Charles McInnis suspended 18 months
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Charles McInnis of Miami, Florida, formerly with CP Capital Securities of Miami, FL was suspended from association with any FINRA member for eighteen months as a result of his participation in an unregistered securities offering by a Columbian energy company. As the designated supervisor overseeing the offering, including the completion of due diligence on the offering, FINRA alleged that McInnis failed to ensure the firm’s offering paperwork was complete and designed to ensure compliance with the securities laws. As a result, CP Capital Securities did not collect and maintain sufficient documentary information on the five million dollar unregistered securities offering.
Registration and disciplinary history
In order to lawfully sell investments to the public, a registered rep must either be registered or exempt from registration. Charles McInnis was registered with:
According to FINRA’s CRD disclosure report, Charles McInnis has been the subject of three customer complaints and two regulatory investigations.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.