Defunct TCM Sued By Investors For 1st Global Capital Notes
Jason Paul Daugherty of Woodstock Georgia a stockbroker formerly registered with TCM Securities Inc. (also known as Taylor Capital Management) is the subject of a customer initiated investment related arbitration claim where the customer sought $150,000.00 in damages based upon accusations that the customer was placed into speculative and illiquid real estate investment trust products and had been sold unregistered securities in violation of Illinois securities laws when Daugherty was associated with TCM Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03489 (May 23, 2019).
FINRA Public Disclosure confirms that Daugherty has been identified in three more customer initiated investment related disputes concerning accusations of his misconduct during the time that he was employed by TCM Securities. On December 10, 2018, a customer filed an investment related arbitration claim concerning Daugherty’s activities where the customer sought $27,319,015.00 in damages founded on accusations of Daugherty’s negligent supervision of stockbrokers Justin Reppy, Brian Korienek or Michael Pellegrino who allegedly sold 1st Global Capital Notes to the customer when Daugherty was employed by TCM Securities. FINRA Arbitration No. 18-03761.
On December 20, 2018, another customer filed an investment related arbitration claim involving Daugherty’s conduct in which the customer requested $325,000.00 in damages based upon allegations that Daugherty negligently failed to supervise 1st Global Capital Notes sales that his stockbrokers made in 2017. FINRA Arbitration No. 18-03822.
Daugherty is also referenced in a customer initiated investment related arbitration claim in which the customer requested $623,158.00 in damages supported by allegations of unsuitable 1st Global Capital Notes. FINRA Arbitration No. 18-03821 (Dec. 20, 2018).
Daugherty was registered with TCM Securities between January 20, 2010 and August 19, 2019.