Did you lose money investing with Great Point Capital LLC broker Peter Chernin (CRD# 6787497)? He has been registered with Quincy Wells Capital, LLC in Chicago, Illinois, since 2026. He was registered with Great Point Capital LLC in Chicago, Illinois, from 2018 to 2026, and Sandlapper Securities, LLC in Greenville, South Carolina, from 2017 to 2018.
Peter Chernin Customer Complaints
He has been the subject of three customer complaints between 2023 and 2026, according to his CRD report:
May 2026. “Claimant alleges unsuitable and negligent alternative investment recommendations by Respondent Great Point Capital, acting through its registered representative Peter Chernin. Claimant made his first initial investment with Peter Chernin in or around 2018. The alternative investments were purchased on October 14, 2021 and August 23, 2022. The allegations include a violation of Regulation Best Interest, unsuitability, failure to conduct reasonable due diligence, failure to supervise, material misrepresentations and omissions, breach of fiduciary duty, over-concentration and failure to diversity, violation of Federal and State Securities Laws, common law fraud, negligence and gross negligence.” The customer is seeking $815,678 in damages, and the case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Great Point Capital LLC.
February 2026. “Negligence, Breach of Fiduciary Responsibility.” The customer is seeking $1,000,000 in damages. The complaint was regarding direct investment losses, and it took place while he was registered with Great Point Capital LLC.
February 2023. “Claimants claim certain investments were unsuitable for them and 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. Chernin is alleged to have been the registered representative involved. He is not named as a respondent.” The case was settled for $637,500. The complaint was regarding 1031 Exchanges, and it took place while he 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 Peter Chernin’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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