Brokerage Firm Alert: Our Investment Fraud Attorneys Are Investigating Capital Investment Group, Inc.
Did You Lose Money Because of Capital Investment Group? Are You Aware of Complaints and Fines Against Capital Investment Group?
Updated on: December 21, 2023
Capital Investment Group, Inc. (“Capital Investment Group”) (CRD # 14752) is a broker-dealer and has been the subject of at least seven (7) complaints filed by regulatory organizations like FINRA and many more by investors like yourself. At Patil Law, we have investigated Capital Investment Group, its regulatory complaints and fines, and its customer complaints. If you’ve invested your hard-earned money with Capital Investment Group, you should be very concerned about any regulatory actions, regulatory fines, or customer complaints against your brokerage firm.
Our team of attorneys specialize in representing investors with claims of fraud, negligence, and breach of fiduciary duty against this organization and its financial advisors. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
If you believe you have a claim against Capital Investment Group, you should strongly consider hiring an investment fraud lawyer and not wait until it’s too late to file a claim. Reach out to our legal team via the secure and private online form or call our firm directly toll-free at 1-800-950-6553 for a free consultation so that we can discuss your case and see what we can do to help you get the compensation you need and deserve. We do not charge anything for the ability to discuss your matter and evaluate your potential case.
Jump to Topic
Do I Have an Investment Fraud Case Against Capital Investment Group?
Who is Capital Investment Group?
How To File a Claim Against Capital Investment Group To Get Your Money Back
Client Complaints – Is Your Financial Advisor on This List?
Did Misconduct By a Capital Investment Group Advisor Impact Your Investments? What Can You Do?
Capital Investment Group Has Many Regulatory Complaints and Fines
A Closer Look Into Capital Investment Group’s Regulatory Issues
Next Steps and Free Consultation with Our Legal Team
Do I Have an Investment Fraud Case Against Capital Investment Group?
✅ YES, if you’ve experienced financial losses due to the actions or misconduct of Capital Investment Group or its staff, you have the right to pursue legal action against them. You can sue Capital Investment Group but the odds are you signed away your right to sue in court and agreed to resolve your dispute in a FINRA arbitration proceeding.
FINRA arbitration proceedings are generally private proceedings that can last anywhere from a few months to approximately a year. Our attorneys have personal experience in representing clients in FINRA arbitration proceedings and know very well how you can not only sue Capital Investment Group in FINRA arbitration proceedings, but WIN that arbitration. The easiest way to know if you have a case against Capital Investment Group is to reach out to our legal team at Patil Law via the secure and private online form or call us toll-free at 1-800-950-6553 for a complimentary consultation.
Who is Capital Investment Group?
Capital Investment Group (CRD # 14752) is a registered broker-dealer. It operates as a full-service independent broker-dealer, providing a range of financial products and services to individual investors and financial advisors. As a registered broker-dealer, Capital Investment Group is subject to regulations and oversight by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
It is required to comply with industry standards and regulations to ensure the protection of its clients’ interests. A failure to comply with industry standards by either its brokers or the firm itself can result in disciplinary actions, fines, or other penalties imposed by regulatory authorities.
How To File A Claim Against Capital Investment Group To Get Your Money Back
If you have questions about Capital Investment Group, its advisors, or the management or performance of your accounts, please contact our legal team at Patil Law via the secure and private online form or call us toll-free at 1-800-950-6553 for a free and complimentary initial consultation. Our attorneys have experience handling well over a thousand securities arbitration claims, and our law firm has successfully recovered over $25 million for our clients to date.
We understand the stress that comes along with realizing that your financial advisor or brokerage firm has made poor decisions with your money. We can help you, as we have helped hundreds of other clients in the past.
Client Complaints – Is Your Financial Advisor on This List?
There have been scores of customer complaints filed against Capital Investment Group stockbrokers and investment advisors over the years. Many of these complaints deal with financial advisor misconduct, poor or unsuitable investment recommendations, failure by these brokerage firms to supervise their employees (the financial advisors), and general fraud against consumers. We have launched many investigations of current and former Capital Investment Group advisors:
- James Flynn currently barred (previously with Capital Investment Group and Voya Financial Advisors)
- David Wall currently unaffiliated (previously with Capital Investment Group and Voya Financial Advisors)
Did Misconduct By a Capital Investment Group Advisor Impact Your Investments?
If you have lost money investing with any of these Capital Investment Group advisors or others within this brokerage firm, it’s important that you reach out to an investment loss attorney quickly because the statutes of limitations can bar your claims. Call our legal team at Patil Law toll-free at 1-800-950-6553 or reach out to us via the secure and private online form for a free initial consultation.
