Joseph Beam Investigation
March 2023- Raleigh, NC
According to publicly available records Joseph Beam, a broker employed by Capital Investment Group, Inc., discloses three customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 2/2023 a customer of Capital Investment Group filed FINRA case 23-0335 seeking damages $125,000 related to the purchase of GWG Holdings bonds.The case is still pending.
In May of 2022, a Capital Investment Group, Inc., customer alleged misrepresentation and unsuitability of investment with alleged damages of $160,000. The case is still pending.
In July of 2022, a Capital Investment Group, Inc., customer filed FINRA case#22-01550 alleging that the product recommended and purchased was unsuitable in nature. The alleged damages are $80,000 and the case is still pending.
Beam has been registered with Capital Investment Group since 8/2013 and is affiliated with Beam & Associates Financial Advisors in Flat Rock, NC.
If you have questions about an investment account with Joseph Beam , call to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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