March 2019- Bellefontaine, OH
The FINRA records of Craig A. Sutherland , a stock broker currently employed by Money Concepts Capital Corp , disclose 2 pending regulatory matters, one prior regulatory matter, 8 prior final customer disputes and 4 pending 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 12/2017 FINRA fined Sutherland $5,000 and suspended him for 15 business days to resolve allegations that he utilized his personal email account for business related communications and sent emails that contained inaccurate, exaggerated, unwarranted or promissory representations pertaining to a security.
In 6/2018, Ohio securities regulators filed a complaint against Sutherland in connection with exaggerated statements made through emails about TRX. In 7/2017 Ohio securities regulators filed a complaint against Sutherland alleging that he place Ohio residents in on traded real estate investment trusts (REITs) at concentration levels that were unsuitable. Both matters are currently pending.
In FINRA arbitration 16-0870 , a customer of Money Concepts sought damages of $300,000 and alleged that her account was over-concentrated in equities and that the investments were unsuitable and misrepresented to her. That case settled for $130,000.
In FINRA Case #14-1489, a Money Concepts customer alleged damages of $500,000 claiming that investments in a John Hancock Annuity, American Realty Capital Healthcare REIT and Tanzanian Royalty Exploration Co. (TRX) were unsuitable investments. That case was settled for $135,000.
Four FINRA arbitrations are currently pending by Money Concepts customer. These customers seek damages which total more than $1 million and allege unsuitable investments, failure to conduct due diligence and failure to supervise.
Sutherland has been employed by Money Capital Concepts Corp. since 5/1994. He discloses a business affiliation with Conceptual Solutions, Ltd. of Columbus, Ohio.
If you have losses in an account handled by Craig A. Sutherland , you may be able to collect damages from his employer. Call for a no charge consultation to learn more.
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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