Capital Investment Group

Broker Brett Rutherford in Capital Investment Group, Inc. Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brett Rutherford (Rutherford), previously associated with Capital Investment Group, Inc., has at least 2 disclosable events. These events include one customer complaint, one regulatory, alleging that Rutherford recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 28, 2025.

Without admitting or denying the findings, Rutherford consented to the sanction and to the entry of findings that he failed to provide documents and information requested by FINRA in connection with its investigation into the circumstances giving rise to a customer arbitration.

Broker Bowman Nicholson in Capital Investment Group, Inc. Firm Has Customer Complaint

March 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bowman Nicholson (Nicholson), currently associated with Capital Investment Group, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Nicholson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on September 12, 2024.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Complaint alleges breach of contract and warranties, violation of state securities statutes, breach of fiduciary duty, claims under common law, and vicarious liability related to an investment in GWG L-Bonds.

Broker Joseph Beam in Capital Investment Group, Inc. Firm Has Customer Complaint

March 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, Inc., has at least 7 disclosable events. These events include 7 customer complaints, alleging that Beam recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $225,000.00 on January 28, 2025.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. The Statement of Claim alleged that the product recommended to, and purchased by clients, GWG L-Bonds, was unsuitable in nature. Allegations include violations of federal securities laws, violation of North Carolina Securities Act, violation of South Carolina Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.

Broker Brett Rutherford in Capital Investment Group, Inc. Firm Has Customer Complaint

February 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brett Rutherford (Rutherford), previously associated with Capital Investment Group, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rutherford recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $334,084.00 on December 04, 2024.

Accusations of breach of multiple FINRA rules and regulations, as well as firm policies. Claims include breach of fiduciary of duty, negligence, negligent misrepresentation, negligent supervision, breach of contract, and fraud and deceit.

Broker Tammie Farrell in Capital Investment Group, Inc. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tammie Farrell (Farrell), currently associated with Capital Investment Group, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Farrell recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on December 10, 2024.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Relative to specific investment+J184 made by clients, claims include violations of federal securities laws, violations of NC Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.

Broker Anthony Pitta in Capital Investment Group, Inc. Firm Has Customer Complaint

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Pitta (Pitta), previously associated with Capital Investment Group, Inc., has at least 12 disclosable events. These events include 12 customer complaints, alleging that Pitta recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $30,000.00 on December 13, 2024.

Client invested in GWG Holdings L-Bonds. GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. No Statement of Claim filed by client or opposing counsel.

There are Recent Customer Complaints with Broker Joseph Beam in Firm Capital Investment Group, Inc.

February 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Capital Investment Group, Inc., has at least 8 disclosable events. These events include 8 customer complaints, alleging that Beam recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $225,000.00 on January 28, 2025.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. The Statement of Claim alleged that the product recommended to, and purchased by clients, GWG L-Bonds, was unsuitable in nature. Allegations include violations of federal securities laws, violation of North Carolina Securities Act, violation of South Carolina Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.

Broker Seth Nannini in Capital Investment Group, Inc. Firm Has Customer Complaint

February 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Seth Nannini (Nannini), currently associated with Capital Investment Group, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Nannini recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on May 21, 2024.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Complaint alleges breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, and negligence – violation of Regulation Best Interest, related to the clients’ investment in GWG L-Bonds.

Broker Eugene Thompson in Capital Investment Group, Inc. Firm Has Customer Complaint

February 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eugene Thompson (Thompson), currently associated with Capital Investment Group, Inc., has at least 5 disclosable events. These events include 5 customer complaints, alleging that Thompson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $350,000.00 on September 03, 2024.

Relative to specific investments made by clients, claims included unsuitability, breach of fiduciary conduct, negligence/gross negligence, negligent misrepresentation, intentional misrepresentation/omission and, breach of contract.

Advisor Ferrell Rollins Terminated for Borrowing Customer Funds

May 14, 2020 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that advisor Ferrell Rollins (Rollins) has been accused by his former employer of borrowing client funds among other allegations. According to records kept by The Financial Industry Regulatory Authority (FINRA) Rollins has been terminated by his prior employer, Capital Investment Group, Inc. (Capital Investment Group) concerning his outside business activities. If you have been a victim of Rollins’ alleged misconduct our firm may be able to assist you in recovering funds.

In September 2019 Capital Investment Group terminated Rollins after alleging violation of firm policy and FINRA Rules 2010 and 3240 related to borrowing money from a customer and making false statements to the firm on forms related to said loan.

Rollins’ outside business activities disclosed on his publicly available BrokerCheck report include Telco Credit Union.

Our law firm has significant experience bringing cases on behalf of defrauded victims when their advisors engage in receiving loans from clients or selling securities sales through OBAs. The sale of unapproved investment products – is a practice known in the industry as “selling away” – a serious violation of the securities laws. In the industry the term selling away refers to when a financial advisor solicits investments in companies, promissory notes, or other securities that are not pre-approved by the broker’s affiliated firm. Sometimes those investments have some legitimacy but often times these types of investments can end up being Ponzi schemes or the advisor can be engaging in the conversion of funds.