Daniel Cleophas Alcide, of Red Bank, New Jersey, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been named in a customer initiated investment related written complaint on December 3, 2015, in which the customer requested $150,000.00 in damages based upon allegations that Alcide engaged in high pressure sales tactics, made misrepresentations concerning private placement investments, and defrauded the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Alcide has been named in two additional customer initiated investment related customer disputes concerning allegations of his misconduct while employed with J.P. Turner & Company, L.L.C. and Maxim Group LLC. Particularly, on July 28, 2010, a customer initiated investment related written complaint regarding Alcide’s conduct was settled for $300,000.00 in damages based upon allegations that Alcide effected unsuitable corporate debt transactions in the customer’s account.
Additionally, on June 9, 2012, a customer filed an investment related written complaint involving Alcide’s conduct, in which the customer requested $65,000.00 in damages based upon allegations that Alcide effected unauthorized over-the-counter equity transactions in the customer’s investment account, and did not abide by the customer’s investment-based instructions.
Alcide’s registration with J.P. Turner & Company, L.L.C. ended on December 15, 2014. Since December 15, 2014, he has been registered with National Securities Corporation.
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