Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are currently investigating Winfield Capital Partners, LP (Winfield Capital) and its principals Richard Hartnett (Hartnett) and Taryn Hartnett. If you have suffered investment losses with Winfield Capital Partners our firm would be interested in speaking with you. According to a BrokerCheck report, through April 2016 Hartnett was a broker with Morgan Stanley out of the firm’s West Palm Beach, Florida office location. Hartnett has been subject to at least eight customer complaints and one regulatory action during the course of his career.
According to the complaints it appears that Hartnett was indebted to Morgan Stanley in the amount $1,288,872 at or aroud the time he left the firm. In December 2018 Morgan Stanely was able to obtain an arbitration award for this amount against Hartnett which Hartnett may be still liable for. Thereafter, FINRA suspended Hartnett for failing to comply with the award. Prior to leaving Morgan Stanely Hartnett was subject to a number of customer complaints alleging excessive trading that generated large fees and commissions for Hartnett at the client’s expense.
Winfield Capital Partners began soliciting investors in or around 2016 after filing a Regulation D Private Placement offering with the Securities and Exchange Commission (SEC). According to Winfield Capital Partners’ filings the fund sought to raise approximately $55 million in investor funds.
Winfield Capital Partners’ does not disclose the customer complaints against Hartnett or the award Morgan Stanely obtained against him. Instead, the website merely discloses that Hartnett seeks to continue trading investor funds through Winfield Capital Partners.
According to the website, Winfield Capital Partners is a domestic long/short absolute return fund. With a principal objective to produce positive, absolute risk-adjusted returns in all market conditions. Winfield Capital Partners will invest in active exchange traded equity options which will be used to hedge risk and produce income. Harnett claims to be “a nationally recognized expert in listed equity options.”
Any clearing firm agreeing to clear for Winfield Capital Partners should be warned to conduct extensive due diligence and oversight before agreeing to provide services to Winfield Capital Partners.
Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation. At Gana Weinstein LLP, our attorneys are experienced representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.