Ex Capital Financial Services Inc. broker John Richard Carlson allegedly engaged in violation of Federal Securities Laws, violation of Minnesota Prevention of Consumer Fraud Act, violation of MN Act Preventing Deceptive Acts Against Senior Citizens, Common Law Fraud breach of fiduciary duty, negligence, negligent hiring, negligent supervision and breach of contract, according to a pending customer complaint investigated by securities lawyer Alan Rosca.
The aforementioned pending customer dispute was filed in October 2019 and has requested a damage amount of $150,000.00, FINRA notes.
Securities lawyer Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Carlsons’ alleged violations. Investors who believe they may have lost money in activity related to John Carlsons’ alleged violations are encouraged to contact securities attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
A second pending customer dispute alleges that Carlson purportedly engaged in breach of fiduciary duty, negligence and vicarious liability, FINRA details. Said pending complaint was filed in March 2020 and has requested a damage amount of $400,000, FINRA reports.
A third pending customer dispute alleges that Carlson allegedly engaged in fraud, breach of fiduciary duty, breach of contract and negligence, FINRA details. Said pending complaint was also filed in March 2020 and has requested a Damage Amount of $200,000, FINRA reports.
John Carlson Has 16 Additional Customer Disputes Between 2009 and 2015
John Carlson, according to BrokerCheck, has 16 additional customer disputes. A dispute filed in November 2009 alleges unsuitable investments and requested a damage amount of $2,050,000. This dispute settled for $20,000, FINRA reports.
A second dispute filed in the same month of 2009 alleges unsuitable investments and requested a damage amount of $5,197,000. This dispute settled for $64,240. Carlson had 12 disputes in 2010 alleging misrepresentation, failure to supervise, breach of fiduciary duty, untrue statements or omissions, unsuitable recommendations, negligence and fraud, FINRA reports.
In 2010 John Carlson filed for bankruptcy and the FINRA arbitration cases were stayed by the United States Bankruptcy Court, North Dakota. The debts were NOT discharged in this action, FINRA states.
Carlson had two customer disputes in 2011, both in April, for misrepresentation, improper recommendations, negligence and breach of contract. The damage amounts requested in these disputes were $585,000 and $330,000. They settled for $10, 208 and $4,463.17, FINRA reports.
Carlson is not currently registered as a broker, FINRA states.
Carlson has a customer dispute in 2015 for entities and individuals involved with Deutsche Bank Securities Inc. investments. The damage amount requested was $2,160,495.18. This was settled for $200,00, FINRA states.
Carlson has a pending customer dispute in March 2019 alleging investments purchased from March 2014 to September 2014 are illiquid and may have losses. Carlson is named along with all current and former officers of the company. The damage amount requests is $395.000. This customer dispute is still pending, FINRA states.
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.
Securities Lawyers Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and are currently investigating John Richard Carlson’s alleged violations. The firm takes most cases of this type on a contingency fee basis and advance 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.
Investors who believe they lost money as a result of John Richard Carlsons’ alleged violation of Federal Securities Law, violation of Minnesota Prevention of Consumer Fraud Act, violation of MN Act Preventing Deceptive Acts Against Senior Citizens, Common Law Fraud breach of fiduciary duty, negligence, negligent hiring, negligent supervision and breach of contract, may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
