Alexander Capital Clients Allege Elder Abuse, Churning In Disputes About Broker John Slipek

The FINRA BrokerCheck report for securities broker John Owen Slipek (CRD#: 4274243, Staten Island, New York) contains five disclosures – and all five constitute investor disputes. Evidently, Slipek works for New York-based Alexander Capital LP and Alexander Capital Wealth Management LLC. Notably, clients of both Alexander Capital and Slipek’s prior employers have alleged that Slipek caused them to experience losses. Let’s take a closer look at these disputes.

Alexander Capital Client Indicates That John Slipek Churned Account

Reportedly, a client of Alexander Capital came forward in May 2020 to dispute John Slipek’s sales practices. In this FINRA Arbitration Claim, the broker is alleged to have churned the client’s account. Secondly, the broker reportedly made unsuitable trades and caused the client to have a concentrated position in certain stocks. For this reason, the client demanded $33,689 in this pending matter.

Slipek Involved In Claim Alleging Elder Abuse, Misrepresentation

Evidently, an Alexander Capital client brought a dispute about John Slipek to the firm’s attention in May 2019. In this lawsuit, the client suggested that the broker committed elder financial abuse. Not only that, but Slipek supposedly breached a fiduciary duty. Also, the client alleged that the broker may have misrepresented information about options and stocks. Allegations also include negligence and breach of contract. Because of this, the client seeks payment of $51,287 to resolve this ongoing dispute.

Past Disputes Allege Breach Of Fiduciary Duty, Excessive Trading By John Slipek

Notably, a dispute from 2014 alleges breach of fiduciary duty and misrepresentation. Apparently, the client of JP Turner brought the FINRA Arbitration Claim to contest John Slipek’s allegedly excessive and unsuitable trading too. Because of this, the securities firm opted to settle this matter in 2015 through making a $7,000 payment to the client.

Also, John Slipek is involved in two prior disputes where clients of Investors Capital Corp and Newbridge Securities Corp allege unauthorized trading. Notably, the Investors Capital Corp client also alleged churning and excessive commissions. However, the securities firms denied these allegations, and those claims closed without resolutions.

Did Securities Broker Slipek Sell You Bad Investments?Lars Soreide AVVO 2020 Top Lawyer

Note that John Slipek denies all allegations of sales practice violations. Have you experienced losses by investing with this securities broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have unreasonably lost money due to their securities brokers and financial advisors.