I never thought I would see any money from my investment. Their commitment letter clearly states that the 2% is of the equipment value. Prior customer disputes that have been resolved include: In a currently pending matter a customer of Trident Partners alleges unauthorized trading in VXX Exchange Traded Notes, an investment the customer alleges was unsuitable in light of the customer’s investment objectives and risk tolerance. Hotton has numerous customer complaints seeking damages on his official FINRA records, including an arbitration award of $2.35 million in damages to one customer. It is extremely unethical that this company takes payments before actually coming through and providing funding for its customers. What was disclosed regarding the investment product, and what alternative choices might be available for making a similar strategic investment that might be more diversified or fully liquid? Phone: 1-800-393-0493 Local: (631) 851-0918. Suite R-275, Austin, TX, 78738 How reliable was the track record of the underlying investment(s) and what was disclosed regarding the sponsor, manager, and underlying business(es)? The Registered Agent on file for this company is American Capital Partners LLC and is located at 31 Lesters Chapel Rd 31 Lesters Chapel Rd, Jackson, TN 38301-9582. American Capital Partners, LLC. Philadelphia, PAAventura, FLLos Angeles, CA. All inquiries are confidential. This is a very unethical company that takes first and last months payments on a lease, which is normal on legitimate leasing companies, but then does not provide the financing. The firm is affiliated, or under common control with Partners Capital Services, Inc, who shares the same president as American Capital Partners LLC. Are too many eggs in one basket? Our practice is limited to the representation of investors. Some advertisers may pay us for this ad to appear on our website or provide us with a referral fee. Michael Montelli of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is referenced in a customer initiated investment related written complaint on April 11, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations that (1) margin was utilized without the … American Capital Partners, LLC (“ACP”) is a full service investment firm founded in 2002: Headquartered in Hauppauge, New York with four offices in New York City, NY; Columbus, GA; Atlanta, GA and Jacksonville, FL. The firm’s seasoned management has over eighty years of experience in the securities industry. Started in 1995, American Capital Group provides funding for businesses to obtain equipment. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. The company's filing status is listed as Inactive - Revoked (Revenue) and its File Number is 000720346. We need it about 40k and they only approved us for 12k but then say that they are taking 2% of the 40k. That was 3 weeks ago. It's a very clever ***, especially since they tell you you're approved upfront and charge a doc fee. In 2006 the New York Stock Exchange sanctioned Longo with a censure and a 4 month suspension to resolve allegations that he engaged in conduct inconsistent with just and equitable principles of trade. For historical information provided by RBC Correspondent Services, please see: For Options Order Routing Reporting please view the same Order Routing Link under the "Listed Options" tab. For current information provided by RBC Correspondent Services, please see:
What the company fails to explain is that they ask you how much you need without even running your credit, and that's what they base their 2% fee on. If you request to cancel the process because they don't respond to your emails, phone calls, or voicemails, then they'll keep the doc fee and charge you 2% percent of the equipment. Fax/Other: (631) 234-1311. Prior to that he was employed by American Capital Partners from 11/2008-10/2009. We are providing FREE consultations via PHONE or VIDEO conferencing for your safety and convenience. American Capital Partners, LLC. Blog article. Several of the disputes involve exchange traded note sales to customers while he was registered with Trident Partners. If you wish that your prior post be removed, submit a notarized letter. American Capital Group was first mentioned on PissedConsumer on May 27, 2014 and since then this brand received 4 reviews.. American Capital Group ranks 62 of 1799 in Financial Services category. This company is a fraudulent operation. The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us.
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