The Rosca Scarlato LLC law firm attorneys are investigating the circumstances related to a recent customer dispute alleging Cort Meinelschmidt (also known as Cort Frederick Meinelschmidt) breached his fiduciary duty in connection to an investment in Hark Rock 2014 Drilling Program, according to a complaint under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca and his colleagues have launched an investigation into recent allegations of misconduct involving Cort Meinelschmidt and his alleged selling of Hard Rock 2014 Drilling Program.
Concerned Cort Meinelschmidt investors may contact investor rights attorney Alan Rosca and his colleagues for a free, no-obligation case evaluation and discussion of potential options, or to provide any useful information, toll free at 888-998-0530, send an email to arosca@rscounsel.law, or complete the contact form on this webpage.
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Investment Adviser Cort Meinelschmidt Named in a Customer Compalint
According to a complaint filed in the United States District Court of Maryland, Northern Division, investment adviser and former broker Cort Meinelschmidt is named as defendant, alongside Sentinel Capital Solutions, Inc., Charles A. Knott, Jr., and Capital Investment Group, Inc.
Sentinel Capital Solutions, Inc. (“Sentinel”) is a registered investment adviser in Hagerstown, Maryland. The latest Form ADV filed by the company shows that Cort Meinelschmidt is the president and chief compliance officer of Sentinel Capital Solutions.
According to his IAPD report, Charles A. Knott Jr. is a previous investment adviser, employed with Sentinel between July 2013 and April 2017, when he was permitted to resign for alleged failure to follow internal firm policies and procedures.
Capital Investment Group is a Brokerage firm located in Raleigh, North Carolina, according to its Brokercheck Report.
In his complaint, the plaintiff alleges that Cort Meinelschmidt and Charles A. Knott Jr. were in breach of their fiduciary duty in connection to recommending and selling Hard Rock Partners 2014 Drilling Program investments. Hard Rock Partners 2014 Drilling Program was owned and operated by Hard Rock Exploration, Inc., a West Virginia Oil and Gas Company.
The plaintiff further alleges that defendants failed to investigate and discover that Hard Rock Exploration was allegedly in poor financial condition. Hard Rock Exploration failed in 2017 and thereafter began liquidating..
As of the date of this article, the dispute shows as pending and the customer is requesting $75,000 for the alleged damages.
Over $15,000 in Settlements Paid to Cort Frederick Meinelschmidt Investors Who Filed Claims for Investment-Related Disputes
In April 2019, a customer received a settlement to the tune of $11,000 on allegations of breach of fiduciary duty, violation of FINRA rules, breach of contract, negligence, and negligent supervision, in connection to a purchase of Hard Rock Partners 2012 Drilling Program, the Meinelschmidt’s Brokercheck page reports.
The customer filed the dispute in February 2019 seeking $55,00 for the alleged damages. The customer alleged they invested $30,000 in Hard Rock Partners in October 2012 while Meinelschmidt was registered with Capital Investment Group.
Additionally, another customer received a settlement in October 2011 to the tune of $5,604, alleging Cort Frederick Meinelschmidt failed to put money from an IRA annuity at Lincoln into an EJ retirement account. The customer further alleges the money was supposed to be rolled over.
Cort Meinelschmidt Has Been Registered with FINRA for 13 Years
Meinelschmidt joined the securities industry in 2004 according to his Brokercheck page.
He was most recently registered a broker with Capital Investment Group in Hagerstown, Maryland from April 2012 until January 2018. He was previously registered with the following firms located in Hagerstown, Maryland: WFG Investments (July 2011 – February 2012), LPL Financial LLC (May 2010 – July 2011), and Edward Jones (April 2004 – May 2010).
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Potential Options for Cort Meinelschmidt Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and is currently investigating conduct related to Cort Meinelschmidt’s alleged breach of fiduciary duty in connection to selling of Hard Rock Exploration investments.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Concerned Cort Meinelschmidt may contact attorney Alan Rosca and his colleagues for a free, no-obligation case evaluation and discussion of potential options, or to provide any useful information. Interested investors may call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
