer is seeking $200,000 in damages in the pending complaint.
In January 2015, a customer alleged that Philip Arnheiter, while employed at Wells Fargo Advisors Financial Network, recommended unsuitable securities. The customer sought damages exceeding $7,600 in the complaint, which was denied.
In 2014, a customer alleged that Philip Arnheiter, while employed at Oppenheimer & Company, breached his fiduciary duty and made unsuitable investment recommendations. The complaint settled for $5,000, to which Mr. Arnheiter individually contributed $5,000.
In 2002, a customer alleged that Philip Arnheiter, while employed at Oppenheimer & Company, misrepresented and recommended unsuitable investments in stocks and mutual funds. The complaint, from which Mr. Arnheiter was withdrawn, settled in 2003 for $24,900.
If you or someone you know has a complaint regarding Philip Arnheiter, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. 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.