DID CHRISTOPHER JOHN PASSERO CAUSE YOU INVESTMENT LOSSES?
Christopher John Passero Of Money Concepts Capital Corp. Has Had Customer Complaints for Alleged Broker Misconduct in the Past Year
Who is Christopher J. Passero with Money Concepts Capital Corp.?
Christopher Passero (CRD #2517681) who is currently registered with Money Concepts Capital Corp. and located in Hurricane, West Virginia is a subject of one of our many securities industry sales practice abuse investigations.
Prior to Money Concepts Capital Corp., Christopher Passero was associated with another investment advisory and brokerage firm with a history of customer complaints and securities industry regulatory problems.
Money Concepts Capital Corp. Broker Misconduct
In his career, Christopher Passero has been the subject of 3 customer complaints that we know about, one of those complaints were filed in the last year to recover investment losses.
Two of the customer complaints were denied by his employer and the customers took no further action. There is currently one pending customer complaint filed against Christopher Passero’s current employer Money Concepts Capital Corp. for investment losses caused by his alleged misconduct.
Allegations Against Christopher Passero
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- The customer alleged that the recommendation to purchase the Inland REIT was an unsuitable recommendation and in violation of state law.
- The customer alleged that Christopher Pessero invested all of the funds in his account in a non-traded REIT with no liquidity which was an unsuitable investment recommendation that caused losses.
- The claimant alleged Christopher Pessero committed negligence, gross negligence, breach of fiduciary duty, fraud, and made unsuitable investment recommendations to invest in non-traded REITs.
Christopher Passero Red Flags & Your Rights as An Investor
Of course, Christopher Passero did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Christopher Passero at Money Concepts Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Christopher Passero has engaged in any stockbroker misconduct that may have caused them investment losses.
There have been a large number of customer complaints at Money Concepts Capital Corp. which also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim to Recover Your Investment Losses at Money Concepts Capital Corp.
If you have questions about Money Concepts Capital Corp. and/or Christopher Passero and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.