Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 2, 2017 indicate that former New York-based Capitol Securities Management broker Andrew Kramer has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kramer (CRD# 1896558).
Andrew Kramer has spent 27 years in the securities industry and was most recently registered with Capitol Securities Management in Brooklyn, New York (2014-2016). Previous registrations include Northeast Securities in Mitchelfield, New York; MJ Whitman in New York, New York; Painewebber in Weehawken, New Jersey; Smith Barney Shearson in New York, New York; Lehman Brothers in New York, New York; and Brenner Securities. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, two customer complaints, and two pending customer complaints.
In April 2017 FINRA sanctioned him following allegations he “failed to respond to FINRA’s requests for documents and information related to an examination concerning a customer complaint.” He was barred from acting as a broker or otherwise associating with firms that sell securities to the public
In 2016 a customer alleged Andrew Kramer, while employed at Northeast Securities, made unsuitable trades. The customer is seeking $1,000,000 in damages in the pending complaint.
In 2015 a customer alleged Andrew Kramer, while employed at Kramer Capital Management, Capitol Securities Management and Northeast Securities, committed fraud, breached his fiduciary duty, breached contract, failed in his supervisory duties, misrepresented material facts, and made unsuitable recommendations. The customer is seeking $635,000 in damages in the pending complaint.
In 2015 a customer alleged Andrew Kramer, while employed at Northeast Securities, was inattentive to the account, resulting in losses. The complaint settled for $14,000.
In 2006 a customer alleged he, while employed at Kramer Capital Management, acted negligently. The complaint settled for $50,000.
If you have lost money investing with Andrew Kramer, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.