Super Lawyers
AVVO
Million Dollar Advocates Forum
Martindale-Hubbell
BBB Accredited Business

Chuck Laubach of Capital Portfolio Management Suspended by FINRA

Chuck Laubach (CRD#: 1097453), a 36-year veteran of the securities industry whose career spans seven firms and who isGettyImages-513067681-300x200 currently registered with Capital Portfolio Management in Timonium, Maryland, entered into an AWC on June 20, 2019 in which he consented to a ten-day suspension by FINRA for effecting discretionary transactions without proper authorization, according to his BrokerCheck report accessed on August 6, 2019. The suspension lasted from July 15, 2019 to July 26, 2019.

He is currently involved in a pending customer dispute filed on March 7, 2017 in which a client alleges that “Customers were not properly credited with their dividend election from GSV Capital Corp.,” according to his BrokerCheck report.

On February 23, 2015 Ameriprise Financial Services Inc. terminated Chuck Laubach for violating “company policy related [to] the firm’s solicitation policy of equity securities and mismarking of trade secrets.” About a year later, on March 18, 2016, Chapin Davis Investments terminated Chuck Laubach for “mis-marking transactions tickets and [failing] to follow written supervisory procedures.” When the Colorado Division of Securities found out about these allegations of mismarking transactions, they restricted his registered representative license on October 2016.  Later, on July 23, 2018, he withdrew his license from Colorado and agreed not to reapply.

Over the years, Chuck Laubach has been involved in other disputes.

He settled a customer dispute for $20,000. When filing a complaint on October 12, 2012, the client originally requested $143,957 in damages.

=Wells Fargo settled a client dispute for $32,500 after one of Chuck Laubach’s client alleged on August 8, 2005 that “financial advisor made unsuitable investment recommendations, churned her accounts and misappropriated funds in her accounts.” Churning occurs when a broker makes excessive trades in customer accounts to generate extra commissions. Chuck Laubach, in his broker comment, stated that he was not involved in the settlement.

Smith Barney settled a customer dispute for $60,000 after a client alleged on July 11, 1994 that Chuck Laubach engaged in unauthorized trading. The client originally requested $110,000 in damages. In his broker comment, Chuck Laubach stated that he was excluded from the settlement process and did not consent to this settlement.

He settled a customer dispute for $22,500 after a customer alleged that he made unsuitable recommendations. The claim was reported on December 1, 1991. According to the broker, this was “settled with no wrong doing.”

Chuck Laubach has also been registered with the following firms:

  • Chapin, Davis (CRD#: 28116) of Baltimore, Maryland
  • Ameriprise Financial Services, Inc. (CRD#: 6363) of Timonium, Maryland
  • Wells Fargo Advisors, LLC (CRD#: 19616) of Lutherville, Maryland
  • Morgan Stanley DW Inc. (CRD#: 7556) of Purchase, New York
  • Smith Barney Inc. (CRD#: 7059) of New York, New York
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#: 7691)

If you’ve worked with Chuck Laubach or have questions about excessive commissions or unauthorized trading, don’t hesitate to contact the experienced securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for your free consultation.

Contact Information