Goodman & Nekvasil P.A. May Recover Investor Losses – Alexander Capital, L.P. Censured and Ordered to Pay Disgorgement
Securities and Exchange Commission Censures and Orders Alexander Capital, L.P. to Pay Disgorgement
According to the SEC, Alexander Capital is a Delaware limited partnership with its main office in New York, New York and, from 2012 until 2014, had a branch office on Staten Island, New York.
According to the SEC, broker-dealers have a responsibility to supervise their employees through procedures and systems to implement the procedures that are reasonably designed to prevent and detect violations of the federal securities laws. The SEC claims that this is a key component of investor protection. In particular, according to the SEC, broker-dealers must have reasonable procedures and systems in place to guide supervisors on how to identify and address potential misconduct by its registered representatives (“RRs”) who sell securities to the public. In addition, according to the SEC, individual supervisors must follow firm supervisory procedures and reasonably respond to indications of potential violations by RRs. According to the SEC, Alexander Capital failed reasonably to supervise three registered representatives – referred to herein as RR1, RR2 and RR3 – with a view to prevent and detect their violations of the federal securities laws.
According to the SEC, from 2012 through 2014, Alexander Capital failed reasonably to implement certain policies and procedures and permitted a lax compliance environment in which these RRs were not reasonably monitored or disciplined, procedures were not followed, and indications of potential misconduct were not acted upon by the supervisors of the three RRs, Supervisor A and Supervisor B. As a result, according to the SEC, RR1, RR2 and RR3 violated the antifraud provisions of the federal securities laws in their handling of customer accounts without anyone at Alexander Capital preventing or detecting their violations.
Among other misconduct, according to the SEC, RR1, RR2 and RR3 made unsuitable investment recommendations to their customers, churned their customers’ accounts and engaged in unauthorized transactions.
Investors with Alexander Capital, L.P. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested with Alexander Capital, L.P., Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
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.
If you incurred investment losses with Alexander Capital, L.P. 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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