December 2020– Bellefontaine, OH
The FINRA records of Craig A. Sutherland , a stock broker currently employed by Money Concepts Capital Corp , disclose prior regulatory matters and 10 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 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.
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.
In FINRA Case 18-575 a customer of Money Concepts Capital alleged that Sutherland misrepresented the risks in Tanzanian Royalty Exploration Corp , a private placement called NGAS Partners 2009-A and a gold fund which resulted in significant losses. In addition the Claimants alleged that Sutherland sold them which he allocated to cash, causing them significant losses. The FINRA arbitration panel awarded the Claimants compensatory damages, interes, attorney fees and costs of nearly $1 million.
In FINRA case 18-2229 a customer of Money Concepts Capital alleged unsuitable investments in real estate securities and annuities and was paid $401,200 to settle the case.
In FINRA case 18-696 another Sutherland customer was paid $600,000 to resolve claims for unsuitable real estate investments.
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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