Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1287344

Complaint Review: Excel Capital Management - New York New York

  • Submitted:
  • Updated:
  • Reported By: Adam — flushing New York USA
  • Author Not Confirmed What's this?
  • Why?
  • Excel Capital Management 75 Maiden Lane Ste.202 New York, New York USA

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

This company is advertising a sales position with a salary of 50k a year with commissions + bonuses...

Unfortunately when you get there they tell you that the job is commission only and you have to work under a "closer" until you are a closer.

Here is the ad and you can see for youself:http://www.indeed.com/cmp/Excel-Capital-Management/jobs/Entry-Level-Sales-941e10dfbfb98667?q=merchant+cash+advance

This firm and the owner Netheniel Abadi are a scam and people should stay away!!!

This report was posted on Ripoff Report on 02/12/2016 07:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/excel-capital-management/new-york-new-york-10038/excel-capital-management-natheniel-abadi-liar-liar-liar-new-york-new-york-1287344. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
1Employee/Owner

#2 UPDATE EX-employee responds

Hard working stockbrokers

AUTHOR: Alex - (USA)

POSTED: Tuesday, September 19, 2017

 Do you have any idea how hard it is to make money legitimately as a stock broker? It requires hard studying of the series 7 and series 63 which have to be taken within a week of eachother. One of them is the stock broker license, the other is a license of understanding of the rules and regulations of the securities and exchange commission. Now to say, I have worked for mr. Tirado and he was a great employer for me and he showed me things that a trainee might never learn in any other field. He hired me as a stock broker trainee which allowed me to come to the firm and become a cold caller for him. He was building a team and allowed me to learn how to talk to potential leads whilst getting paid even when I wasnt generating leads. That pushed me to later work and generate upto 10 leads a day. These were honest directors in corporations based in the United Kingdom looking into maybe being part of a portfolio. Matthew worked me hard, and I was able to pick up tips of good stocks to sell , (this made things worth it)mainly apple because the iphone was just so d**n popular, it proved to generate investors a 600% profit plus stock dividends. This is a win win way to make a goood salery and if you plan to work for matthew, know that there are other better employers because Matt may not be employer material, but he does allow people to atleast get their foot in the door... which he most certainly does not have to do because he probably knows from the first meet whether or not you know anything about anything about the field your waltzing into. Just saying, yes the job is fully based on commission, but thats like gold, you gotta work for it. It takes time, and time again.

Respond to this report!
What's this?

#1 REBUTTAL Owner of company

Resonse to Negative Hiring Opportunity - Matthew Tirado

AUTHOR: Nathan Abadi - (USA)

POSTED: Monday, February 15, 2016

This response is to the negative review left by Matthew Tirado (real name Adam Tirado) about our Hiring opportunity. Excel Capital is/was looking for entry level sales representatives to work for our growing firm which would require training under one of our sales managers. This was clearly stated in the posting we have on Indeed as posted by Matthew - see opening paragraph below, in case the link is no longer active -

Entry Level Sales
Excel Capital Management - New York, NY

Excel Capital Management is looking for Entry Level Financial sales reps to join its growing sales force. We are looking for self-driven individuals who are looking to kick-start their career with one of the top business funding companies in NY. The position will provide hands on training working one on one with our top producing senior sales manager

This posting is a paid position that offers A base salary commission and bonuses. When I discussed this potential position with Matthew he advised me that he has many years of experience and wanted to, and I quote "steal" a compeitotrs book of business and bring it over to our firm. This competitor being Yellowstone Capital. At Excel we do not entertain this type of character for any of our positions. This being said I conitinued being polite and courteous towards Mr. Tirado and finished our interview process. When Mr. Tirado noticed I would not be entertaining him for a position with our company he seemed to become very frustrated walked out the door and started screaming. He took the liberty to also push the fire escape on our floor and cause our buildings alarm system to go off which resulted in a fire truck being sent to our building. This alone is an actionable offense. 

Not to mention when he first came for the interview he caused a scene looking for our office and was kicking the glass doors to our floor which require an enterance code. Clearly this person is mentally ill but I was professional enough to conduct the entire interview with out hesitation. 

