JOSH ALAN FRANKEL

JOSH ALAN FRANKEL is currently employed as a Broker and/or Investment Adviser at CAPITAL FINANCIAL SERVICES, INC. located at 1 Homecoming Place, East Setauket, NY, 11733.

JOSH ALAN FRANKEL has worked at CAPITAL FINANCIAL SERVICES, INC. since January 03, 2017

Disclosure History

JOSH ALAN FRANKEL has 7 Disclosure Event(s).

Date: October 21, 2010
Category: Employment Separation After Allegations
Firm Name: HSBC SECURITIES (USA) INC.
Termination Type: Voluntary Resignation
Allegations: CUSTOMER CLAIMS "I HAD NEVER AUTHORISED THAT USD 250,000 FROM REHAN OR FROM RAVISA ACCOUNT BE PUT IN THESEINSTRUMENTS THAT THEY HAVE BEEN PUT IN."
Broker Comment: MR. FRANKEL TENDERED HIS RESIGNATION AND HSBC'S INVESTIGATION IS CLOSED.

Date: July 10, 2008
Category: Customer Dispute
Allegations: CUSTOMERS CLAIM THE VARIABLE ANNUITIES WERE INAPPROPRIATE AND UNSUITABLE.
Damage Amount Requested: $53,019.00

Date: May 13, 2008
Category: Customer Dispute
Allegations: CUSTOMER ALLEDGED REGISTERED REPRESENTATIVE FAILED TO INFORM THEM OF THE POTENTIAL ILLIQUIDITY OF THE INVESTMENT. THIS CUSTOMER COMPLAINT INVOLVES ONE OR MORE AUCTION RATE SECURITIES WITH A NOTIONAL VALUE OF $100,000.00 WHICH HAS BEEN THE SUBJECT OF ONE OR MORE FAILED AUCTIONS.
Settlement Amount: $100,000.00
Broker Comment: ON 6/23/08, HSBC SECURITIES(USA)INC. AGREED TO VOLUNTARILY REPURCHASE THE ARS SECURITIES AT ISSUE FROM THE CUSTOMER AT PAR VALUE IN ORDER TO PROVIDE LIQUIDITY UNDER UNPRECEDENTED MARKET DEVELOPMENTS TO THE EXTENT THAT A CUSTOMER'S ARS POSITION(S) COULD NOT BE SOLD AND WAS NOT REDEEMED BY THE ISSUER. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE CUSTOMER; THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CUSTOMER; AND THE REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

Date: March 31, 2008
Category: Customer Dispute
Allegations: CUSTOMER WAS UPSET WITH THE PROBLEMS WITH THE AUCTION RATE SECURITIES MARKET AND DEMANDS LIQUIDITY FOR FINANCIAL OBLIGATIONS. THIS CUSTOMER COMPLAINT INVOLVES ONE OR MORE AUCTION RATE SECURITIES WITH A NOTIONAL VALUE OF $200,000.00 THAT HAVE BEEN THE SUBJECT OF ONE OR MORE FAILED AUCTIONS.
Settlement Amount: $200,000.00
Broker Comment: ON 5/12/08, HSBC SECURITIES(USA)INC. AGREED TO VOLUNTARILY REPURCHASE THE ARS SECURITIES AT ISSUE FROM THE CUSTOMER AT PAR VALUE IN ORDER TO PROVIDE LIQUIDITY UNDER UNPRECEDENTED MARKET DEVELOPMENTS TO THE EXTENT THAT A CUSTOMER'S ARS POSITION(S) COULD NOT BE SOLD AND WAS NOT REDEEMED BY THE ISSUER. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE CUSTOMER; THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CUSTOMER; AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

Date: July 07, 2006
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES MISREPRESENTATION IN CONNECTION WITH THE SALE OF A MUTUAL FUND.
Damage Amount Requested: $8,361.71

Date: June 21, 2006
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES MISREPRESENTATION IN CONNECTION WITH THE SALE OF A FIXED ANNUITY.
Damage Amount Requested: $20,533.44
Settlement Amount: $13,000.00

Date: December 21, 2004
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION IN CONNECTION WITH THE PURCHASE OF A MUTUAL FUND
Damage Amount Requested: $28,000.00

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for JOSH ALAN FRANKEL, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.