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Call Options Complaint Against Q Capital Solutions Advisor Bob Quinlan
Manasquan, New Jersey financial advisor Bob Quinlan (CRD# 4182804) recently received an investor complaint alleging he recommended a high-risk investment strategy that resulted in six-figure losses. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former LPL Financial broker is currently an investment advisor with Q Capital Solutions.
Mr. Quinlan’s BrokerCheck report discloses two investor complaints. The most recent, filed in August 2022, alleges that as a representative of Q Capital Solutions, he “embarked on a high-risk strategy of concentrating account positions with equity purchases and call options,” and that this strategy was unsuitable for the customer. The pending complaint alleges damages of $250,000.
In a statement included in the complaint’s disclosure, Mr. Quinlan defends himself against the claim, stating that he “vehemently denies all allegations and intends on vigorously defending against them.”
An earlier investor complaint, filed in 2021, alleged that as a representative of Q Capital Solutions, he made reckless and unsuitable options purchases that constituted a breach of his fiduciary duty. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $300.
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Bob Quinlan holds 22 years of securities industry experience. Based in Manasquan, New Jersey, he has been an investment advisor with Q Capital Solutions since July 2018. His past registrations include LPL Financial, Private Portfolio Partners, Insight Private Advisors, Royal Alliance Associates, Fisher Investments, MetLife Securities, Metropolitan Life Insurance Company, and AXA Advisors. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed as an investment advisor in Florida, New Jersey, and Texas. He is not currently registered as a broker. (Information current as of October 19, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.