Chris Laffey: $1.6mm Complaint Against Alexander Capital Advisor

Red Bank, New Jersey financial advisor Chris Laffey (CRD# 859962) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Alexander Capital, having previously been registered with Ladenburg Thalmann & Company.

Mr. Laffey’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in October 2024, alleges that as a representative of Alexander Capital, he breached his fiduciary duty, acted negligently, breached contract, violated FINRA Rule 2010, and engaged in fraudulent inducement. The pending complaint alleges damages of $1,694,000.

An earlier investor complaint, filed in 2022, alleges that as a Alexander Capital, he misrepresented material facts regarding a promissory note investment, breached his fiduciary duty, and acted negligently. The pending complaint alleges unspecified damages.

A third investor complaint, filed in 1992, alleged that he made unauthorized trades and failed to disclose the risks of short-selling. The complaint reached a settlement of $200,000.

A fourth investor complaint, filed in 1994, alleged that as a Tucker Anthony representative, he churned investments. The complaint reached a settlement of $48,000.

A fifth investor complaint, filed in 1998, alleged excessive, unsuitable, and unauthorized trades while he was a representative of Schroder & Company. In 1999 the complaint reached a settlement of $65,000.

A sixth investor complaint, filed in 1980, alleged that he failed to use stop loss orders, resulting in losses. The complaint reached a settlement of $15,000.

According to the Financial Industry Regulatory Authority, Chris Laffey holds 45 years of securities industry experience. Based in Red Bank, New Jersey, he has been registered as a broker with Alexander Capital since 2015. His past registrations include Ladenburg Thalmann & Company (2015), Gilford Securities (2001-2015), HC Wainwright & Company (2001), Wertheim Schroder & Company (1992-1995), Tucker Anthony (1983-1992), Paine Webber (1980-1983), and Blyth Eastman Dillon & Company (1978-1980). His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 28 state licenses. (Information current as of November 25, 2024.)

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