Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 9, 2017 indicate that Washington-based broker-dealer Capital One Investing has been sanctioned by FINRA. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Capital One Investing (CRD# 45744).
Established in Washington in 1998, Capital One is headquartered in Seattle, Washington and registered with 51 US states and territories. Yvette Butler is President and Director; Alex Martin is Financial Operations Principal; Jerrold Mauricio is Chief Compliance Officer.
According to the firm’s BrokerCheck report, Capital One has received three regulatory sanctions.
In November 2016 FINRA sanctioned Capital One following allegations the firm “collected suitability information and made suitability determinations for approximately $730,000 customers who used an online tool provided by the firm.” According to FINRA’s findings, Capital One “failed to send and create a record that it sent certain account information to these customers within 30 days of opening the accounts (?30-day notice”), and to approximately 650,000 of these customers at 36-month intervals after the accounts were opened C’36-month notice”).” In certain instances it also allegedly “provided inaccurate historical weighted-average performance results to customers” and additionally “failed to establish and maintain a supervisory system that was reasonably designed to achieve compliance with SEC and FINRA recordkeeping rules and FINRA advertising rules,” according to FINRA’s findings. Capital One was censured and issued a fine of $500,000.
If you or someone you know has a complaint regarding Capital One Investing, call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.