Erez Law is currently investigating former Craig Scott Capital, LLC broker John Stapleton (CRD# 2791194) regarding unsuitable investment recommendations. He has been registered with Spartan Capital Securities, LLC in Garden City, New York since 2015. Previously, he was registered with Craig Scott Capital, LLC in Uniondale, New York from 2013 to 2015.
John Stapleton Customer Complaints
He has been the subject of five customer complaints between 2002 and 2021, according to his CRD report. The most recent complaints are regarding:
December 2021. “No Time Frame Specified. Alleged Allegations of Unsuitable Investments, Breach of Fiduciary Duty, Breach of Contractual Requirements.” The customer is seeking $350,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and took place while he was registered with JHS Capital, Rockwell Global Capital, and Craig Scott Capital, LLC.
January 2020. “Time Frame: No time frame mentioned/associated with individual claimant in Statement of Claim (SOC). Allegations: Alleging misrepresentation and unsuitable recommendations.” The customer sought $25,445 in damages and the case was settled for $10,000. The complaint took place while he was registered with Spartan Capital Securities, LLC.
January 2017. “Claimant alleges unsuitability.” The customer sought $48,223.26 in damages and the case was settled for $20,600. The complaint was regarding common and preferred stocks and took place while he was registered with Craig Scott Capital, LLC and Spartan Capital Securities, LLC.
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, Craig Scott Capital, LLC may be liable for investment or other losses suffered by John Stapleton’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.