Investors Sue RBC Capital Markets For Bad Fixed Income Advice

Guiliano Law Firm

Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly registered with RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations that the Puerto Rico bond transactions effected in the customer’s investment account during the time Fladell was associated with RBC Capital Markets LLC failed to be suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00653 (Mar. 20, 2019).

FINRA Public Disclosure confirms that Fladell is referenced in ten additional customer initiated investment related disputes containing allegations of his violative conduct while employed with RBC Capital Markets LLC and J.B. Hanauer Co. Specifically, a customer initiated investment related arbitration claim involving Fladell’s conduct was settled for $110,000.00 in damages based upon accusations that a corporate and municipal debt trading strategy executed in the customer’s brokerage account was unsuitable for the customer.

Thereafter, a customer initiated investment related arbitration claim concerning Fladell’s activities was resolved for $500,000.00 in damages supported by allegations that while Fladell was registered with RBC Capital Markets LLC, trades placed in the customer’s account were inappropriate for the customer, causing the customer’s account to be overconcentrated and overexposed to investment losses; and the customer’s brokerage account had been churned. FINRA Arbitration No. 15-02229 (Feb. 6, 2016). Another customer initiated investment related arbitration claim involving Fladell’s conduct was settled for $1,400,000.00 in damages founded on accusations that misrepresentations were made to the customer concerning the risks of municipal debt investments held in the customer’s account through 2015; and transactions executed in the customer’s investment account failed to be suitable for the customer. FINRA Arbitration No. 15-03154 (Aug. 15, 2017).

Moreover, a customer initiated investment related arbitration claim involving Fladell’s activities was resolved for $295,000.00 in damages based upon allegations of the customer being placed into unsuitable Puerto Rico bonds while Fladell was employed by RBC Capital Markets LLC, ultimately causing the customer unwarranted losses. FINRA Arbitration No. 16-00957 (Aug. 19, 2017). Another customer initiated investment related arbitration claim concerning Fladell’s conduct was settled for $115,000.00 in damages supported by accusations of unfounded statements being made to the customer concerning the municipal debt investments held in the customer’s account.

Additionally, Fladell is referenced in a customer initiated investment related arbitration claim which was resolved for $750,000.00 in damages founded on allegations that the customer had been placed into municipal bonds through 2017 which was entirely inappropriate for the customer given the customer’s objectives for investing, tolerance for risk or financial profile. FINRA Arbitration No. 17-03048 (Feb. 1, 2019).

Fladell’s employment with RBC Capital Market LLC was terminated on December 31, 2017.