Capitol Securities Management, Inc. and BNB Wealth Management, LLC broker Andrew Bellamah (CRD# 2171352) is accused of mutual fund losses. He has been registered with Capitol Securities Management, Inc. in Silver Spring, Maryland, since 2011, and BNB Wealth Management, LLC in Silver Spring, Maryland, since 2012.
Andrew Bellamah Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2023. “From 2011 to 2022, Client alleges that adviser mislead him regarding the oversight of a Donor Advised Fund and failed to take into account client’s directives regarding management of the account during market volatility leading to losses.” The customer is seeking $120,000 in damages, and the case is currently pending. The complaint was regarding mutual fund losses, and it took place while he was registered with Capitol Securities Management, Inc. and BNB Wealth Management, LLC.
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, Capitol Securities Management, Inc. and BNB Wealth Management, LLC may be liable for investment or other losses suffered by Andrew Bellamah’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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