Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 16, 2016 indicate that Maryland-based Capital Portfolio Management broker/adviser Charles Laubach has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Laubach (CRD# 1097453).
Charles Laubach has spent 33 years in the securities industry and has been registered with Capitol Portfolio Management in Timonium, Maryland since March 2016. Previous registrations include Chapin Davis in Baltimore, Maryland; Ameriprise Financial Services in Timonium, Maryland; Wells Fargo Advisors in Lutherville, Maryland; Morgan Stanley DW in Purchase, New York; Smith Barney in New York, New York; and Merrill Lynch. He is a registered broker and investment adviser with three US states and territories: the District of Columbia, Maryland, and Pennsylvania.
According to his BrokerCheck report, Charles Laubach has received four customer complaints and was discharged from both Chapin Davis and Ameriprise Financial Services.
In March 2016, Charles Laubach was terminated from Chapin Davis following allegations he failed to follow supervisory procedures and mismarked trade tickets.
In February 2015, Charles Laubach was terminated from Chapin Davis following allegations he mismarked trade tickets and violated company policy related to the firm’s solicitation of equity securities.
In 2012, a customer alleged that Charles Laubach, while employed at Wells Fargo Advisors, executed unauthorized trades. The complaint settled in 2013 for $20,000.
In 2005, a customer alleged that Charles Laubach, while employed at Morgan Stanley, made unsuitable investment recommendations, churned her account, and misappropriated funds. The complaint settled in 2007 for $32,500.
In 1994, a customer alleged that Charles Laubach, while employed at Smith Barney, executed unauthorized trades and recommended unsuitable investments. The complaint settled for $60,000.
In 1991, a customer alleged that Charles Laubach misrepresented and recommended unsuitable investments. The complaint settled in 1992 for $22,500.
If you have lost money investing with Charles Laubach, 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: Fitapelli Kurta only gets paid if and when you collect funds. 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.