American Capital Partners - (Michael Prendergast
American Capital Partners - Michael Prendergast Ripoff Unauthorized Trading bought & sold stocks without permission

I have been the victim of "Unauthorized Trading" practices which has resulted in the loss of $12,795. I was under the impression that "Unauthorized Trading was against the law; however all the Agencies I have contacted fail to respond to my allegations. I have filed complaints with the: SEC (Securities & Exchange Commission), NASD (Dispute Resolution), DANY (District Attorney NY/Special Prosecution Bureau), Federal Trade Commission, Nassau County District Attorney's Office, Better Business Bureau and FBI White Collar Crime Center.

Stocks were bought and sold by Michael Prendergast of American Capital Partners without consultation and/or my authorization. I was put into a Margin Account against my wishes. I contact Eric Drewes a Branch Manager of the Company and his solution was that I invest additional money into the account.

I was referred to NASD by the Securities and Exchange Commission. NASDA suggested a Mediation Dispute Resolution; however American Capital refused to agree to Mediation.

I contact Senator Charles Schumer's office in May and have received not response.

The NASD lists: "Purchasing or selling securities in a customer's account without first contacting the customer and the customer did not specifically authorize the sale or purchase..."; Misrepresenting or failing to disclose material facts concerning an investment..." and "Removing funds or securities from a customer's account without the customer's prior authorization". Michael Prendergast of American Capital has been guilty of these and other "Prohibitive Practices" and yet he has not been investigated nor penalized.

I've been going around in circles with this for over 2 years no government agency I have contacted has attempted to investigate the allegations.

How can I resolve this matter? Can you help or recommend any government agency which would have jurisdiction and/or be will to pursue an investigation?

Company: American Capital Partners - (Michael Prendergast
Country: USA
State: New York
City: Hauppauge
Address: 490 Wheeler Road, Suite 106
Phone: 8002726182

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