Sammy Legaspi from Irvine, California Suspended for Three Months from Securities Industry
Have you lost money with financial advisor Sammy Legaspi of Irvine, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Sammy J. Legaspi. FINRA suspended Legaspi from the securities industry for three months and fined him $5,000, after he allegedly had customers sign blank forms to later effect transactions on behalf of clients while he was affiliated with Accelerated Capital Group.
Sammy Legaspi was a financial advisor and registered representative of Accelerated Capital Group from June 2011 to September 2016. He worked at branch offices in Irvine and Costa Mesa, California. His BrokerCheck report also discloses that he has two customer complaints on his record. He was also terminated by Capstone Investments in 2004 regarding allegations of conversion of customer funds.
Brokerage firms like Accelerated Capital Group have the responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California and the Los Angeles area in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Legaspi, Sammy FINRA AWC
Click to view: Legaspi, Sammy BrokerCheck 6.21.17
If you lost money with Sammy Legaspi or Accelerated Capital Group, please CONTACT US at 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.