Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 22, 2019 indicate that New York-based Alexander Capital broker/adviser John Columbia has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Columbia (CRD# 2194537).
John Columbia has spent 25 years in the securities industry and has been registered with Alexander Capital in New York, New York since 2015. Previous registrations include Legend Securities in Freehold, New Jersey (2009-2015); JP Turner & Company in Staten Island, New York (2006-2009); JP Turner & Company in Atlanta, Georgia (1997-2005); Argent Securities in Atlanta, Georgia (1996-1997); Commonwealth Associates in New York, New York (1995-1996); First Hanover Securities in Staten Island, New York (1994-1995); Hibbard Brown & Company in New York, New York (1992-1994); and FN Wolf & Company (1992). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on March 23, 2015; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 13, 1999; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on December 4, 1998; Series 4 (Registered Options Principal Examination), which he obtained on March 18, 2006; and Series 24 (General Securities Principal Examination), which he obtained on June 22, 1998. He is a registered broker and investment adviser with 34 US states and territories.
According to his BrokerCheck report, he has received two customer complaints, one pending customer complaint, and three regulatory sanctions.
In November 2018 a customer alleged John Columbia, while employed at Legend Securities and Alexander Capital, committed fraud, breached his fiduciary duty, acted negligently, and breached contract. The customer is seeking $15,000,000 in damages in the pending complaint.
In 2015 the Massachusetts Securities Division sanctioned him in connection to allegations he was the subject of 14 disclosure incidents. He was placed on heightened supervision in the state.
In 2008 a customer alleged John Columbia, while employed at JP Turner & Company, recommended unsuitable trades, executed unauthorized transactions, misrepresented material facts, and failed in his supervisory duties. The complaint settled in 2009 for $19,500.
In 1998 a customer alleged John Columbia, while employed at Argent Securities, recommended unsuitable transactions and executed excessive trades. The complaint settled for $475,000.
If you have lost money investing with John Columbia, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.