John Owen Slipek of Staten Island New York a stockbroker currently registered with Alexander Capital L.P. is the subject of a customer initiated investment related arbitration claim in which the customer sought $51,287.00 in damages based upon allegations that (1) fiduciary obligations to the customer were violated (2) the customer was a victim of elder financial abuse (3) contractual obligations to the customer had been breached (4) the customer’s investment account was handled in a negligent manner (5) false or misleading statements had been made to the customer and (6) the customer was defrauded with regard to the options and stock transactions placed in the customer’s account while Slipek was associated with Alexander Capital LP. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01198 (May 4, 2019).

FINRA Public Disclosure reveals that Slipek has been identified in three more customer initiated investment related disputes that concern accusations of his misconduct during the time that he was employed by securities broker dealers including J.P. Turner Company LLC, Investors Capital Corp. and Newbridge Securities Corp. Specifically, a customer filed an investment related complaint involving Slipek’s activities where the customer requested unspecified damages supported by allegations that the customer was charged commissions that were excessive; the customer’s account was churned; and unauthorized equity trades were executed in the customer’s investment account while Slipek was associated with Investors Capital Corp.

Thereafter, a customer filed an investment related complaint in regards to Slipek’s conduct in which the customer sought $18,500.00 in damages founded on accusations that while Slipek was associated with Newbridge Securities Corp., five hundred shares of RIMM over-the-counter equities had been purchased for the customer’s brokerage account without the customer ever having provided permission; and the customer incurred an unwarranted margin debt because of the unauthorized trade.

Additionally, a customer initiated investment related arbitration claim involving Slipek’s activities was settled to resolve allegations that while Slipek was employed by J.P. Turner Company LLC, fiduciary duties were violated; misrepresentations had been made to the customer; stock and over-the-counter equities trades had been effected in the customer’s account in an excessive manner; transactions executed in the customer’s investment account were unsuitable; and the customer had been defrauded.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

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