Capitol Securities Management, Inc. Financial Advisor Teryl Trenchard Investigated for Securities Fraud
Posted on Saturday, January 6th, 2018 at 9:45 am
Erez Law is currently investigating Capitol Securities Management, Inc. financial advisor Teryl Trenchard (CRD# 2869321) regarding fraud and other securities violations. Trenchard was registered with Capitol Securities Management, Inc. in Reston, Virginia from 2009 to 2017, before he was terminated regarding allegations of “Under investigation for fraud.”
In March 2017, FINRA opened an investigation into Trenchard regarding fraud.
Trenchard has been the subject of four customer complaints between 2000 and 2017, one of which was closed without action, according to his CRD report:
September 2017. “Time frame: 2005 to March 15, 2017. Claimants allege RR engaged in misappropriation, forgery, fraud and unauthorized trading in unsuitable transactions.” The customer is seeking $1,800,000 in damages and the case is currently pending.
July 2017. “Time frame: 01/2003 – 05/2009; claimant alleges breach of fiduciary duty, breach of contract, conversion, unsuitable investment recommendations.” The customer is seeking $700,000 in damages and the case is currently pending.
November 2000. “Customer alleged two trades were made on 9/23/2000 which were not authorized. Customer did not make complaint until over one month had elapsed. Firm decided to settle without my input.” The case was settled for $27,000.
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, Capitol Securities Management, Inc. may be liable for investment or other losses suffered by Trenchard’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.