Erez Law is currently investigating former Alexander Capital, L.P. broker Jody Thompson (CRD# 2391190) regarding private equities investment losses. Thompson has been registered with Alexander Capital, L.P. in New York, New York from 2015 to 2019.
In March 2020, FINRA suspended Thompson for five months after she,”consented to the sanction and to the entry of findings that he recommended several non-public offerings without having a reasonable basis to believe those transactions were suitable. The findings stated that due to Thompson’s failure to conduct reasonable diligence, there were risks and costs of the investments that he did not understand. The findings also stated that Thompson exercised discretion without written authorization in customer accounts.”
Thompson has been the subject of three customer complaints between 2009 and 2020, according to his CRD report. The most recent complaint is regarding:
April 2020. “POA alleges RR exerted undue influence over customer to influence a bequest in her Trust for RR’s children. Date of activity is unknown.” The customer is seeking $1.1 million in damages and the case is currently pending. The complaint was regarding private equities.
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, Alexander Capital, L.P. may be liable for investment or other losses suffered by Thompson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.