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.
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