Jason Vincent Mediate of Staten Island New York a stockbroker formerly registered with Alexander Capital L.P. is the subject of a customer initiated investment related complaint on November 15, 2017 in which the customer requested $38,800.00 in damages supported by accusations that the stock and over-the-counter equities transactions effected in the customer’s account during the time Mediate had been associated with Alexander Capital L.P were unsuitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Mediate has been identified in three additional customer initiated investment related disputes that concern allegations of his misconduct while he was employed by Silver Capital Group and Alexander Capital L.P. Particularly, a customer filed an investment related complaint concerning Mediate’s conduct where the customer sought $17,887.99 in damages founded on accusations that unsuitable and unauthorized over-the-counter equities trades had been executed in the customer’s individual retirement account when Mediate was associated with Silver Capital Group.
Then, a customer initiated investment related arbitration claim involving Mediate’s conduct was settled for $112,500.00 in damages based upon allegations that during the period Mediate was employed by Alexander Capital L.P., sales and purchases of over-the-counter equities had been placed in the customer’s account without the customer’s permission. FINRA Arbitration No. 14-02186 (Nov. 17, 2015). Moreover, a customer initiated investment related arbitration claim concerning Mediate’s activities was resolved for $11,000.00 in damages supported by accusations of the customer’s account not being adequately diversified resulting in an over-concentration of the customer’s assets in speculative investments; excessive trading in the customer’s account; misrepresentation of investment information; violation of contractual and fiduciary duties that were owed to the customer; and fraud in regard to the transactions effected in the customer’s account when Mediate was associated with Alexander Capital L.P. FINRA Arbitration No. 17-00044 (Nov. 13, 2017).
Fourteen of the eighteen securities broker dealers Mediate has been associated with, have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
