Teryl Lee Trenchard, of Reston, Virginia, a stockbroker formerly registered with Capitol Securities Management, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $1,800,000.00 in damages based upon allegations that Trenchard misappropriated the customer’s assets, traded in the customer’s account without authorization, and placed exchange traded fund, options and equity transactions in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02206 (Sept. 1, 2017).
FINRA Public Disclosure reveals that Trenchard has been identified in three additional customer initiated investment related disputes containing allegations of Trenchard’s misconduct while employed with Aegis Capital Corp and Prudential Securities Incorporated. In particular, on November 16, 2000, a customer initiated investment related written complaint regarding Trenchard’s activities was resolved for $28,049.49 in damages founded upon allegations of unauthorized equity trading in the customer’s investment account.
Trenchard was then subject of a customer dispute filed on May 9, 2003, wherein the customer sought $10,000.00 in damages based upon allegations that mutual fund trades were placed in the customer’s account without the customer’s consent. Thereafter, a customer filed an investment related arbitration claim involving Trenchard’s conduct, where the customer requested $700,000.00 in damages based upon allegations of suitability, conversion, breach of contract and breach of fiduciary duty. FINRA Arbitration No. 17-01664 (June 23, 2017).
Trenchard was fired by Capitol Securities Management on March 10, 2017 – the same day that FINRA launched an investigation into Trenchard for possibly defrauding investors.
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