Erez Law is currently investigating Great Point Capital LLC broker Joseph Kocsis (CRD# 2423884) regarding client investment losses. He has been registered with Great Point Capital LLC in Chicago, Illinois, since 2019. He was registered with National Securities Corporation in New York, New York, from 2013 to 2019.
Joseph Kocsis Customer Complaints
He has been the subject of two customer complaints in 2023, according to his CRD report:
February 2023. “Claimants claim certain investments were unsuitable for them and that that risks of the investments were not revealed despite written disclosures. Claim also states a lack of supervision, and a failure to perform due diligence by broker dealer. Transactions at issue were Section 1031 Exchanges. Occurrences were in 2019 and 2020. Mr. Kocsis is alleged to have been the registered representative involved. He is not named as a respondent.” The case was settled for $582,723.97. The complaint took place while she was registered with Great Point Capital LLC.
February 2023. “The investments at issue were replacement property as part of a Section 1031 Exchange. Claimants allege they were not suitable for the investment, and that there was not a reasonable basis for the investment recommendation. Claimants allege omissions and misstatements if fact. They also allege misrepresentation, breach of contract and other claims. Occurrences were in 2019 and 2020. Although not named in this claim Mr. Kocsis is alleged to have involved in the occurrences.” The customer sought $250,000 in damages, and the case was settled for $70,000. The complaint took place while she was registered with Great Point Capital 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, Great Point Capital LLC may be liable for investment or other losses suffered by Joseph Kocsis’ 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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