Advisor Alert: Our Attorneys Are Investigating Charles Mitchell McInnis For Investment Fraud
Did You Lose Money Because of Charles McInnis?
Filed: October 26, 2023
Charles McInnis has been the subject of three (3) regulatory events, one (1) termination event, and three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Charles Mitchell McInnis.
Who Is Charles Mitchell McInnis?
- Advisor Name: Charles Mitchell McInnis
- Aliases: Charles McInnis
- CRD: 1321666
- Location: Miami, Florida
- Current Employer: Currently Not Registered
- Previous Firms: Client One Securities LLC, Cambridge Investment Research, Inc., and CP Capital Securities
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 3
- Number of Known Termination Events: 1
- Can Charles McInnis Be Sued: Yes, in Private Arbitration
- Can Charles McInnis’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $22,500
If you have suffered investment losses by Charles McInnis, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Charles McInnis For Broker Misconduct
As of this publication date, Charles McInnis has been the subject of 3 regulatory events, 1 termination event, and 3 customer disputes. Let’s review them below.
In April 2016, FINRA initiated a regulatory action against or in reference to Charles McInnis. Without admitting or denying the findings, McInnis consented to the sanction and to the entry of findings that in his capacity as a supervisory principal of his member firm, he failed to understand the specific requirements of two exemptions from registration applicable for a minimum contingency private placement offering of senior secured notes issued by a Columbian energy company that his firm acted as the co-placement agent for. The findings stated that McInnis also failed to ensure that firm customer purchases of notes complied with the requirements of either of the exemptions. Additionally, McInnis failed to monitor investments in the offering to determine if the $5,000,000 minimum contingency was met prior to proceeds being transmitted to the issuer.
In March 2016, Cambridge Investment Research permitted Charles McInnis to resign due to ongoing FINRA matters related to supervisory events which occurred at the previous firm.
In May 2001, Fluoride Division of Securities initiated a regulatory action against or in reference to Charles McInnis for failing to properly supervise.
In June 1997, a NASD arbitration was filed against or in reference to Charles McInnis by a customer of Paragon Capital Corporation with allegations including suitability, churning, breach of fiduciary duty, and account-related negligence. Per the customer, he/she lost over $500,000 because of Mr. McInnis’s actions. On October 7, 1999, Mr. McInnis settled the claim for $9,500, and some or all of this amount may have been paid by Mr. McInnis’s employer and/or insurance carrier.
In March 1997, National Association of Securities Dealers, Inc. initiated a regulatory action against or in reference to Charles McInnis.
In January 1997, a NASD arbitration was filed against or in reference to Charles McInnis by a customer of The Partners Financial Group, Inc. with allegations including misrepresentation, breach of fiduciary duty, omission of facts, and suitability concerns. Per the customer, he/she lost over $73,000 because of Mr. McInnis’s actions. On October 9, 1998, Mr. McInnis settled the claim for $22,500, and some or all of this amount may have been paid by Mr. McInnis’s employer and/or insurance carrier.
In March 1995, a complaint was filed against or in reference to Charles McInnis by a customer of Paragon Capital Corporation with allegations including suitability, churning, breach of fiduciary duty, and account-related breach of contract. Per the customer, he/she lost over $50,000 because of Mr. McInnis’s actions. On January, 1996, Mr. McInnis settled the claim for $15,750, and some or all of this amount may have been paid by Mr. McInnis’s employer and/or insurance carrier.
How To File A Claim Against Charles McInnis (previously with Client One Securities LLC, Cambridge Investment Research, Inc., and CP Capital Securities) To Get Your Money Back.
If you have questions about Charles McInnis, Client One Securities LLC, Cambridge Investment Research, Inc., CP Capital Securities, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.