JASON DAUGHERTY 1st Global Capital Disputes

JASON DAUGHERTY 1^st Global Capital Disputes

Soreide Law Group is evaluating investor disputes brought against Taylor Capital Management Inc. (also known as “TCM Securities, Inc.”) securities representative Jason Daugherty (CRD#: 4267059, Woodstock, Georgia). Notably, according to the Financial Industry Regulatory Authority (“FINRA”), at least four clients contested Daugherty’s sales practices. Here’s what they had to say about Daugherty:

TCM Securities Client Files FINRA Arbitration Suggesting Jason Daugherty Sold Unregistered Non-Traded REITs

 
First of all, a client of TCM Securities, Inc., who Jason Daugherty joined in 2010, brought FINRA Arbitration #: 18-03489 on May 23, 2019. According to the clients, Daugherty, or someone under Daugherty’s supervision, instructed the client to purchase unregistered non-traded REITs. Non-traded REITs are generally not meant for certain investors including those who are inexperienced, need liquidity or want to invest conservatively. Supposedly, Daugherty or his subordinate placed those speculative investment transactions in violation of Illinois Securities Act. As a result of the unregistered securities sale, the client demanded $150,000 in compensation in this ongoing matter.

TCM Client’s FINRA Arbitration Suggests Daugherty Failed To Supervise 1^st Global Capital Notes Sales

Secondly, a TCM Securities, Inc. client filed FINRA Arbitration #: 18-03761. Mainly, the clients alleged that Jason Daugherty was responsible for the “negligent supervision” of TCM Securities, Inc. broker(s). Supposedly, those brokers sold the client 1^st Global Capital Notes. Notably, 1^st Global Capital filed for Chapter 11 bankruptcy, severely impacting investors. Evidently, 1^st Global Capital issued notes paying approximately 7% to a large amount of investors. Also, one or more brokers under Daugherty’s control possibly touted these investments as safe and low-risk to induce sales. Apparently, the clients in this Arbitration allege $27,319,015 in damages resulting from the unsupervised 1^st Global Capital Notes sales. Currently, this matter awaits a resolution.

TCM Clients File Arbitration Alleging Jason Daugherty’s Negligent Supervision

 
Also, on November 5, 2018, clients filed FINRA Arbitrations #: 18-03821 and 18-03822. Apparently, in both Arbitrations, clients allege Jason Daugherty negligently supervised one or more registered representatives selling 1^st Global Capital Notes. It appears that those brokers sold the notes to TCM clients in 2017. Because of losses which clients allegedly incurred, they demanded a total of $948,158 in damages. Those matters are unresolved.

Have you experienced losses by investing with securities broker Jason Daugherty? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.