Charles Louis Laubach (also known as Chuck Laubach) is the subject of a Stipulation and Consent Order issued by the Colorado Division of Securities in which Laubach’s stockbroker licensure has been revoked based on allegations that Laubach engaged in business with customers in the State of Colorado in violation of Colorado’s licensing protocol during the time that Laubach was associated with Capital Portfolio Management. Case No. 2018-CDS-045 (July 23, 2018).
This is not the first time that Laubach has been sanctioned by the securities regulator for misconduct. In particular, restrictions had been placed on Laubach’s licensure according to a Stipulation For Licensing Order based upon findings that Laubach mismarked trades that he effected in customer accounts while registered with Chapin Davis Investments; and violated the firm’s compliance procedures. Case No. 2017-CDS-002 (Oct. 21, 2016). Indeed, the basis of Colorado’s sanctions are referenced in Chaplin Davis Investment’s discharge of Laubach on March 18, 2016. Moreover, Laubach was discharged by previous securities broker dealer, Ameriprise Financial Services Inc., founded on allegations of stock trades being mismarked by Laubach; and Laubach committing violations of policies concerning the solicitation of investments. Laubach seemingly made it appear as though investors requested the trades that he actually solicited from them.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Laubach has been identified in five additional customer initiated investment related disputes pertaining to accusations of his violative conduct while employed with securities broker dealers including Wells Fargo and Smith Barney. For example, a customer initiated investment related complaint involving Laubach’s conduct was settled for $20,000.00 in damages supported by allegations that trades had been placed in the customer’s account without the customer’s authorization. Additionally, a customer filed an investment related civil action involving Laubach’s conduct where the customer sought unspecified damages based upon accusations that customers were not provided dividends that were due on CSV Capital Corp. equities sold to them while Laubach was associated with Chapin Davis Investments.
Laubach has been registered with Capital Portfolio Management Inc. since March 29, 2016.
