Were You a Victim of Former Campfire Capital Broker Sean McDevitt?

Campfire Capital

Campfire CapitalThere are options for customers of former Campfire Capital broker Sean McDevitt (CRD# 2786216) who were victims of investment fraud. He has been registered with Campfire Capital in Chappaqua, New York from 2019 to 2021. Previously, he was registered with Woodrock Securities, L.P. in Houston, Texas from 2015 to 2016. 

In February 2021, FINRA sanctioned Sean McDevitt to pay a $10,000 civil and administrative penalty and fine and suspended him for six months, regarding the following FINRA findings: “Without admitting or denying the findings, McDevitt consented to the sanctions and to the entry of findings that he engaged in private securities transactions totaling $600,000 that were not disclosed or approved in writing by his member firm. The findings stated that McDevitt solicited investors to purchase promissory notes in a software platform company for which he served as chairman and CEO. The investors were not customers of McDevitt’s firm. McDevitt’s failure is aggravated by the fact that he did not disclose he was engaged in private securities transactions on attestations he provided to his firm.”

Sean McDevitt Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

January 2022. “Claimant alleges McDevitt solicited an investment in a third party entity. Claimant alleges that he wired funds for the investment, but that the funds were not invested as stated and may have been misappropriated.” The customer is seeking $500,000 in damages and the case is currently pending. 

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, Campfire Capital may be liable for investment or other losses suffered by Sean McDevitt’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.