Investors Sue RBC Capital Markets Unsuitable Bond Sales

Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly associated with RBC Capital Markets LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by allegations that (1) municipal bonds transactions effected when Fladell was employed by RBC Capital Markets failed to be suitable because of the customer’s investment circumstances and (2) the customer’s account had been overconcentrated in speculative and inappropriate investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00653 (Mar. 20, 2019).

FINRA Public Disclosure confirms that Fladell has been referenced in ten more customer initiated investment related disputes concerning accusations of his misconduct during the time that the stockbroker was employed by securities broker dealers including RBC Capital Markets. In particular, a customer initiated investment related arbitration claim concerning Fladell’s activities has been resolved for $1,400,000.00 in damages founded on accusations that when Fladell was employed by RBC Capital Markets, false or misleading statements were made in regard to the risks of municipal bond investments, and transactions were in no way suitable for the given the customer’s objectives for investing and tolerance for risk. FINRA Arbitration No. 15-03154 (Aug. 15, 2017).

Another customer initiated related arbitration claim involving Fladell’s conduct was settled for $295,000.00 in damages based upon allegations that when Fladell was associated with RBC Capital Markets, bad advice was provided to the customer in reference to municipal bonds. FINRA Arbitration No. 16-00957 (Aug. 19, 2017). Fladell is also referenced in a customer initiated investment related arbitration claim which has been settled for $115,000.00 in damages supported by allegations of misleading statements pertaining to the risks of municipal bonds sold by Fladell when he was employed by RBC Capital Markets. FINRA Arbitration No. 17-01476 (May 16, 2018).

An additional customer initiated related arbitration claim concerning Fladell’s activities has been resolved for $750,000.00 in damages founded on accusations that when Fladell was employed by RBC Capital Markets, bond trades were unsuitable for the customer in view of the customer’s objectives for investing and tolerance for risk. FINRA Arbitration No. 17-03048 (Feb. 1, 2019).

Fladell’s registration with RBC Capital Markets has been terminated as of December 31, 2017.