Crown Capital Securities

Broker Lawrence Davis in Crown Capital Securities, L.p. Firm Has Customer Complaint

January 31, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Davis (Davis), previously associated with Crown Capital Securities, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $25,000.00 on July 22, 2021.

The customer alleges lack of suitability, overconcentration and misrepresentation in regards to an investment in an alternative product.

Broker James Mcisaac in Crown Capital Securities, L.p. Firm Has Customer Complaint

January 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Mcisaac (Mcisaac), previously associated with Crown Capital Securities, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Mcisaac 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 $125,000.00 on August 19, 2021.

The customer alleges unsuitable recommendations, misrepresentations, and breach of fiduciary duty as it relates to their purchase of alternative investments.

Broker Larry Michaels in Crown Capital Securities, L.p. Firm Has Customer Complaint

January 9, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 18, 2024.

Without admitting or denying the findings, Michaels consented to the sanctions and to the entry of findings that he exercised discretion authority without prior written authorization from the customers. The findings stated that Michaels’ member firm did not accept any of the customer accounts as discretionary and the firm’s WSPs prohibited the exercise of discretionary authority in brokerage accounts. The findings also stated that Michaels failed to notify his firm about the full nature of his participation in an OBA. Upon joining his firm, Michaels disclosed his role as an owner of an accounting business and that he was engaged in providing income tax preparation and accounting services and his firm approved this OBA based on this disclosed role. However, Michaels’ work for his company exceeded the scope of his disclosed role as he provided additional services to his company clients, some of which were his firms brokerage customers, including acting as a manager and/or consultant to assist his company clients in managing and growing their businesses. Additionally, Michaels acted as an incorporator and filed articles of incorporation for several businesses on behalf of his company clients, and was listed as a governor, who had the authority to make decisions on behalf of, at least one company.

There are Recent Customer Complaints with Broker Gerald Moneypenny in Firm Crown Capital Securities, L.p.

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Moneypenny (Moneypenny), previously associated with Crown Capital Securities, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Moneypenny 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 $50,000.00 on December 23, 2021.

Claimant’s allegations include but are not limited to, making unsuitable recommendations, negligence, misrepresentation and omission of material facts, and breach of fiduciary duty with regard to the sale of alternative investments. Time period of allegations is November 2007-February 2018.

Broker Gerald Moneypenny in Crown Capital Securities, L.p. Firm Has Customer Complaint

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Moneypenny (Moneypenny), previously associated with Crown Capital Securities, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Moneypenny 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 $50,000.00 on December 23, 2021.

Claimant’s allegations include but are not limited to, making unsuitable recommendations, negligence, misrepresentation and omission of material facts, and breach of fiduciary duty with regard to the sale of alternative investments. Time period of allegations is November 2007-February 2018.

Broker Dennis Haywood in Crown Capital Securities, L.p. Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Haywood (Haywood), previously associated with Crown Capital Securities, L.p., has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Haywood recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 24, 2025.

Failed to timely amend u4 for a written complaint

There are Recent Customer Complaints with Broker Hugh Barndollar in Firm Crown Capital Securities, L.P.

March 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hugh Barndollar (Barndollar), previously associated with Crown Capital Securities, L.P., has at least 3 disclosable events. These events include 2 customer complaints, one regulatory, alleging that Barndollar recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 24, 2025.

Barndollar is subject to the revocation, restriction or suspension of registration by being subject to an awc in finra and failed to timely amend u4 form for a written complaint and arbitration settelement

Broker Lanny Howarter in Crown Capital Securities, L.p. Firm Has Customer Complaint

March 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lanny Howarter (Howarter), previously associated with Crown Capital Securities, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Howarter 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 $325,000.00 on October 16, 2024.

Customers allege breach of fiduciary duty, lack of suitability, impermissible overconcentration and misrepresentation & omission of material information in the sale of an alternative investment.

Broker Frederick Atiyeh Accused of Selling Unsuitable Alternative Investments

September 19, 2022 | by Staff Attorney

Advisor Frederick Atiyeh (Atiyeh), currently employed by brokerage firm Crown Capital Securities, L.P. (Crown Capital) has been subject to at least four disclosures and customer complaints. According to a BrokerCheck report the customer complaints concern alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products and have recovered in excess of $50 million in investor losses.

In August 2021 a customer complained that Atiyeh violated the securities laws by alleging that Atiyeh made misrepresentation of the risk factors in regards to the purchase of several alternative investments. The claim is currently pending and the investor seeks $50,000 in damages.

In February 2021 a customer complained that Atiyeh violated the securities laws by alleging that Atiyeh engaged in a lack of proper due diligence, lack of suitability and over concentration in regards to investments in alternative and variable annuity products. The claim is currently pending.

Crown Capital Advisor Kenneth Barroga Has Alternative Investment Complaints

December 2, 2020 | by Staff Attorney

Advisor Kenneth Barroga (Barroga), currently employed by Crown Capital Securities, L.P. (Crown Capital) has been subject to at least five customer complaints during the course of his career. According to a BrokerCheck report most of these customer complaints appears to concern unsuitable investments in alternative investments. These allegations may also concern investments in GPB Capital Holdings (GPB Capital) related investments. Crown Capital is known to have approved their brokers to sell GPB Capital to their clients.

GPB Capital is facing multiple accusations of being a Ponzi scheme, an ongoing U.S. Securities and Exchange Commission (SEC) and FBI investigations, and even GPB’s chief compliance officer being indicted for illegally obtaining information on the SEC’s investigation. Now even Volkswagen and Toyota are threatening to pull the plug on GPB Capital auto dealerships. While advisors have been telling investors to do absolutely nothing and just hang in there – this is nothing more than just additional poor advice. In November 2019 GPB Capital’s admitted that no financial audit would occur anytime in the near future. The firm has admitted that it has never been profitable and has merely returned investor capital in the past in order to fake a successful business model. In sum, investors now know there is nothing to hang onto. By the day, advisor recommendations to do nothing appear to be completely self-serving, out of the loop, and not in the interest of the investor.

In June 2020 a customer complained that Barroga violated the securities laws by alleging that Barroga engaged in sales practice violations related to lack of suitability, breach of fiduciary duty, misrepresentation and omissions of material facts and lack of due diligence in connection with transactions in alternative investment products. The claim alleges $180,000 in damages and is currently pending.

In November 2018 a customer complained that Barroga violated the securities laws by alleging that Barroga engaged in sales practice violations related to misrepresentations concerning REITs and unsuitable investments in alternative investments. The claim alleges $250,000 in damages and resolved for $160,097.69 with another party settling for $40,000.