Last Updated: September 2025 — Flat Rock, NC
Here’s what you need to know about Flat Rock, NC, stockbroker Joseph F. Beam:
- Name: Joseph F. Beam
- Current Employer: This broker is not currently registered with a FINRA-member firm.
- Prior Firms:
- Capital Investment Group, Inc. (Flat Rock, NC) — 08/2013 to 06/2023.
- SunTrust Investment Services, Inc. (Hendersonville, NC) — 10/2007 to 08/2013.
- Other Business Affiliations:
- Beam & Associates Financial Advisors, LLC — 578 Upward Rd., Ste 11, Flat Rock, NC 28731 (Owner).
- True Beam Designs, LLC — 3115 Magnolia Dr., Hendersonville, NC 28792 (Owner).
- CRD number: 5407778.
- Stockbroker / Financial Advisor: Yes (passed Series 7, SIE, Series 6, and Series 63; not currently registered).
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $155,000
- Three Currently Pending Customer Disputes Seek Total Damages of More Than $500,000
If you’ve sustained damages from Mr. Beam, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joseph F. Beam As Your Stockbroker?
Multiple FINRA arbitration filings allege that Mr. Beam recommended GWG Holdings, Inc. L-Bonds and, in one matter, variable annuities, leading to investor losses. Currently pending cases include:
- FINRA Case No. 25-01690 — August 2025; pending; alleges damages $100,000; involves GWG L-Bonds (Capital Investment Group, Inc.).
- FINRA Case No. 25-01515 — August 2025; pending; alleges damages $200,000; products include GWG L-Bonds and two variable annuities
- FINRA Case No. 25-00172 — January 2025 pending; alleges damages of $340,000; GWG L-Bonds.
Settled customer disputes tied to GWG L-Bonds include: $155,000 (Case No. 24-00838; settled March 31, 2025), $85,000 (Case No. 24-01055; $70,000 (Case No. 24-01565; status April 11, 2025), $40,000(Case No. 23-03309; status June 20, 2025), $32,500 (Case No. 22-01550; status September 25, 2023), and $28,750 (part of a global $180,000 settlement; Case No. 24-00408; status June 2, 2025).
Allegations of Broker Misconduct Against Joseph F. Beam
- Unsuitable recommendations of illiquid, high-risk GWG L-Bonds and variable annuities (FINRA Rule 2111 — Suitability).
- Failure to act in the customer’s best interest (SEC Regulation Best Interest, Rule 15l-1(a)), alleged in pending matters.
- Misrepresentations and omissions regarding risks and product features (FINRA Rule 2020 and Rule 2010
- Breach of fiduciary duty and negligence tied to GWG L-Bonds recommendations.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Capital Investment Group brokers
If you have suffered investment losses in an account handled by Joseph F. Beam, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.