Bradley Holts, World Capital Securities, Barred by Securities Regulator after Allegations
On February 27, 2023, the Securities and Exchange Commission (“SEC”) alleged that Bradley Morgan Holts, while registered as a broker in Denver, Colorado, misappropriated $186,382 from three elderly investor customers. Holts purportedly falsely told these investors that he would invest their money in securities of mutual funds offered by investment management firm Invesco Ltd. Instead, Holts allegedly stole the investors’ money and used the money to pay personal expenses, including clothing, tanning salons, adult and dating websites, and a divorce lawyer.
The SEC alleged in the complaint that the three customers have never been repaid. The SEC further alleged that Holts’ misconduct was “intentional, repeated, and egregious, causing substantial losses to his elderly victims.”
The regulator is reportedly demanding a trial by jury, according to the complaint.
On July 28, 2021, the Financial Industry Regulatory Authority (FINRA), the self-regulator who oversees brokers and brokerage firms, reportedly barred Holts (CRD # 5819398) from the securities industry, according to a Letter of Acceptance, Waiver and Consent.
FINRA BrokerCheck Profile – Bradley Holts
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them. Holts was reportedly affiliated with the following firms during his career:
10/09/2020 – 07/15/2021, WORLD CAPITAL BROKERAGE, INC. (CRD#:37), DENVER, CO,
B, 03/04/2020 – 10/08/2020, SUPREME ALLIANCE LLC (CRD#:45348), CHARLOTTE, NC
B, 01/02/2015 – 05/02/2018, CAPITAL ONE INVESTING, LLC (CRD#:45744), Houston, TX
B, 05/13/2014 – 01/02/2015, CAPITAL ONE INVESTMENT SERVICES LLC (CRD#:25658), BEAUMONT, TX
Failure to Supervise
All broker-dealers have a responsibility to adequately supervise its employees. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses. If your broker has defrauded you, you may be able to file a FINRA claim against your brokerage firm.
FINRA Rule 3110 (Supervision) requires a firm to establish and maintain a system to supervise the activities of its associated persons that is reasonably designed to achieve compliance with the applicable securities laws and regulations and FINRA rules.
The White Law Group is investigating potential securities claims involving World Capital Brokerage and its alleged failure to supervise broker Bradley Holts.
When brokers violate securities laws, such as making unauthorized trades or misappropriating funds, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. FINRA arbitration is generally a faster and less expensive alternative to traditional litigation.
If your broker has defrauded you, you may be able to file a claim with FINRA to seek resolution through arbitration. FINRA arbitration can be a complex and technical process, and having an experienced attorney who is knowledgeable about securities law can greatly increase your chances of success.
Hiring a FINRA Attorney
The experienced FINRA attorneys at the White Law Group can help you with the arbitration process including evaluating the merits of your claim and determining whether you have a strong case for arbitration.
After drafting a statement of claim that accurately reflects the allegations of fraud and the damages you are seeking, our attorneys will represent you at the arbitration hearing, present evidence and make arguments on your behalf. They may be able to negotiate a settlement for you before going to arbitration.
If you have suffered losses investing with Bradley Holts, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 30 years of securities law experience, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses. For more information, please visit our website, www.whitesecuritieslaw.com.
Tags: Bradley Holts, broker investigation, Denver Co, failure to supervise, World Capital Securities Last modified: June 20, 2023