Securities Lawyers Blog
Before hiring a securities arbitration lawyer, many investors research a brokerage firm’s regulatory history, FINRA arbitration awards, and customer complaints. The FINRA disciplinary actions below are the ones in which Stockkings Capital LLC itself was a respondent. The investor lawyers at Gana Weinstein LLP represent customers of brokerage firms in disputes over investment losses, and our attorneys can review your situation and tell you whether a FINRA claim is worth pursuing.
StockKings Capital is a broker-dealer that executes securities transactions for customers on a fully disclosed basis through clearing firms. Organized in New York in 2012 as Britannica Capital Partners and renamed in 2016, the firm is a wholly owned subsidiary of StockKings Holdings and has been based in Lower Manhattan.
Stockkings Capital LLC – By the Numbers:
- CRD #: 164445
- Regulatory Events: 2
- Broker Employees: 3
Stockkings Capital LLC – In the News:
FINRA v. Stockkings Capital LLC (Case #2019060648701) – Since 2013, Gregory Antonius Lewis has been the founder, majority owner, and Chief Executive Officer (CEO) of FINRA member StockKings Capital LLC (“StockKings Capital” or the “Firm”). From the time he formed StockKings Capital, Lewis has maintained financial and decision-making control over the Firm. In 2015, Lewis began raising funds for a business that he told potential investors would aggregate and analyze investor portfolios on a financial technology platform. In a series of unregistered, private securities offerings from 2015 through 2019, Lewis raised more than $2.7 million for this business. However, Lewis never launched this platform. In connection with his solicitation efforts, from November 2016 to December 2018, Lewis and the Firm created and transmitted investment materials that made false, exaggerated, misleading, promissory, and unwarranted claims about StockKings Holdings, Inc. (“StockKings Holdings”), StockKings Capital, and StockKings.com—the platform they were purportedly developing. (StockKings Holdings and StockKings Capital are referred to collectively as “StockKings.”) In these documents, Lewis and StockKings: falsely claimed they had received a patent; overstated the progress StockKings had made toward bringing its platform to market; falsely claimed the StockKings.com platform was stalled due to a FINRA materiality consultation; and made baseless and unwarranted valuation claims and revenue projections. As a result, StockKings Capital and Lewis violated FINRA Rules 2210(d)(1) and 2010. Separately, from January 2017 through September 2019, Lewis used over $42,000 of StockKings Capital funds to pay for personal expenses. Lewis directed the Firm’s FINOP to misclassify those expenses as business expenses of the Firm. As a result, Lewis caused the Firm to maintain inaccurate books and records, which were in turn used to create FOCUS reports that inaccurately understated Lewis’s compensation and overstated the Firm’s expenses. By causing StockKings Capital to maintain inaccurate books and records, Lewis violated FINRA Rules 4511 and 2010. By failing to maintain accurate books and records, StockKings Capital violated Section 17(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 17a-3 and 17a-5 thereunder, and it violated FINRA Rules 4511 and 2010. Finally, StockKings Capital failed to make all of the required disclosures with respect to the intended use of proceeds, offering expenses, and the amount of selling compensation to be paid in its offering documents in 2015 and 2018 and, relatedly, failed to timely file offering documents with FINRA for two separate member private offerings in 2015 and 2018. As a result, StockKings Capital violated FINRA Rules 5122 and 2010.
Wondering whether you can sue your financial advisor or Stockkings Capital LLC? The investment loss attorneys at Gana Weinstein LLP can answer that question after a free review of your account statements. We welcome all inquiries.