Published On: July 20, 2015

Stoltmann Law Offices is investigating Capital Management Solutions and its registered investment advisor, Charles J. Dushek. According to a Consent Order of Revocation and Prohibition from the State of Illinois Secretary of State Securities Department, that between 2008 and 2012, Dushek and Capital Management Solutions placed hundreds of millions of dollars in securities trades for investors and did not allocate whether the trades were being purchased personally or for clients. They allegedly made block purchases in the company’s brokerage account that were later allocated to client accounts or to accounts of the company and Dushek. They also delayed these trades, sometimes waiting one day or several days. This was for the purpose of knowing which trades were profitable for themselves. This is sometimes referred to as a “cherry-picking” scheme, which is when trades are delayed for the purpose of “picking” more profitable trades.

Dushek was registered with Lehman Brothers in New York from March 1991 until March 1992, Merrill Lynch in New York from March 1993 until November 1995, Horwitz & Associates in Highland Park, Illinois from November 1995 until August 1997, and GS2 Securities in Milwaukee, Wisconsin from July 1997 until December 1998. He is not currently registered with any member firm and the SEC permanently barred him from acting as a broker or investment adviser. If you would like to sue Charles J. Dushek, please call our securities law firm at 312-332-4200 in Chicago to speak to an attorney. We sue firms such as Capital Management Solutions for not reasonably supervising Dushek and other brokers. The call is free.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys