Peter Chernin: Ex-Great Point Advisor Faces $1mm Investor Complaint

Chicago, Illinois financial advisor Peter Chernin (CRD# 6787497) allegedly recommended unsuitable investments, according to recent investor complaints. Financial Industry Regulatory Authority records show that he is registered as a broker with Quincy Wells Capital, having previously been registered with Great Point Capital.

Mr. Chernin’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2026, alleges that as a representative of Great Point Capital, he made unsuitable and negligent investment recommendations, violated Regulation Best Interest, misrepresented and omitted material facts, over-concentrated investments, violated state and federal securities laws, breached his fiduciary duty, and failed to conduct reasonable due diligence. The pending complaint alleges damages of $815,678.

A second investor complaint, filed in February 2026, alleges that as a representative of Great Point Capital, he breached his fiduciary duty and acted negligently. The pending complaint alleges damages of $1 million.

A third investor complaint, filed in 2023, alleged that as a Great Point Capital representative, he recommended unsuitable investments. The complaint, in which he was not named as a respondent, reached a settlement of $637,500.

According to the Financial Industry Regulatory Authority, Peter Chernin holds nine years of securities industry experience. Based in Chicago, Illinois, he has been registered as a broker with Quincy Wells Capital since May 2026. His past registrations include Great Point Capital and Sandlapper Securities. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Direct Participation Programs Representative Examination, or Series 22; and the Uniform Securities Agent State Law Examination, or Series 63. (Information current as of July 21, 2026.)

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