Broker Complaints: Capital Investment Group, Inc. (CRD# 14752)

Capital Investment Group, Inc. is an independent broker dealer firm registered with both FINRA and the SEC. Capital Investment Group, Inc. was incorporated in North Carolina in 1984 and is classified as a corporation.

Capital Investment Group, Inc.’s main office is located at 17 Glenwood Ave Raleigh, North Carolina 27603. Capital Investment Group, Inc. is approved in 53 U.S. states and territories. Capital Investment Group, Inc. has three regulatory events and two arbitrations listed on its BrokerCheck Report.

In November 2010 Capital Investment Group, Inc. was fined $12,500 for failing to transmit all of its reportable orders to OATS (Order Audit Trail System) on multiple business days.

In August 2012 a FINRA arbitration panel entered a $30,000 award against Capital Investment Group, Inc. The complaint stemmed from allegations of misrepresentation of material facts related to an investment with Capital Investment Group.

IN 1996 an NASD (the predecessor to FINRA) arbitration panel entered a judgment against Capital Investment Group, Inc. for $1.3 million. According to the arbitration award, the client alleged the Capital Investment Group, Inc. broker engaged in fraud, breached his contract and breached his fiduciary duty to the client.

Current Capital Investment Group, Inc. broker, Jerry W. Payne has one judgment, one settled customer complaint, one regulatory action and has been charged with 2-counts abetting in the fraudulent sale of securities (a felony in Alabama where the charges were brought). The criminal charges were later dismissed. The complaint referenced above was filed in 1992. The customer alleged unauthorized trading and churning by a broker Jerry W. Payne was in charge of supervising. The customer received $1.4 million in damages, though the arbitration panel dismissed Jerry W. Payne personally from the suit.

If you or someone you know has lost money investing with Capital Investment Group, Inc., Jerry W. Payne or any other Capital Investment Group, Inc. brokers, you may be entitled to recover your losses. The law offers investors who have fallen victim to broker misconduct a path of recovery by way of arbitration through the Financial Industry Regulatory Authority (FINRA). Time to file a claim with FINRA is limited however, so do not delay.

Call the dedicated attorneys at Fitapelli Kurta today for your free consultation. Do not wait. Call 877 – 238 – 4175 now.