September 19, 2018 Comments (0) Blog, Current Investigations, Securities Fraud

P&R Capital LLC – CoreCap Solutions LLC Securities Investigation

CoreCap
(Last Updated On: September 19, 2018)

P & R Capital LLC – CoreCap Solutions – Ernest Romer III

Are you concerned about your investments in P & R Capital LLC or CoreCap Solutions LLC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

According to the SEC’s complaint this week, financial advisor Ernest Romer III has been charged with defrauding at least thirty customers by convincing them to sell their own securities and transfer the funds to P&R Capital, LLC or CoreCap Solutions, LLC.

From at least 2014 through 2016, Romer allegedly told his customers that he would invest their funds in the stock market and earn them a better return than their current investments.

Romer’s customers reportedly believed that CoreCap Solutions and P&R Capital were affiliated with his former employer, CoreCap Investments Inc.

Instead, P&R Capital and CoreCap Solutions were reportedly Romer’s personal businesses, and he allegedly used the money on personal expenses for himself and his family, and did not invest the customers’ money in the stock market.

Investigating Potential Claims

The White Law Group is investigating the liability CoreCap Investments Inc. may have for failing to supervise Ernest Romer III.

Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.

FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.

If you have concerns regarding your investment in P & R Capital LLC or CoreCap Solutions LLC and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visithttp://www.whitesecuritieslaw.com.

 

 

error: Content is protected !!