Tag Archives: J.P. Turner complaint

SEC Shuts Down LottoNet Boiler Room-Pompano Beach, FL

March 2017

The U.S. Securities and Exchange Commission announced the filing of a complaint against Florida based LottoNet Operating Corp. , its CEO David Gray and Joseph A. Vitale, a sales agent for the company.

The SEC alleges that they misrepresented to investors how their money was to be used. According to the SEC about 35% of the money raised was paid to boiler room sales agents and LottoNet allegedly siphoned investor funds for personal spending on clothes, a wedding and strip clubs.

Investors were touted $8,500 monthly returns for a $25,000 investment. About $4.8 million was raised.

The SEC says that Vitale raised about $1.4 million from investors using the alias Donovan Kelly in an apparent attempt to conceal the fact that he had been permanently barred by FINRA. According to his FINRA record Vitale was permanently barred by FINRA in 10/2011. Vitale was last employed in the industry by J.P. Turner & Co. 

Link to SEC complaint.

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

Robert F. Stefanelli-Alexander Capital Broker-Discloses Customer Dispute Alleging High Pressure Sales

January 2017- New York

According to publicly available records Robert F. Stefanelli , (CRD# 2566917) ,  a  stockbroker who is currently employed by Alexander Capital disclose a currently 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 FINRA Case 16-3517, a customer alleges damages of $50,000 for high pressure sales and excessive margin use.

Stefanelli has been employed by Alexander Capital since 5/2012.  He was previously employed by Legend Securities and before that, J.P. Turner and Co. 

If you have questions about an account in an account handled by Robert F. Stefanelli , contact us to discuss 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

John D. Slipek-Alexander Capital Broker-Discloses Customer Dispute

January 2017- New York

According to publicly available records John D. Slipek , (CRD# 4274243) ,  a  stockbroker who is currently employed by Alexander Capital disclose a currently 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 FINRA Case 16-2665, a customer of Alexander Capital alleges damages of $38,084 for breach of fiduciary duty, unsuitable investments and unauthorized trades.

Slipek has been employed by Alexander Capital since 9/2012.  He was previously employed by J.P. Turner & Co from 1/2010-9/2012.

If you have questions about an account in an account handled by John O. Slipek, contact us to discuss 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

Andrew P. Murino-Alexander Capital Broker-Discloses Customer Dispute

January 2017- New York

According to publicly available records Andrew P. Murino , (CRD# 4162699) ,  a  stockbroker who is currently employed by Alexander Capital disclose a currently 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 FINRA Case 16-2665, a customer of Alexander Capital alleges damages of $38,084 for breach of fiduciary duty, unsuitable investments and unauthorized trades.

Murino has been employed by Alexander Capital since 9/2012.  He was previously employed by Legend Securities, Mercer Capital and J.P. Turner & Co.

If you have questions about an account in an account handled by Andrew P. Murino, contact us to discuss 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

Ty Bauer-Alexander Capital Broker-Discloses Customer Disputes-Oxford, MS

January 2017- Oxford, MS

According to publicly available records Ty Kevin Bauer , (CRD# 2150885) ,  a  stockbroker who is currently employed by Alexander Capital disclose 2 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 FINRA Case 13-3434, a customer of Bauer’s prior employers, J.P. Turner & Co. and Calton & Assoc, alleged damages of $200,000 for misrepresentations related to bond investments for the period of time October 2011 to the present. That case was settled for $18,000.

Bauer has been employed by Alexander Capital since 7/2016.  Bauer was previously employed by Coker & Palmer 1/2015-7/2016 and by J.P. Turner 11/2011-1/2015. Prior to that he was employed by Calton & Associates.

If you have questions about an account in an account handled by Ty K. Bauer, contact us to discuss 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