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Read MoreDebra Cappos: Momentum Advisor Received Suitability Complaint
Oak Park, California financial advisor Debra Cappos (CRD# 1287041) allegedly mis-managed a customer’s account, according to a denied investor complaint. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Momentum Independent Network, having previously been registered with Western International Securities.
Ms. Cappos’ BrokerCheck report discloses three investor complaints. The most recent, filed in October 2024, alleged that as a representative of Momentum Independent Network, she mis-managed the account and recommended investments that performed poorly. The complaint alleged unspecified damages and was denied by the firm.
A second investor complaint, filed in 2009, alleged that as a Wells Fargo Advisors representative, she misrepresented material facts relating to an investment in a variable annuity product. The complaint alleged unspecified damages and was denied by the firm.
A third investor complaint, filed in 2001, alleged that as a representative of Salomon Smith Barney, she misrepresented and mis-managed an investment, resulting in tax consequences. The complaint alleged unspecified damages and was denied by the firm.
When a complaint is denied by the firm that receives it, for reference, this denial does not necessarily mean the complaint was groundless. Investors can still pursue recovery through other actions, like FINRA arbitration claims.
Momentum Independent Network’s website includes a page describing the firm’s services and approach as an independent broker-dealer and investment adviser. “We’ve built our business on a commitment to providing advisors with customized solutions and personal service,” it explains. “We have the resources and experience to help advisors grow their practice on their terms, while focusing on the needs of their clients.”
According to the Financial Industry Regulatory Authority, Debra Cappos holds 39 years of securities industry experience. Based in Oak Park, California, she has been registered as a broker and an investment advisor with Momentum Independent Network since 2022. Her past registrations include Western International Securities, Crowell Weedon & Companny, the Seidler Companies, Wachovia Securities, Salomon Smith Barney, Prudential Securities, Kemper Securities Group, and Bateman Eichler Hill Richards. Her credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. She is licensed in Arizona, California, Florida, Hawaii, Illinois, Indiana, Massachusetts, Michigan, Nevada, New York, North Carolina, South Carolina, Texas, and Washington. (Information current as of December 23, 2024.)
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.
