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Bolton Global Capital

Kurta Law is investigation recommendations made by Bolton Global Capital (CRD#: 15650) brokers. The firm is headquartered in Bolton, Massachusetts. Bolton Global Capital is affiliated with Delta Financial Insurance Brokerage and investment advisory firm Bolton Global Asset Management.

Bolton Global Capital has also operated as Delta Equity Services Corporation and Clary Financial Planning Services.

Fees and Conflicts of Interest

Investors should become familiar with the information disclosed in Bolton Global Capital’s Customer Relationship Summary (Form CRS):

You’ll pay commissions on each transaction, and may face markups or markdowns. Fixed income transactions may have markups/markdowns charged by your broker on top of those charged by the firm.
Variable annuities charge their own additional fees, and may induce surrender charges when you sell them early.
When you purchase structured products, the firm receives sales credits and additional compensation through its Structured Product Arranger.
Brokerage accounts also charge administrative fees, summarized in the firm’s Schedule of Service Fees.
Bolton Global Capital’s fees are negotiable and will vary based on your trading frequency, quantity, type of account, and the investments you trade in.
If your broker is also a registered investment advisor with Bolton Global Asset Management, they may receive extra compensation for providing investment advisory services.
Your broker may be compensated for recommending variable insurance or annuity products offered by Delta Financial Insurance Brokerage.
If a foreign finder introduces you to Bolton Global Capital, the firm pays them a referral fee.
You may have the option to enter a performance fee arrangement, which earns the firm more money when your investments perform better.

In particular, Bolton Global Capital discloses the following fees associated with mutual funds:

Transaction fees will reduce the value of your mutual fund investment. Mutual funds also charge 12b-1 fees that are paid to the firm and your broker.
If you invest in a no transaction-fee mutual fund, you may end up paying more over time than with a different mutual fund with lower internal fees.
When you invest in certain offshore mutual funds, Bolton Global Capital may receive additional compensation via a revenue sharing agreement.

Broker-Dealer Services

Besides stocks and bonds, Bolton Global Capital offers the following investments. However, some of these products may come with costly fees and high risk for investors:

Regulatory Actions

Kurta Law wants investors to know that Bolton Global Capital has allegations of SEC and FINRA rule violations on its record. These allegations are disclosed on the firm’s detailed BrokerCheck page.

Alleged Violation of Regulation S-P

On November 3, 2023, Bolton Global Capital consented to the entry of findings that it allegedly failed to establish a system of supervision reasonably designed to comply with Regulation S-P of the Securities Exchange Act of 1934.

According to a Letter of Acceptance, Waiver & Consent (AWC), the firm allegedly did not require third-party service providers to use multi-factor authentication between October 2020 and October 2021.

On August 12, 2021, an unauthorized third party allegedly gained access to the firm’s network and data, including the records and nonpublic personal information of more than 6,000 firm clients.

Bolton Global Capital consented to a censure and $75,000 fine. You can access the full AWC here.

Alleged Violation of FINRA Rules

On March 14, 2018, FINRA alleged that the Fixed Income Investigations Team of its Department of Market Regulation found that Bolton Global Capital violated FINRA rules with regard to the pricing of corporate bond transactions between October 1 and December 31, 2015.

In an AWC, FINRA alleged that the firm failed to sell corporate bonds at a fair price in seven client transactions. The firm’s supervisory system allegedly was not reasonably designed to achieve compliance with securities laws and FINRA rules involving fixed income markups and markdowns.

FINRA censured Bolton Global Capital, ordered it to revise its supervisory procedures, fined it $32,500, and ordered it to pay restitution of $14,422.17 plus interest. You can read the AWC here.

Brokers with Misconduct Allegations on Their Records

Kurta Law knows of the following brokers with disputes on their records that are currently or formerly associated with Bolton Global Capital. If you have concerns about your broker’s conduct, reach out to a securities attorney.

Enrique Ortega: https://www.kurtalawfirm.com/blog/enrique-ortega/
Raul Rohr: https://www.kurtalawfirm.com/blog/raul-rohr/

Kurta Law Can Help

Investors who lost money working with a Bolton Global Capital broker or advisor should reach out to an investment fraud lawyer for help. Our attorneys offer free case evaluations and do not charge a fee unless we win your case. Call (877) 600-0098 or email info@kurtalawfirm.com.