Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 13, 2017 indicate that Ohio-based Money Concepts Capital Corporation broker/adviser Craig Sutherland has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sutherland (CRD# 2001873).
Craig Sutherland has spent 23 years in the securities industry and has been registered with Money Concepts Capital Corporation in Columbus, Ohio since 1994. Previous registrations include Smith Barney Shearson in New York, New York and Lehman Brothers in New York, New York. He is a registered broker and investment adviser with six US states and territories: Florida, Maryland, Missouri, Nevada, Ohio and Texas.
According to his BrokerCheck report, Craig Sutherland has received four customer complaints and one pending customer complaint.
In 2016 a customer alleged Craig Sutherland, while employed at Money Concepts Capital Corporation, purchased investments in Tanzanian Royalty Corporation that lost value. The complaint settled for $14,500.
In 2016 a customer alleged Craig Sutherland, while employed at Money Concepts Capital Corporation, acted negligently, made unsuitable recommendations, breached his fiduciary duty, breached contract, and over-concentrated the account in equities. The customer is seeking $300,000 in damages in the pending complaint.
In 2014 a customer alleged he, while employed at Money Concepts Capital Corporation, misrepresented material facts, breached his fiduciary duty, acted negligently, failed to supervise, violated FINRA rules, and recommended unsuitable investments in a John Hancock variable annuity, NGAS oil and gas products, an American Realty Capital Healthcare real estate investment trust, and Tanzanian Royalty Exploration Company. The complaint settled in 2015 for $135,000.
In 2012 a customer alleged he, while employed at Money Concepts Capital Corporation, executed “unauthorized and unsuitable investments involving numerous purchases of Tanzanian Royalty Corporation” and “failed to advise… about mutual fund breakpoints and front-end loads,” resulting in excessive commissions. The complaint resulted in an award to the customer of $10,472.
In 2010 a customer alleged he, while employed at Money Concepts Capital Corporation, recommended unsuitable investments, acted negligently, executed unauthorized trades, breached contract, and breached his fiduciary duty. The complaint settled for $63,000.
If you or someone you know has complaints regarding Craig Sutherland, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.