Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 12, 2018 indicate that Virginia and Maryland-based Capitol Securities Management broker/adviser Samuel Lam has been sanctioned by regulatory authorities and received customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lam (CRD# 3157188).
Samuel Lam has spent 18 years in the securities industry and has been registered with Capitol Securities Management in Reston, Virginia and Silver Spring, Maryland since 2016. Previous registrations include Wells Fargo Advisors in Rockville, Maryland (2009-2016); Citigroup Global Markets in Washington, DC (2007-2009); Citicorp Investment Services in Washington, DC (1999-2007); American Express Financial Services in Minneapolis, Minnesota (1999); and IDS Life Insurance Company in Minneapolis, Minnesota (1999). He has passed three securities industry examinations: Series 66 (Uniform Investment Adviser Law Examination), which he obtained on August 2, 2001; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 20, 1999; and Series 7 (General Securities Representative Examination), which he obtained on July 30, 1999. He is a registered broker and investment adviser with nine US states and territories: Alabama, California, Delaware, the District of Columbia, Florida, Maryland, New York, Texas, and Virginia.
According to his BrokerCheck report, Samuel Lam has received one regulatory sanction and two customer complaints, and was discharged from his former employer in connection to alleged rule violations.
In 2016 the Virginia State Corporation Commission placed Samuel Lam on a twelve-month period of heightened supervision in connection to unspecified allegations.
In 2016 he was terminated from his position at Wells Fargo Advisors in connection to allegations that “in an effort to obtain an established client’s year-end account statement from a mutual fund company,” he called the company and posed as the customer without her authorization.
In 2008 a customer filed a complaint against Samuel Lam, while he was employed at Citigroup Global Markets, in connection to the sale of an auction rate security prior to the breakdown of liquidity in the market for auction rate securities. The complaint settled with the firms repurchase of the securities at par value, for $2,525,000.
In 2008 a customer alleged Samuel Lam, while employed at Citigroup Markets, misrepresented and recommended unsuitable auction rate securities. The complaint settled with the firms repurchase of the securities at par value, for $250,000.
If you or someone you know has lost money investing with Samuel Lam, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.