Cap Clegg Allegedly Failed to Prevent Insurance Policy From Lapsing

Cap Clegg (CRD #: 725190), a broker registered with Commonwealth Financial Network, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on November 17, 2022. Keep reading if you want to know more about his conduct as a broker.

Investor Dispute

On August 18, 2022, an investor alleged that Cap Clegg failed to send the correct premium payment to prevent their insurance policy from lapsing, and failed to dispute the lapse with the insurance company. The client sought $300,000 in damages but the dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an external review. Investors may be able to recover their funds by pursuing FINRA arbitration after a denial.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Cap Clegg has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 52 – Municipal Securities Representative Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Cap Clegg is a registered broker in 25 states and a registered investment adviser in Ohio.

He has also worked for the following firms:

• Columbus Financial Concepts (CRD#:120812)
• First Alliance Financial Services (CRD#:7161)
• John Hancock Mutual Life Insurance Company (CRD#:5181)
• John Hancock Distributors (CRD#:468)

Kurta Law Can Help

If you worked with Cap Clegg and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.