Former Capitol Securities Management Broker Teryl Trenchard Investigated for Securities Fraud

According to records kept by the Financial Industry Regulatory Authority (FINRA), former Capitol Securities Management employee Teryl Trenchard is under investigation for fraud. Capitol Securities terminated Trenchard in March 2017, on the same day FINRA began its investigation. In July 2017, a customer filed a complaint alleging breach of fiduciary duty, conversion and unsuitable investments causing $700,000 in damages. The claim is currently pending. He was also accused of engaging in misappropriation, forgery, fraud, and unauthorized trading in unsuitable transactions. The customer lost $1,800,000 in damages. That claim is currently pending. Brokerage firms such as Capitol Securities are required to reasonably supervise their brokers so as to make sure that they do not violate securities laws. If they do not, they can be held liable for securities losses on a contingency fee basis in the FINRA arbitration forum.

According to his online, public BrokerCheck record with FINRA, Mr. Trenchard was previously registered with J.C. Bradford & Co. in New York, New York from June 1997 until February 2000, Prudential Securities Inc. in New York from November 1999 until December 2000, Voss & Co. in Springfield, Virginia from January 2001 until February 2003, Aegis Capital in Springfield from January 2003 until June 2009 and Capitol Securities Management in Reston, Virginia from May 2009 until March 2017. He has four customer disputes against him, two of which are currently pending. He is not currently registered as a broker.