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Broker Complaints: Axiom Capital Management (CRD# 26580)

According to the Financial Industry Regulatory Authority (FINRA), New York-based brokerage firm Axiom Capital Management (CRD# 26580) is the subject of numerous customer complaints regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Axiom Capital Management.

Formed in Delaware in 1990, Axiom Capital Management is headquartered in New York City and registered in 53 US states and territories. Liam Francis Dalton is Chairman of the Board; Mark David Martino is Chief Executive Officer and President; Maria Dichiara is Director of Operations and Executive Vice President; Eric Lee Miller is Chief Compliance Officer; Roman Christopher Kwarta is Head Trader.

According to the firm’s BrokerCheck report, Axiom Capital Management is the subject of nine customer sanctions and two customer complaints that evolved into arbitration.

In 2010 the State of Vermont sanctioned Axiom Capital Management following allegations the firm made unauthorized trades, failed to supervise its representatives, failed to properly maintain records, and violated an existing consent order in Vermont. Axiom Capital Management was ordered to pay a fine of $20,000 and restitution of more than $49,000.

In 2010 the United States Securities and Exchange Commission (SEC) sanctioned Axiom Capital Management following allegations the firm failed to supervise a representative who made unsuitable investment recommendations. Axiom Capital Management was censured and issued a fine of $60,000.

In 2008 the National Association of Securities Dealers sanctioned Axiom Capital Management following allegations the firm failed to designate a compliance registered options principal who had no sales functions, and additionally failed to maintain securities order memoranda with required timestamps. Axiom Capital Management was censured and issued a fine of $10,000.

In 2004 NASD sanctioned Axiom Capital Management following allegations, among others, the firm failed to disclose commissions charged to customers, and additionally failed to expeditiously file transaction reports. Axiom Capital Management was censured and issued a fine of $15,000.

In 2003 NASD sanctioned Axiom Capital Management following allegations the firm published and disseminated research reports containing material misrepresentations and omissions. Axiom Capital Management was censured and issued a fine of $50,000.

In 1998 a customer alleged Axiom Capital Management breached contact, misrepresented material facts related to an investment, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of more than $16,700.

In 1998 a customer alleged Axiom Capital Management breached its fiduciary duty, misrepresented material facts related to an investment, sold unsuitable investments, and failed to supervise its representatives. The complaint resulted in an award to the customer of $101,661.

If you have lost money investing with Axiom Capital Management, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means 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.