Silver Law Group Investigating New York-based Active Capital Broker Casey Rodriguez After Suspension From FINRA
Casey T. Rodriguez
Silver Law Group is investigating former Farmingdale, New York-based Active Capital broker Casey T. Rodriguez, after customer allegations of misrepresentation, unsuitable recommendations and churning where received by FINRA. Later in 2017, he was suspended for his failure to respond to an official request for information.
According to FINRA’s BrokerCheck report on Rodriguez, a complaint was filed in December of 2015 alleging that during his time at Brookstone Securities he engaged in; churning, unsuitability, breach of fiduciary duty and misrepresentation. Damages relating to this complaint totaled $72,132. The complaint was later settled in FINRA arbitration for the full requested amount.
Rodriguez spent his career at a series of small brokerage firms, several of which have been expelled by FINRA, declared bankruptcy or faced multiple customer complaints for excessive trading or churning. Over the few years , Rodriguez worked at two small Long Island based brokerage firms, Chelsea Financial Services in East Meadow NJ and Active Capital Markets in Farmingdale, NY.
The misrepresentation or omission of material facts concerning investment recommendations by a brokerage firm and its representatives may be a cause of action in a FINRA arbitration claim for damages. There are two types of misrepresentations and omissions; those that are fraudulent and those that are negligent.
Misrepresentations often occur during the offering process or prior to investing in a particular product. Misrepresentation can vary in appearance and, if made intentionally, are often times made in order to induce an unwitting investor to invest. An example of a misrepresentation can include promises of high dividends or that the company of the underlying investment will go public in a year.
If proven, an intentional misrepresentation can have serious consequences, as it is a violation of Rule 10b-5 of the Securities Exchange Act of 1934.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading. The Silver Law Group works on a contingency fee basis, meaning you pay us nothing unless we recover money for you.
If you invested with Casey T. Rodriguez and have lost money doing so, you may be able to recover some or all of your losses. We are experienced in recovering investor losses due to broker/brokerage firm misconduct and mismanagement through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at firstname.lastname@example.org or toll-free at (800) 975-4345.