Category Archives: Crown Capital Securities

Martin D. Batstone-Former Newbridge Securities Broker- Discloses 2 Regulatory Events and 6 Customer Disputes-San Diego, CA

January 2020 – San Diego, CA

The FINRA records of of Martin David Batstone  , a suspended stockbroker who was last employed by  Newbridge Securities, disclose 2 regulatory events and  6 prior 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 10/2019, FINRA instituted a regulatory proceeding alleging that Batstone willingly violated section 10(b) of the Securities Exchange Act of 1934 and rule 10b-5(a)-(c), and violated FINRA Rule 2010 when he transferred  his member firm customers’ funds to his personal bank account and used the funds for his personal expenditures.    FINRA also alleges that Batstone solicited the firm’s customer to invest a total of $75,000 in a small limited liability company purporting to provide brand management and product placement services for athletes and entertainers.   In soliciting the investments, Batstone informed customers that the company would use their funds for general operating expenses, including marketing and distribution of an energy drink.    Contrary to these representations,   This case is pending.

In 9/2015, a customer of Independent Financial Group, filed a case in San Diego County Superior Court alleging that Batstone breached  his duty by failing to affirm client’s beneficiary designations in writing resulting in the former spouse being unable to collect distributions upon client’s death, contrary to client’s instructions to registrant.    The case was settled for $55,000.

In April of 2007, a customer of Ameriprise Financial Services, Inc., alleged he instructed Batstone to purchase an annuity.   Client received funds from the annuity purchase, but lost interest in the year because it was not invested.    The case settled for $5,400.

Batstone was employed by Newbridge Securities Corporation from 11/2018 until 5/2019, He was with Crown Capital Securities from 4/2017 until 8/2018 and with Independent Financial Group from 1/2009 until 4/2017.

If you have problems in an account  handled by Martin David Batstone  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jack G. Merritt-Crown Capital Broker-Discloses Customer Dispute Over Oil & Gas Investments

August 2019-Huntington Beach, CA

According to FINRA records,  Jack G. Merritt  a stockbroker  who works  for Crown Capital Securities  discloses  the settlement of a  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  FINRA Case 15-02843, a customer alleged damages of $80,000 and alleges breach of fiduciary duty, violation of NASD and FINRA Rules, breach of contract, negligence and fraud in connection with the purchase of five private placement oil and gas investments. That case was settled for $19,000.

Merritt has been employed by Crown Capital Securities since 2004.

If you have questions about an account handled  by Jack G. Merritt, 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

David Duhn-Former Crown Capital Broker- Investigation

 

Rex Securities Law is investigating former registered representative David A. Duhn of Staples, Minnesota, on behalf of a retired Minnesota investor who was sold a very large concentration of Wells REIT II (now known as Columbia Property Trust).

Wells REIT II is a non publicly traded real estate trust that was initially sold for $10 per share. Our client was not advised that the investment was illiquid. In October 2013 in an initial public offering shares of Wells REIT II were  converted to Columbia Property Trust in a reverse four-to-one split. Investors in Wells REIT II have suffered losses of up to 40% of the original purchase price.
FINRA records indicate that Duhn was registered with Crown Capital Securities from 10/2003-12/2010. As of March 2014, Duhn is not currently registered with any FINRA broker dealer.
Non publicly traded REITs were sold to investors with the promise of regular and dependable distributions and with representations that the principal value of the investment was protected.
If you have information related to this investigation, we would appreciate hearing from you. If you suffered losses as a result of investing David Duhn, you may be able to recover all or a part of those losses 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