CoreCap Investments

Kurta Law is investigating investment recommendations made by CoreCap Investments brokers. CoreCap Investments (CRD#: 37068) is a brokerage firm based in Southfield, Michigan. CoreCap Advisory is its affiliated investment advisory firm.

CoreCap Investments has operated under 46 names, including:

• Advantage Benefits and Retirement
• Wingard Financial Group
• Windsor Sheffield & Company
• TLC Insurance
• Tallou Financial Services
• Strang Associates
• Stivers Financial
• Spartan Financial Group
• Solomon Financial
• Sleep Well Retirement

Fees and Conflicts of Interest

Investors should review the fees and conflicts of interest CoreCap Investments discloses in its Customer Relationship Summary (Form CRS):

• You will typically be charged a commission on trades, generally ranging from 1-2.5% of the principal of each trade, but brokers can choose to charge commissions above this range depending on the size and price of the order.
• Certain annuities and mutual funds charge higher commissions, which incentivizes brokers to recommend higher-commission options for these investments.
• Certain mutual fund shares also charge upfront fees. These depend on the size of your purchase, typically up to 5%. Other shares charge fees if you sell before the charges expire.
• Representatives who are registered as both brokers and Registered Investment Advisors (RIAs) may earn greater compensation depending on the type of account they recommend.
• You won’t pay a commission on direct purchases of securities. For example, if you purchase an annuity directly from an insurance company, your broker will receive a percentage of your premium from the company, and you’ll pay surrender charges if you sell that annuity early.
• CoreCap Investments’ clearing brokerage firm, RBC Correspondent Services, may also charge you a fee when you open or close certain types of accounts. For example, opening an IRA or closing an inactive account may incur charges.

Broker-Dealer Services

Investors who have brokerage accounts with CoreCap Investments may invest in stocks, bonds, and the following investment vehicles. also offers the following investments, as well as stocks and bonds. However, investors should keep in mind that these products may be unsuitably risky for their profiles.

• Mutual funds
• Variable annuities and other variable insurance products
• Equities
• Options

Regulatory Actions

Securities industry regulators who identify misconduct by brokerage firms may level hefty fines and order them to pay restitution to defrauded investors. You can read CoreCap Investments’ disclosures of regulatory actions on its detailed BrokerCheck page.

FINRA Fine

On August 15, 2023, FINRA filed a Letter of Acceptance, Waiver & Consent (AWC) alleging that CoreCap Investments operated more offices between April and November 2021 than was permitted in its membership agreement.

The firm allegedly failed to file an application for a material change in business operations or obtain approval from FINRA for these additional offices.

FINRA censured the firm and fined it $60,000. You can read the full AWC here.

How Can Investors Recover Lost Funds from a Brokerage Firm?

FINRA-registered brokerage firms typically require investors to use FINRA arbitration to resolve investor disputes. FINRA arbitration is designed to be quicker and cheaper than a civil suit, and a securities attorney can help you file your dispute.

Kurta Law Can Help

Investors who lost money working with a CoreCap Investments broker should reach out to an investment fraud lawyer for help. Our attorneys offer free case evaluations and do not charge a fee unless we win your case. Call (877) 600-0098 or email info@kurtalawfirm.com.