July 2016-Brooklyn, NY
The FINRA records of Andrew B. Kramer , a stock broker who is currently unlicensed and was most recently employed by Capitol Securities Management & Kramer Capital Management , disclose a prior regulatory event, 2 pending customer disputes 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 one of the currently pending matters, FINRA Case #15-0879, a customer of Capitol Securities Management and Northeast Securities alleges damages of $635,000 for fraud, misrepresentation, unsuitability, breach of fiduciary duty, breach of contract and failure to supervise in connection with investments in exchange traded funds (ETFs) and exchange traded notes (ETNs).
Kramer was employed by Capitol Securities Management from 9/2014-5/2016. Prior to that he was employed by Northeast Securities from 7/2010-9/2014.
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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