CHRISTOPHER CHARLES LAFFEY (CHRISTOPHER C LAFFEY) is currently registered as a broker with ALEXANDER CAPITAL, L.P. of Red Bank, New Jersey, since 12/16/2015.
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, CHRISTOPHER C LAFFEY has 47 years of experience in the securities industry and has been listed with 10 firms. Laffey has 7 disclosures on his FINRA CRD report. Of the 7 disclosures, 1 is a “Judgment/Lien,” and 6 are “Customer Disputes,” 4 have settled and 2 are pending. The significance of Laffey’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, CHRISTOPHER C LAFFEY’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
The most recent “Customer Dispute” filed against CHRISTOPHER C LAFFEY dated 10/17/2024 is currently pending. The allegations are, “Alleges: Breach of Fiduciary Duty, Fraudulent Inducement, Negligence, Breach of Contract, Violation of FINRA Rule 2010, Equity. February 2021.” The damage amount requested is $2,894,000.00.
CHRISTOPHER C LAFFEY’s “Customer Disputes” date back to 1980. Some of the allegations in the disclosures that have settled are in part, “FAILED TO USE STOP LOSS ORDERS RESULTING IN LOSSES, UNSUITABLE AND UNAUTHORIZED TRADES, and PERFORMANCE WAS "UNACCEPTABLE" AND NOT IN ACCORD WITH HIS INVESTMENT GOALS.” Laffey refutes the allegations in the “Broker Comments.”
FINRA Rule 2010, states, “A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” This rule is a provision that can be applied to a wide range of misconduct, from misrepresentation to unauthorized trading to breach of fiduciary duty.
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