Category Archives: American Capital Partners

Craig D. Dima-Former K.C. Ward Financial Broker-Barred From Securities Industry

June 2017- Ronkonkoma, NY

The FINRA records of Craig D. Dima ,  a former  stock broker who was last employed by K. C. Ward Financial  disclose 3 prior regulatory events,  5 prior customer disputes, 2 terminations from employment and a currently outstanding judgement/lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In May 2016, Dima disclosed that he had received notice from FINRA that he is the subject of investigation #20150464407. In 3/2017 Dima was permanently barred from the securities industry to resolve allegations that he made 41 unauthorized sales of company stock in the account of a senior customer of K.C. Ward Financial. To conceal the unauthorized trading FINRA found that Dima made fraudulent misrepresentations to the customer including telling him that the sales were the result of a computer error. As a result of Dima’s unsuitable recommendations, FINRA found that the customer paid transaction costs of about $376,000, was deprived of $127,000 in dividend payments and had trading losses of $72,000.

In FINRA Case#14-02955 , a customer of K.C. Ward Financial alleged damages of $100,000 for account losses from 2012-May 2014. The customer claims Dima pursued investment strategies that were not in line with the customer’s needs. That case settled for $30,000.

Dima  discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $57,264.

Dima was employed by  K.C. Ward Financial  from 9/2009-2/2017. Prior to that he was employed by American Capital Partners from 11/2008-10/2009.

If you have losses in an account handled by Craig D. Dima, call to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Timothy Longo-Former Trident Partners Broker-Named in Customer Disputes

May 2016-Hauppauge, New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA recordsTimothy V. Longo has been registered with American Capital Partners  since 8/2015. Prior to that he was registered with Trident Partners, Ltd. from 1/2006-8/2015.

FINRA records disclose that Longo is currently named in two customer disputes both of which involve exchange traded note sales to customers while he was registered with Trident Partners. In both cases the customers allege that the sale of the exchange traded notes was unsuitable in regards to the customer’s risk tolerance and investment objectives.

If you have losses in an account handled by Timothy V. Longo contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

South Carolina Regulators Seek to Take Securities License of Mark Hotton

June 23, 2015- Columbia, South Carolina

The Securities Commissioner for South Carolina filed a Rule to Show Cause seeking to permanently ban Mark Christopher Hotton from the securities industry.

In 2013 Hotton was permanently barred from the securities industry by FINRA in FINRA Disciplinary Proceeding 2009017408101, which alleged that Hotton improperly used and converted nearly $6 million of customer funds while employed by Oppenheimer & Co. , Inc. The FINRA proceeding also alleges that Hotton forged and falsified numerous company documents to perpetuate is scheme, made unsuitable recommendations to customers and churned accounts.

Hotton has numerous customer complaints seeking damages on his official FINRA records, including an arbitration award of $2.35 million in damages to one customer.

Hotton was most recently registered as follows:                                2/2012-5/2012

  • Alexander Capital LP                                         9/2010-3/2012
  • American Capital Partners                            1/2009-8/2010
  • Oppenheimer & Co.                                           11/2005-2/2009

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870