Accelerated Capital Group Sued For Breach Of Contract
Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related arbitration claim where the customer sought $340,000.00 in damages supported by allegations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) negligence and (5) over-concentration of the customer’s assets in alternative investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01178 (May 12, 2017).
FINRA Public Disclosure confirms that Brodt has been identified in three more customer initiated investment related disputes that pertain to accusations of his misconduct during the period that he was associated with Accelerated Capital Group, Inc. and Ashton Thomas Private Wealth LLC. In particular, on March 5, 2016, a customer filed an investment related complaint concerning Brodt’s activities in which the customer requested more than $5,000.00 in damages founded on allegations that the customer’s asset-backed debt securities portfolio did not generate returns that the customer anticipated.
Thereafter, a customer initiated investment related arbitration claim that pertained to Brodt’s conduct was settled for $175,000.00 in damages based upon accusations that Brodt made unsuitable investment recommendations to the customer concerning asset-backed securities that the customer had purchased. FINRA Arbitration No. 16-02532 (Dec. 13, 2016).
Brodt’s registration with Accelerated Capital Group was terminated on May 13, 2016. Since July 1, 2016, he has been registered with PeachCap.
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