Were you the victim of Capital Investment Group, Inc. broker Joseph Beam (CRD# 5407778) regarding who is accused of unsuitable investment recommendations? He has been registered with Capital Investment Group, Inc. in Flat Rock, North Carolina since 2013.
Joseph Beam Customer Complaints
He has been the subject of two customer complaints in 2022, according to his CRD report:
July 2022. “Product recommended and purchased by clients was unsuitable in nature. For the purpose of full transparency, although the representative was not named as a respondent, he was clearly referenced in the Statement of Claim.” The customer is seeking $80,000 in damages and the case is currently pending. The complaint was regarding direct investment losses.
May 2022. “Misrepresentation and unsuitability of the investment.” The customer is seeking $160,000 in damages and the case is currently pending. The complaint was regarding direct investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Capital Investment Group, Inc. may be liable for investment or other losses suffered by Joseph Beam’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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