Stonecrest Capital Markets, Inc. broker Deborah Stackpole (CRD# 4969850) faces customer complaints regarding GWG Holding Inc. investment losses. She has been registered with Stonecrest Capital Markets, Inc. in Austin, Texas, and Stonecraft Advisors, Inc., in Bayville, New Jersey, since 2016. He was registered with Royal Alliance Associates, Inc. in Paramus, New Jersey, from 2006 to 2016, and Investment Advisors Asset Management, LLC in Paramus, New Jersey, from 2008 to 2016.
Deborah Stackpole Customer Complaints
She has been the subject of two customer complaints in 2024, according to his CRD report:
February 2024. “Stonecrest Capital Markets, Inc. (the “Firm”) received a FINRA arbitration notice on February 28, 2024, from Mr. [REDACTED], directed against Registered Representatives Edward Kasperavich (CRD#4970038) and Deborah Stackpole (CRD#4969850). The complaint lodged allegations of Poor Recommendation/Poor Advice concerning an investment made by Mr. [REDACTED] in GWG Holdings, LLC L-Bonds and in Northstar Healthcare Income, Inc . The complaint highlights concerns regarding the quality of the recommendations and advice provided by the aforementioned registered representatives in relation to Mr. [REDACTED]’s investment of $300,000.00 in GWG Holdings L-Bonds and $90,000 loss in his investment in Northstar Healthcare Income, Inc.” The customer is seeking $390,000 in damages, and the case is currently pending. The complaint was regarding real estate securities and private placements, and it took place while he was registered with Stonecrest Capital Markets, Inc.
October 2022. “[REDACTED] wrote a formal complaint letter to the Firm on October 19, 2022 which was mailed and received by the Firm on October 27, 2022 and a response to the customer was sent on November 3, 2022. The customer alleges that his registered representatives gave him poor recommendations/ poor advice related to the GWG L-Bonds from 2019 to 2022. The customer requested a refund of $300,000 USD. The Firm filed the 4530 on December 5, 2022.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while he was registered with Stonecrest Capital Markets, Inc.
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, Stonecrest Capital Markets, Inc. may be liable for investment or other losses suffered by Deborah Stackpole’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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