Frank Capuano Suspended from Securities Industry – Goodman & Nekvasil P.A, May Recover Your Investment Losses
Goodman & Nekvasil P.A, May Recover Your Investment Losses - Frank Capuano Suspended from Securities Industry
Frank Capuano was suspended from the securities and investment banking industry for 1-year and fined $10,000 by the Financial Industry Regulatory Authority (FINRA) in April 2016. Frank Capuano worked for Royal Alliance Associates, Inc. from 1989 to 2015. Frank Capuano consented to findings that Frank Capuano engaged in undisclosed and unapproved private securities transactions. The findings stated that Frank Capuano offered and sold approximately $1.1 million in Woodbridge Mortgage Investment Fund notes to nine Royal Alliance Associates, Inc. customers, all of whom were Frank Capuano’s close friends and family, and purchased $55,000 of the notes for himself and his wife. The findings also stated that Frank Capuano received over $34,000 in commissions in connection with these transactions. The findings further stated that Frank Capuano did not seek or obtain approval from Frank Capuano’s firm before participating in these private securities transactions, nor did Frank Capuano disclose them to Royal Alliance Associates, Inc.
Our firm has been investigating Woodbridge for some time. Various states have brought enforcement actions against Woodbridge Mortgage Investment Funds 1, LLC, 2, LLC, 3, LLC AND 3A, LLC, alleging that these investments were sold in violation of state securities laws.
If you lost any money with Royal Alliance Associates, Inc. you may be able to recover your losses from Royal Alliance Associates, Inc. This is because Royal Alliance Associates, Inc. had a duty to supervise Frank Capuano.
Assuming you lost money on investments with Frank Capuano and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Royal Alliance Associates, Inc. concerning Frank Capuano’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Our firm has a unique, unparalleled track record. Kalju Nekvasil, Esq., has not lost a securities arbitration case in more than 13 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Royal Alliance Associates, Inc.
If you lost money on investments with Frank Capuano and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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