Peter David Schiff of Dorado Puerto Rico is the president and chief executor officer of Euro Pacific Capital Inc. who is subject of a customer initiated investment related arbitration claim where the customer requested $791,607.53 in damages based upon allegations including (1) breach of contract (2) violation of FINRA Rules (3) violation of California Securities Act (4) failure to supervise (5) breach of fiduciary duty (6) misrepresentation and omissions (7) suitability (8) negligence and (9) fraud in reference to private placement investment transactions effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02859 (Oct. 7, 2016).
FINRA Public Disclosure confirms that Schiff has been identified in three additional customer initiated investment related disputes that pertain to accusations of Schiff’s misconduct while employed with Euro Pacific Capital Inc. In particular, on June 17, 2010, a customer initiated investment related written complaint involving Schiff’s conduct was settled for $25,000.00 in damages founded on accusations of unsuitable investment recommendations having been made to the customer concerning foreign equities.
Thereafter, a customer initiated investment related arbitration claim pertaining to Schiff’s activities was resolved for $14,950.00 in damages supported by allegations of unsuitable foreign equities transactions having been placed in the customer’s investment account. FINRA Arbitration No. 11-02110 (Nov. 30, 2011). Further, a customer filed an investment related arbitration claim regarding Schiff’s activities in which the customer sought $600,000.00 in damages based upon accusations of misrepresentation, negligence, breach of the duty of good faith and fair dealing, breach of contract, breach of fiduciary duty, churning, suitability and fraud in regard to penny stock and equity transactions executed in the customer’s account.
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