Category Archives: Capitol Securities Management

Richard Ragold-Capitol Securities Management Broker-Discloses Customer Disputes-Florsham Park, NJ

March 2019 – Florsham Park, NJ

According to publicly available records Richard Thomas Ragold   (CRD#1808168) ,  a  stockbroker who is currently registered with Capitol Securities Management, Inc.,  disclose 1 settled customer dispute and 1 pending customer dispute.

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 March  2001,  a Josephthal & Co., Inc. customer filed case 01-042872 alleging churning, unauthorized and unsuitable trading. The case settled for $280,000 with $140,000 contributed personally by Ragold .

In December 2018, a customer of Capitol Securities Management, Inc., filed FINRA case #18-04427 alleging that Ragold recommended investments unsuitable for their investment portfolio and is seeking damages of $500,000.   The case is still pending.

Ragold has been employed with Capitol Securities Management, Inc.  since April of 2007.   Ragold discloses business affiliations with Sanford Insurance Group in Upper Monteclaire, NJ and Crump Insurance in Roseland, NJ.

If you have questions about an investment account handled by Richard Ragold,  contact us for a no charge consultation to learn about your legal 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

Ian Greenblatt-Capitol Securities Management Broker-Discloses Regulatory Suspension and Settlement of Customer Dispute-Melville, NY

December 2018-Melville, New York According to publicly available records   Ian Greenblatt (aka Eric Green)  , a  stockbroker who is currently registered with Capitol Securities Management Inc.  disclose a recent regulatory suspension & fine and settlement of two customer complaints.

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 10/2018 Greenblatt was suspended for 30 days and fined $10,000 by FINRA to resolve allegations that he settled a complaint with a customer who had lost over $170,000 without the permission or knowledge of his employing firm. According to FINRA’s allegations, Greenblatt did not advise his firm of the customer’s dissatisfaction and instead wrote gave the customer’s son a personal check for $46,000 along with $4,000 in cash. He also promised to attempt to generate trading profits to recoup the losses. In 9/2018 a customer of Capitol Securities Management was paid $183,000 to resolve allegations that Greenblatt had made unsuitable recommendations, committed elder abuse and breached  his fiduciary duty. Greenblatt contributed $93,600 personally to the settlement.

If you have losses in an account in an account handled by Ian Greenblatt (also known as Eric Green) , contact us for a no charge consultation 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

Investigation of Capitol Securites Broker Ian Greenblatt (aka Eric Green )-Melville, NY

April 2017- Melville, New York

The FINRA records of  Ian Greenblatt (aka Eric Green ) ,  a  stockbroker who is  employed by  Capitol Securities Management  disclose 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 a prior matter, NASD case #98-03023, a customer  alleged damages of $125,000 . That case was settled for $62,500.

Ian Greenblatt ( Eric Green )  has been employed by Capitol Securities Management since 10/2012. His prior employment includes Capital Securities & Assoc. , Westrock Advisors and Weatherly Securities. Greenblatt also discloses a business relationship with Waterview Business Partners in Melville, NY.

We are investigating Ian Greenblatt ( Eric Green ) on behalf of an elderly retiree who alleges that his account was unsuitably day traded.

If you have losses in an account in an account handled by Ian Greenblatt ( Eric Green )  , contact us to discuss how you may be able to recover damages for those losses.

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

Steve D. Heath-Former LPL Financial Broker-Discloses Termination From Employment

July 2016-Newport News, VA

The FINRA records of Steve D. Heath ,  a  stock broker who is currently  employed  by Capitol Securities Management  , disclose 2 terminations and one final financial event.

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.

Heath discloses that in August 2014 he was discharged by Stratos Wealth Partners and LPL Financial .

Stratos Wealth Partners made the following allegation in connection with the discharge: “Termed by broker dealer-violation of LPL firm policies regarding mutual fund trading and discretionary trading in brokerage accounts”.

LPL Financial made the following allegation in connection with the termination: “Violation of firm policies regarding mutual fund trading and discretionary trading in brokerage accounts.”

Heath has been employed by Capitol Securities Management since 10/2014. Prior to that he was employed by LPL Financial from 4/2008-9/2014.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Andrew B. Kramer-Former Capitol Securities Management Broker-Discloses Customer Dispute

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870