Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $430,000.00 in damages based upon allegations of Brodt’s failure to undertake due diligence prior to recommending that the customer purchase direct investments including direct participation programs and limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02876 (Jan. 16, 2020).
FINRA Public Disclosure reveals that Brodt has been referenced in four more customer initiated investment related disputes containing accusations of his violative conduct during the period that he was employed by Ashton Thomas Private Wealth and Accelerated Capital Group. On March 5, 2016, a customer filed an investment related complaint concerning Brodt’s activities in which they requested compensatory damages founded on allegations that their investment portfolio had underperformed resulting in damages.
On December 13, 2016, another customer initiated investment related FINRA securities arbitration claim involving Brodt’s conduct was resolved for $58,333.00 in damages supported by accusations of an unsuitable asset-backed debt investment being recommended for the customer at Ashton Thomas Private Wealth because of Brodt. FINRA Arbitration No. 16-02532. Brodt is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $116,667.00 in damages based upon allegations of poor investment recommendations by Brodt while he was registered with Ashton Thomas Private Wealth. FINRA Arbitration No. 16-02532 (Dec. 13, 2016).
On September 14, 2018, an additional customer initiated investment related FINRA securities arbitration claim concerning Brodt’s conduct was resolved for $95,000.00 in damages founded on accusations of misrepresentations and omissions concerning alternative investments that had been sold to the customer at Accelerated Capital Group. FINRA Arbitration No. 17-01178. According to the claim, there was a breach of contract and breach of fiduciary duty by Brodt as it pertained to those investments. The claim also alleges that the customer’s assets were overconcentrated in alternative investments and that the stockbroker’s negligence resulted in damages.
Brodt’s registration with Accelerated Capital Corp has been terminated as of May 13, 2016. He was registered with Peachcap Securities between July 1, 2016 and August 20, 2018.
