North Capital Private Securities Corporation Tag Archives

The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as North Capital Private Securities Corporation, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.

North Capital Private Securities is a managing broker-dealer that supports private securities offerings under Regulation D, Regulation A, and Regulation Crowdfunding, providing compliance review, investor verification, payments and closings, and recordkeeping, and also acts as distributor and agency broker for private funds, registered funds, and REITs. Based in Midvale, Utah, and registered in all 50 states, the firm has reviewed more than 5,300 deals and processed over 500,000 private market transactions alongside affiliates North Capital and North Capital Investment Technology.

North Capital Private Securities Corporation – By the Numbers:

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Drew (Drew), previously associated with North Capital Private Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Drew 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 $295,000.00 on March 25, 2024.

In their Statement of Claim, as amended, Claimants [REDACTED] (‘REDACTED]’), [REDACTED] (‘[REDACTED]’) and [REDACTED] (‘[REDACTED]’) allege failure to supervise, unsuitable investment recommendations, breach of fiduciary duty and violation of federal and state securities laws in connection with alleged events occurring after [REDACTED], Orion Magnetar Asset Management, LLC’s (entity of [REDACTED]) and Rogers Software Development, Inc. (entity of [REDACTED]) investment in two real estate offerings. [REDACTED] invested $70,000 in FRF 348 Quincy, LLC on March 25, 2018, Orion Magnetar Asset Management, LLC invested $50,000 in FRF 348 Quincy, LLC on April 8, 2018 and $75,000 in FRF 1555 Pacific, LLC on January 5, 2019 and Rogers Software Development, Inc. invested $100,000 in FRF 348 Quincy, LLC on April 13, 2018. Daniel Drew was an associated person and registered representative of the Firm from October 23, 2017 until April 1, 2022. Claimants’ allegations against the Firm are primarily based on allegations of various wrongdoings by the companies managing the underlying properties invested in by FRF 348 Quincy, LLC and FRF 1555 Pacific, LLC, XYZ Group and Cassaforte Limited. It is the Firm’s understanding that XYZ Group and Cassaforte Limited are currently in separate litigation of which the Firm has no part.

Articles Tagged with North Capital Private Securities Corporation

North Capital Private Securities Corporation

There are Recent Customer Complaints with Broker Daniel Drew in Firm North Capital Private Securities Corporation