Tag Archives: Euro Pacific Capital problem

Hemant Kathuria-Euro Pacific Capital Broker-Discloses Customer Arbitration Over Private Placement Investments-El Segundo, CA

May 2017- El Segundo, CA

The FINRA records of  Hemant Kathuria ,  a  stockbroker who is currently employed by  Euro Pacific Capital disclose 1 pending customer dispute and 3 prior final customer disputes.

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 currently pending FINRA arbitration 16-2859 a customer of Euro Pacific Capital alleges damages of $791,608 for negligence, suitability, intentional misrepresentations and omissions; fraud, control person liability, breach of fiduciary duty, failure to supervise, violations of the California Securities Act, and other claims between 1/2010-6/2014. The investment products complained of include mutual funds, oil and gas investments , promissory notes and private placements.

 

Hemant Kathuria has been employed by Euro Pacific Capital since 8/2007.

If you have questions about an account  handled by Hemant Kathuria call for a no charge consultation.

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

Rex Securities Law Investigating Minerva-Rockdale E&P IV

We are evaluating potential investor cases for persons who may have suffered losses on Minerva-Rockdale E&P IV.

The Minerva-Rockdale E&P IV, LLC,  private placement offering in March 2013, authorized the issuer Euro Pacific Capital to raise $17,365,000 for a pooled investment fund to invest in existing oil production in Texas. This investment is a private placement offering and therefore interests in this investment cannot be sold on any conventional market.

Stockbrokers are required to only make recommendations to investors that are suitable given age, health and level of financial sophistication. Private offerings in the energy sector such as this may not be suitable for retirees and those lacking financial sophistication.

Recently, the Manager of  a related fund, Minerva-Rockdale E&P III sent out a letter advising investors that they are still not receiving any revenue from the property. Investors were also advised in the letter that ” a few new developments also do not bode well for the longevity and financial health of our company”. See this for more details on Minerva-Rockdale E&P III

If you have losses on Minerva-Rockdale E&P III or IV, you may be able to recover losses through FINRA arbitration. Call to learn your options.

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

Minerva-Rockdale E&P III-How to Recover Investment Losses

Investors who have losses as a result of investing in Minerva-Rockdale E&P III may be able to recover some or all of their  losses through arbitration.

On May 16, 2016, the Manager of Minerva-Rockdale E&P III sent out a letter advising investors that they are still not receiving any revenue from the property. Investors were also advised in the letter that ” a few new developments also do not bode well for the longevity and financial health of our company”. Investors are further advised  of a split in management, a decline in production and a current cash balance that is  insufficient to pay for preparation of the 2015 tax return.

The Minerva-Rockdale E&P III, LLC,  private placement offering in May 2012, authorized the issuer Euro Pacific Capital to raise $14,200,000 for a pooled investment fund to invest in existing oil production in Texas. This investment is a private placement offering and therefore interests in this investment cannot be sold on any conventional market. While the recent letter indicates they are seeking a buyer, due to the low pressures and production decline coupled with the overall pricing issues faced by the energy sector, investors are not likely to receive any substantial portion of their original investment.

Stockbrokers are required to only make recommendations to investors that are suitable given age, health and level of financial sophistication. Private offerings in the energy sector such as this may not be suitable for retirees and those lacking financial sophistication.

If you have losses on Minerva-Rockdale E&P III, you may be able to recover losses through FINRA arbitration. Call to learn your options.

Losses on Minerva-Rockdale E&P IV? We are investigating potential investor claims. See this for details. 

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

John Catalfio-Euro Pacific Capital Broker-Named in Customer Dispute

April 7, 2016-Scottsdale, AZ

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.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Euro Pacific Capital stock broker John W. Catalfio report that he is named in a currently pending customer dispute. In FINRA Case 15-00721,  a customer alleges that Catalfio made unsuitable investments in penny stocks and foreign equity stocks and that the account was churned. Damages are alleged to be $600,000.

Catalfio has been employed by Euro Pacific Capital since 1/2004.

If you have losses in an account handled by John W. Catalfio  contact us to learn how you may be able to recover damages from his employer.

