DID JOHN FRANCIS SCHLAGHECK CAUSE YOU INVESTMENT LOSSES?
John Schlagheck Formerly With Cape Securities Inc. Has 10 Customer Complaints For Alleged Broker Misconduct
About John Schlagheck of Cape Securities Inc.?
John Schlagheck (CRD #1040673) has over 40 years of experience in the securities industry, beginning his career in 1982. Schlagheck has been affiliated with 18 firms throughout his career, with his most recent registration with Cape Securities, Inc. as a registered broker from October 2022 to March 2023. He has held licenses in multiple U.S. states and territories He passed seven industry exams, including the General Securities Principal Exam (Series 24) and the General Securities Representative Exam (Series 7). Schlagheck is not currently registered with any firm.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Schlagheck Customer Complaints and Reviews
John Schlagheck has ten customer disputes on his FINRA record.
- Arbitration Awards:
- Case #1 (2024): Claimant alleged violations of federal and state securities laws.
- Outcome: Schlagheck was ordered to pay $122,401.77 in damages and costs.
- Case #2 (2024): Claimant alleged violations of federal and state securities laws.
- Outcome: Customer was awarded $91,800 in compensatory damages and additional costs for similar allegations.
- Settlements:
- Case #1 (2024): Claimant alleged violations of laws, including breach of fiduciary duties and negligence, breach of contract, failure to supervise, unsuitable investments
- Outcome: $27,500 settlement for unsuitable investments.
- Case #2 (2024): Claimant alleged violations of laws, including breach of fiduciary duties and negligence, breach of contract, failure to supervise
- $107,500 settlement for alleged negligence and breach of fiduciary duty.
- Pending Cases:
- Four disputes related to unsuitable investments and breaches of fiduciary duty are currently under arbitration. Total alleged damages exceed $2 million.
Allegations Against John Schlagheck
The Customer Disputes allegations against John Schlagheck span several key areas:
- Multiple claims involve allegations of unsuitable investment recommendations, breach of fiduciary duty, negligence, and violations of securities laws.
- Awards and settlements suggest recurring issues with investment suitability and adherence to industry standards.
John Schlagheck Red Flags & Your Rights As An Investor
Of course, John Schlagheck 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 John Schlagheck at Cape Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether John Schlagheck has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cape Securities Inc. also raises questions about the brokerage firm’s 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?
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 Cape Securities Inc. Due To John Schlagheck
If you have questions about Cape Securities Inc. and/or John Schlagheck 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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