Did you lose money investing with John Stapleton (CRD# 2791194)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with John Stapleton. If you suffered losses investing with John Stapleton, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of June 29, 2020, John Stapleton’s FINRA BrokerCheck Report contains the following:
Disclosure Events
5 Customer Dispute(s)
1 Regulatory Event(s)
See FINRA Disciplinary Proceeding No. E9B2003033501, Order Accepting Offer of Settlement
1 Criminal Disclosure(s)
1 Financial Disclosure(s)
8 Judgment(s)/Lien(s)
Current and Previous Registrations
11/04/2015 – PRESENT SPARTAN CAPITAL SECURITIES, LLC (CRD#:146251) GARDEN CITY, NY
08/20/2013 – 12/04/2015 CRAIG SCOTT CAPITAL, LLC (CRD#:155924) UNIONDALE, NY
FINRA expelled the firm on 09/07/2017
05/21/2010 – 08/26/2013 ROCKWELL GLOBAL CAPITAL LLC (CRD#:142485) MELVILLE, NY
12/21/2005 – 05/21/2010 JHS CAPITAL ADVISORS, INC. (CRD#:112097) BETHPAGE, NY
09/12/2005 – 12/21/2005 GREAT EASTERN SECURITIES, INC. (CRD#:2061) NEW YORK, NY
11/29/2004 – 08/22/2005 GUNNALLEN FINANCIAL, INC (CRD#:17609) TAMPA, FL
01/27/2004 – 12/17/2004 LH ROSS & COMPANY, INC. (CRD#:37920) BOCA RATON, FL
FINRA expelled the firm on 03/17/2005
05/06/1997 – 01/29/2004 CONTINENTAL BROKER-DEALER CORP. (CRD#:14048) CARLE PLACE, NY
FINRA expelled the firm on 05/06/2004
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with John Stapleton and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.