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

Neal Scott-Former Euro Pacific Capital Broker Named in Customer Arbitration

April 7, 2016-New York, NY

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.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of stockbroker Neal Scott report that he has recently been named in a customer dispute. In September 2015 a customer made a complaint alleging that while Scott was employed by Euro Pacific Capital he breached his fiduciary duty as well as FINRA conduct and suitability rules by failing to hedge positions and prevent a decline in the customer’s portfolio. Damages of $150,000 are alleged.

Scott’s FINRA record reports a prior arbitration of a customer dispute where the customer was awarded $84,100 and another customer dispute that was settled for $262,000.

The FINRA report discloses six outstanding liens against Scott, including five IRS liens.

Scott is currently employed by Meyers Associates. He was employed by Euro Pacific Capital from 11/ 2007-10/2015.

If you have losses in an account handled by Neal Scott   contact us to learn how you may be able to recover damages from his employer.

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

Neeraj Chaudhary- Former Euro Pacific Capital Broker Investigated

March 10, 2016

Rex Securities Law is investigating former Euro Pacific Capital, Inc. broker Neeraj R. Chaudhary on behalf of a former customer who alleges that he was sold investments, including private placements,  that were not suitable given the customer’s age, investment objectives and risk tolerance level.

The subject investments include:

  • Minerva-Rockdale E&P III
  • Minerva-Rockdale E&P IV

FINRA records report that Chaudhary was employed by Euro Pacific Capital from 6/2008-11/2014. Chaudhary is not currently registered.

According to the official FINRA records there is currently one customer dispute pending against Chaudhary. The claim alleges unsuitability relating to investments in private placements and does not specify the damages sought. FINRA records report 4 outstanding Internal Revenue Service tax liens in the amounts of $40,686,  $10,708, $79.181 and $1,100,000.

We are interested in hearing from individuals who may have information helpful to this investigation. If you have losses in an account handled by Neeraj Chaudhary, you may be able to recover damages from his former employer.

EURO PACIFIC CAPITAL SANCTIONED FOR FAILING TO REPORT CUSTOMER COMPLAINTS

Euro Pacific Capital has been a FINRA member since 1980  and is headquartered in Westport, CT. They have 8 branch  offices, including New York City, Boca Raton, FL, Scottsdale, AZ, Newport Beach, CA, El Segundo, CA, Santa Monica, CA,  and Los Angeles, CA,  employing about 82 registered representatives.

According to FINRA records,  Euro Pacific Capital has been named in 11 regulatory matters. In 2011, Euro Pacific Capital was censured and fined $150,000 for several deficiencies, including failing to timely report information related to 180 customer complaints. In 2014, Euro Pacific Capital was censured and fined $40,000 for failing to timely report information related to 94 customer complaints and for failing to have adequate procedures to report customer complaints.

Their president Peter Schiff has written a number of books, including:

  • The Real Crash
  • How an Economy Grows and Why it Crashes
  • Crash Proof: How to Profit from the Coming Economic Collapse
  • The Little Book of Bull Moves

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

Mark John Nuovo- Former Euro Pacific Capital Broker–Barred By FINRA-Ponzi Scheme

In November 2013, FINRA announced that Mark John Nuovo (CRD# 2010267) was barred from association with any FINRA member in any capacity, based on findings that he introduced customers to a promoter who sold securities offered by a company that purportedly sold and serviced medical insurance through membership organizations or other large groups.

The Securities and Exchange Commission has filed a complaint in the US District Court for the Northern District of Texas charging two company executives with fraud for operating a Ponzi scheme. Individuals Nuovo introduced to the promoter invested a total of $2.55 million in securities offered by the fraudulent company. Nuovo was paid about $107,500 for referring investors but did not disclose his compensation to investors. Nuovo misled potential investors by suggesting that he had personally invested between $300,000 and $1,000,0000 and that the success of the company would permit him to retire.
Nuovo failed to inform his activities to his firm and concealed the activity by using his personal email address and cell phone number and by falsely stating to his firm that he was not involved in any private securities transactions.
According to FINRA records, Nuovo was registered with the following firms:
  • Euro Pacific Capital  7/2008-1/2012
  • Uvest Financial Services 11/2007-4/2008
If you have questions about the way your brokerage account has been handled or think you may be a victim of securities fraud or negligence, call to discuss your legal rights with an experienced securities attorney.

 

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