Were you the victim of Capitol Securities Management, Inc. broker Ian Greenblatt (CRD# 2276966)? He has been registered with Capitol Securities Management, Inc. in Melville, New York, since 2012.
In September 2018, FINRA sanctioned him to pay a $10,000 civil and administrative penalty and suspended him for 30 days following allegations that he settled a customer complaint away from his member firm. According to BrokerCheck, “The findings stated that customers became dissatisfied with the performance of their brokerage account since their account had declined in value by over $170,000. One of these customers complained verbally to Greenblatt about his management of their brokerage account and the losses they incurred. Greenblatt did not report customer’s complaint to the firm. Greenblatt met with customers at their home to discuss their complaint. At that meeting, Greenblatt wrote a personal check in the amount of $46,000 payable to customers’ son who is not a customer of Greenblatt or the firm in settlement of customers’ complaint. Greenblatt also gave them $4,000 in cash at the meeting. During the meeting, Greenblatt, and customers agreed that Greenblatt would attempt to generate trading profits to recoup the losses suffered by customers in their brokerage account. Greenblatt was unable to recover the losses that customers had suffered, and customers filed an arbitration against Greenblatt.”
Ian Greenblatt Customer Complaints
He has been the subject of five customer complaints between 1998 and 2025, three of which were denied, according to his CRD report. The most recent complaint was regarding:
January 2025. “The client alleges that the advisor has been making excessive and high-risk trades in his account.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding stock losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Capitol Securities Management, Inc. may be liable for investment or other losses suffered by Ian Greenblatt’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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