Capital Financial Group Inc. (H. Beck Inc.) Investment Attorney
We represent clients in investment related disputes against their brokers and investment firms, such as Capital Financial Group Inc. (securities through H. Beck Inc.). Typical claims brought on behalf of investors include misconduct related to breach of fiduciary duty, churning, and misrepresentations concerning various investment products. The attorneys at our firm can analyze your account statements and determine the extent of the financial losses, understand the legal issues involved, and provide a consultation concerning remedies available.
H. Beck, Inc. (H. Beck) is the securities arm of The Capital Financial Group and began in 1954. The firm is an independently operating subsidiary of Securian Financial Group, Inc., licensed in all fifty states, with a network of over 1,000 registered representatives. H. Beck is also a registered investment advisor. H. Beck claims that its mission is to execute investment decisions in a highly professional and highly personalized manner. H. Beck claims that its registered representative can guide investors through a broad range of investment options and custom tailor an investment portfolio.
H. Beck is affiliated with, under common control, or otherwise performs business under the company names Capital Financial Securities Corporation, Estate Investment Company, and Hibbard-Beck, Inc.
H. Beck – By the Numbers:
- CRD# 1763
- SEC# 8-31165
- 12 Regulatory Events
- 4 Customer Complaints
- Total Revenues: $108.7 million – 2012
- Representatives: 890 - 2012
H. Beck – In the News:
Massachusetts Securities Division v. Paul J. Dumouchel, Docket No. E-2010-0065 – The Securities Division of Massachusetts ordered a former H. Beck broker to disgorge all profits concerning the recommendation to purchase $1 million in annuities for an 82 year old woman with early stage Alzheimer. According to the complaint, the customer was convinced by broker Paul Dumouchel to cash in CDs and buy annuities. Massachusetts alleged that Dumouchel earned over $63,000 in commissions in recommending the purchase of annuities which could not be accessed without a penalty for ten years. In addition, the customer paid over $5,000 in penalties for cashing in the CDs.
In re H. Beck, Inc., Case No. 2008-0392 – The Maryland Securities Commissioner sanctioned H. Beck concerning allegations that the firm’s broker While Bulls had 19 investors pay a total of at least $450,995 to Bulls personally. The broker was accused of depositing the funds into his personal bank account and then transferred most of the funds to his personal brokerage account at TD Ameritrade. According to the complaint, Bulls lost most of the investors’ funds through unsuccessful day-trading strategies and misappropriated almost $100,000 for his personal expenses. Maryland alleged that H. Beck failed to review Bulls’ account statements during the relevant period and did not detect Bulls’ day-trading, large investment losses, and large unexplained deposits into the account.
Our attorneys has successfully represented hundreds of investors in their broker disputes with their advisor firms. Our consultations are free and we welcome all inquiries.