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Clarence Patton, Jr. Formerly With Alexander Capital, L.P., Cetera Advisor Networks LLC and Summit Brokerage Services, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Clarence Patton, Jr. formerly with Alexander Capital, L.P.?

Clarence Patton, Jr

Clarence Patton, Jr (CRD #2188193) who was formerly registered with Alexander Capital, L.P. and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Alexander Capital, L.P., Clarence Patton, Jr. was associated with Cetera Advisor Networks LLC, Summit Brokerage Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Clarence Patton, Jr. Customer Complaints

Clarence Patton, Jr. has been the subject of 8 customer complaints that we know about to recover investment losses. One customer complaint resulted in an arbitration award in favor of the investor. Two of the customer complaints were settled by Clarence Patton’s former employers. Another 2 of the customer complaints were denied by the advisor’s former employers and the customers took no further action. There are currently 3 arbitration proceedings pending against Alexander Capital for Clarence Patton’s alleged misconduct.

Allegations Against Clarence Patton, Jr.

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Breach of fiduciary duty, violation of FINRA rules and regulations best interests, negligence, in violation of Florida securities laws.
  • Unauthorized trading
  • Unsuitable investment recommendations.
  • Gross negligence related to the purchase of Arrowhead Research Corporation.
  • Churning.
  • Failure to execute transactions.
  • Misrepresentations in connection with securities transactions.

Clarence Patton, Jr. Red Flags & Your Rights As An Investor

Of course, Clarence Patton, Jr. 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 which should put all current and former customers of Clarence Patton, Jr. at Alexander Capital, L.P., Cetera Advisor Networks LLC and Summit Brokerage Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Clarence Patton, Jr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Alexander Capital, L.P., Cetera Advisor Networks LLC and Summit Brokerage Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Alexander Capital, L.P. Due To Clarence Patton, Jr.

If you have questions about Alexander Capital, L.P., Cetera Advisor Networks LLC, Summit Brokerage Services, Inc. and/or Clarence Patton, Jr. 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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