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Jason Zahtila, American Capital Partners Broker, Subject Of Eight Customer Disputes

Jason Zahtila (Jason Luke Zahtila CRD#: 4009691) is a currently registered broker and investment advisor employed with American Capital Partners, LLC (CRD#: 119249) of Hauppage, NY. His previous employers include JW Genesis Financial Services, Inc. (CRD#:11025) of St. Louis, MO and Morgan, Taylor & Associates, Inc. (CRD#:37447) of Mineola, NY.  He has been in the industry since 2000.  Zahtila is the subject of eight disclosures, all customer disputes. The most recent is a pending dispute, filed on 10/26/2020, alleging “unsuitable investments, churning and commission charges” with requested damages of $900,000.00. Zahtila denies the allegations and intends to defend himself in the matter.  A previous disclosure filed on 2/12/2015 by a different client had similar allegations of unsuitability and churning. The client requested damages of $384,224.87, and the claim was settled through mediation for $80,000 to avoid the cost of litigation.Jason Zahtila (Jason Luke Zahtila CRD#: 4009691) is a currently registered broker and investment advisor employed with American Capital Partners, LLC (CRD#: 119249) of Hauppage, NY. His previous employers include JW Genesis Financial Services, Inc. (CRD#:11025) of St. Louis, MO and Morgan, Taylor & Associates, Inc. (CRD#:37447) of Mineola, NY.  He has been in the industry since 2000.

Zahtila is the subject of eight disclosures, all customer disputes. The most recent is a pending dispute, filed on 10/26/2020, alleging “unsuitable investments, churning and commission charges” with requested damages of $900,000.00. Zahtila denies the allegations and intends to defend himself in the matter.

A previous disclosure filed on 2/12/2015 by a different client had similar allegations of unsuitability and churning. The client requested damages of $384,224.87, and the claim was settled through mediation for $80,000 to avoid the cost of litigation.

A third disclosure filed on 5/17/2011 included allegations of fraud, breach of contract and breach of fiduciary duty. The client requested damages of $100,000 and settled for $42,500. Although the firm settled the claim to avoid the expenses of litigation, Zahtila and American both dispute the allegations.

Another customer claim of “unsuitability” was filed on 11/3/2009, requesting damages of $900,000, and settled for $120,000. Again, Zahtila denied the allegations.

Allegations of misrepresentation, negligence and breach of fiduciary duty by Zahtila were filed in a complaint on 5/15/2002. The firm settled the claim in arbitration for the requested amount of $4,200.

Still another client filed “unauthorized trading in Nextel stock” allegations on 2/2/2002, requesting $250,000 in damages. Zahtila settled with the client in arbitration for $100,000 to avoid the expense of litigation.

The dispute filed on 2006 regarding a stop-loss was denied, and no settlement payment was made.

Allegations Of Churning

The two most recent disputes against Zatila include allegations of churning, which is a serious issue in the securities industry.

Otherwise known as excessive trading, churning occurs when a stockbroker buys and sells securities in a customer’s account solely for the purpose of generating commissions, and it is a violation of securities laws and FINRA Rules.

Have You Invested With Jason Zatila?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.

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