Andrew Bellamah Allegedly Misrepresented the Oversight of a Donor Advised Fund

Andrew Bellamah (CRD #: 2171352), a broker registered with Capitol Securities Management, is facing an investor dispute. This is according to his BrokerCheck record, accessed on December 12, 2023. Details concerning this dispute are provided below. 

On September 1, 2023, an investor alleged that Andrew Bellamah misled him regarding the oversight of a Donor Advised Fund and failed to take into account a client’s directives regarding the management of the account during market volatility leading to losses. The investor is seeking $120,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misleading investors violates this rule. 

Background Information 

Andrew Bellamah has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 53 Municipal Securities Principal Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in 24 states and is a registered investment adviser in Florida, Maryland, and Texas. 

During his 32 years of experience, Andrew Bellamah has registered with three firms: 

• Capitol Securities Management (CRD #: 14169) 
• BNB Wealth Management (CRD #: 107703) 
• Intercoastal Capital Markets (CRD #: 83) 

Kurta Law Can Help 

If you have worked with Andrew Bellamah and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.