Capital Investment Group Has Many Regulatory Complaints and Fines
There have been approximately seven (7) state and self-regulatory body disclosure events against Capital Investment Group; that is, final and formal proceedings initiated by a regulatory authority like the U.S. Securities and Exchange Commission (SEC) or self-regulatory body like the Financial Industry Regulatory Authority (FINRA) for a violation(s) of investment-related rules or regulations. In addition, there have been countless customer complaints filed against Capital Investment Group for misconduct by its securities sales and investment advisory representatives that are not reported by the firm on its Central Depository Record.
Our legal team at Patil Law has reported and written about these regulatory problems and customer complaints over many years. A few of the notable FINRA Sanctions for its Supervisory Failures are below.
A Closer Look Into Capital Investment Group’s Regulatory Issues
Capital Investment Group has been repeatedly censured, warned, and fined for its own misconduct and failure to supervise its army of financial advisors. Details of seven (7) regulatory issues are listed below:
Fined $50,000 for Alleged Failure to Inform Investors About Issuers’ Failure to Submit Necessary Documents to the Securities and Exchange Commission (AWC No. 2019061213101)
Overview from FINRA’s Disciplinary Office:
Between May 4, 2018, and June 29, 2018, CIG negligently failed to tell nine investors in two offerings related to GPB Capital Holdings, LLC (GPB Capital) that the issuers failed to timely make required filings with the Securities and Exchange Commission, including filing audited financial statements. By virtue of the foregoing, CIG violated FINRA Rule 2010.
Fined $12,500 for Alleged Supervisory Failures In Sending Required Reportable Order Events to the Order Audit Trail System on Several Business Days (Docket/Case Number: 2007009929801)
Overview from FINRA’s Disciplinary Office:
NASD Rules 2110, 3010, 6955(a) – Capital Investment Group, Inc. failed to transmit all of its Reportable Order Events (ROEs) to the Order Audit Trail System (OATS) on numerous business days that it was required to transmit. The firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with applicable securities laws, regulations and NASD rules concerning OATS reporting requirements.
Fined $12,500 for Alleged Supervisory Failures In Complying With Order Audit Trail System (“OATS”) Reporting Requirements (AWC No. 2018056443801)
Overview from FINRA’s Disciplinary Office:
In connection with matter 2007009929S, the Department of Market Regulation staff (“staff”) reviewed the firm’s compliance with Order Audit Trail System (“OATS”) reporting requirements during the period July 10, 2006 through September 16, 2007 (the “review period”).
Fined $500,000 for Alleged Supervisory Failures In Supervision (Docket/Case Number: 2012-0297)
Overview from FINRA’s Disciplinary Office:
Failure to reasonably supervise.
Fined for Alleged Permanent Insurance License Denial Due To Incompetence And Untrustworthiness (Docket/Case Number: 19-C42945)
Overview from FINRA’s Disciplinary Office:
Denial of application for a permanent individual intermediary agent’s insurance license, based on factors of competence and trustworthiness.
Fined $50,000 for Alleged Supervisory Failures In Overseeing Outside Business Activities Of Its Agent (Docket/Case Number: E-2017-0088)
Overview from FINRA’s Disciplinary Office:
Capital Investment Group, Inc. failed to reasonably supervise the outside business activities of its agent Robert Graham, causing harm to Massachusetts investors.
Fined for Alleged Supervisory Failures In Keeping A Registered Agent In South Dakota
Overview from FINRA’s Disciplinary Office:
South Dakota requires at least one agent to be registered at all times in order to keep effective the registration of a broker-dealer. That capital investment group failed to keep a registered agent in South Dakota.
Fined for Alleged Supervisory Failures In Overseeing a Registered Representative
Overview from FINRA’s Disciplinary Office:
On December 14, 1989, the State of South Carolina ordered Carroll E. Minick, a registered representative with Capital Investment Group, Inc., to cease and desist from offering any securities to residents in South Carolina, due to not being registered as an agent. When Mr. Minick was hired by the firm, he was “grandfathered” under the old state rules, but needed to take the series 63 when he re-registered with the Capital Investment Group. As this was the case, he promptly took the series 63 on January 18, 1990 and the State of South Carolina lifted the cease and desist order on January 23, 1990.
Next Steps and Free Consultation with Our Legal Team
If you have questions about Capital Investment Group, its advisors, or the management or performance of your accounts, please contact our team at Patil Law toll-free at 1-800-950-6553 for a free initial consultation. Or please reach out to us through our secure and private contact form and we will call you back quickly to discuss your case.
Our attorneys have experience handling well over a thousand securities arbitration claims, and our law firm has successfully recovered over $25 million for our clients to date. We understand the stress that comes along with realizing that your financial advisor or brokerage firm has made poor decisions with your money.
We can help you, as we have helped hundreds of other clients in the past. We are happy to serve you as well as to provide you with a custom report of your advisor’s and your brokerage firm’s complaints.