Denes Joseph Chapo III, of Cleveland, Ohio, a stockbroker associated with U.S. Bancorp Investments, is the subject of a customer initiated investment related written complaint on July 10, 2017, in which the customer requested $12,128.25 in damages based upon allegations that Chapo effected unauthorized over-the-counter equities purchases in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Chapo has been identified in four more customer initiated investment related disputes pertaining to accusations of Chapo’s wrongdoing during the time he was registered with Prudential Securities Incorporated and U.S. Bancorp Investments, Inc. In particular, on April 19, 2001, a customer filed an investment related written complaint involving Chapo’s conduct, where the customer sought $20,107.59 in damages supported by allegations that Chapo bought one thousand shares of an over-the-counter equity, eConnect, in the customer’s account without the customer’s consent.
Subsequently, a customer initiated investment related written complaint regarding Chapo’s activities was resolved for $50,000.00 in damages founded on accusations that Chapo executed over-the-counter equities that were unauthorized, excessive and unsuitable. Then, on September 2, 2016, a customer filed an investment related written complaint pertaining to Chapo’s conduct, in which the customer requested $125,000.00 in damages based upon allegations that Cole Income Strategy Real Estate Investment Trust was purchased without the customer’s knowledge or permission.
Chapo is the subject of a customer initiated investment related written complaint on December 8, 2016, where the customer sought $101,358.00 in damages supported by accusations that Chapo executed mutual fund transactions in the customer’s account that were not suitable for the customer.
Chapo’s registration with U.S. Bancorp Investments, Inc. was terminated on July 31, 2017. He has been employed with Fifth Third Securities, Inc. since July 28, 2017.
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