Regarding the $50,000.00 offering. It is available for a qualified candidate which sums up the income that this opportunity will provide (including comission and bonuses). 

Also, Please take the time to check his public record online from previous employers when he was a licensed stock broker  (CRD# 4270409)

 

05/18/2011
Customer Dispute - Closed-No Action
 
Allegations
CLIENT ALLEGES LOSS IN PORTFOLIO IN EXCESS OF 40,000 BRITISH POUNDS DUE TO UNSUITABLE INVESTMENT RECOMMENDATIONS, PARTICULARLY WITH RESPECT TO TRANSACTIONS IN LORD.
Damage Amount Requested
$6,000.00
Broker Comment
E1 ASSET MANAGEMENT IS MARKING MY PUBLIC DISCLOSURE MORE THAN 2 YEARS AFTER I LEFT THEIR EMPLOY. TO DATE, I HAVE NEVER HAD A REGULATORY COMPLAINT. I BELIEVE THAT E1 ASSET MANAGEMENT HAS ATTRIBUTED A COMPLAINT MADE BY [CUSTOMER] TO ME WHEN IN FACT, [THIRD PARTY], WAS THE BROKER THAT [CUSTOMER] IS COMPLAINING ABOUT. THE [CUSTOMER] ACCOUNT WAS GIVEN TO [THIRD PARTY], ANOTHER BROKER AT THE FIRM. HIS ACCOUNT WAS GIVEN TO [THIRD PARTY] WHILE IT WAS STILL AT PROFIT. E1 ASSET MANAGEMENT IS KNOWN AS A BOILER ROOM AND PART OF THE REASON THAT I LEFT THE COMPANY IS BECAUSE I BECAME AWARE OF THIS. AS YOU CAN SEE FROM THE DOCKET NUMBER 07-02044, HTTP://FINRAAWARDSONLINE.FINRA.ORG/VIEWDOCUMENT.ASPX?DOCNB=42140 , E1 ASSET MANAGEMENT AND [THIRD PARTY] HAVE ALREADY BEEN FINED FOR COMPLAINTS THAT RELATE TO [CUSTOMER'S] COMPLAINTS.
03/12/2010
Judgment/Lien
 
Judgment/Lien Amount
$9,798.12
Judgment/Lien Type
Civil
08/29/2002
Employment Separation After Allegations
 
Firm Name
PARK SOUTH SECURITIES, LLC
Termination Type
Voluntary Resignation
Allegations
PARK SOUTH CLAIMS THAT REP WAS TERMINATED WITH CAUSE FOR ADVISING CLIENT THAT HE WAS CONSIDERING LEAVING FIRM AND THAT THEY SHOULD CONSIDER THAT WHEN DETERMINING WHETHER TO PAY FOR A PROPERLY EXECUTED TRADE. CLIENT PRESENTED CHECK AS PAYMENT FOR TRADE, CHECK WAS REJECTED FOR INSUFFICIENT FUNDS; NOTIFIED BY REP TO REDEPOSIT CHECK; REDEPOSIT RETURNED FOR INSUFFICIENT FUNDS. RR'S ACTIONS CREATED DEFICIT IN CLIENT'S ACCOUNT OF APPROX. $2,500; RR HAS DISAVOWED ANY RESPONSIBILITY. RR ALSO FAILED TO SUBMIT REQ'D PAPERS IN OTHER ACCT.
06/05/2002
Employment Separation After Allegations
 
Firm Name
EVEREST 1 INC.
Termination Type
Discharged
Allegations
SELLING WITH DIVIDENDS; PROFESSIONAL BEHAVIOR; VIOLATION OF INTERNAL BEHAVIOR
Broker Comment
FIRM ALLEGES VIOLATION OF INTERNAL PROCEDURES. HOWEVER IT IS MY POSITION THAT I WAS NOT TERMINATED BUT RATHER VOLUNTARILY RESIGNED AFTER A DISAGREEMENT WITH THE BRANCH MANAGER OVER MY REFUSAL TO SELL FIRM-SELECTED STOCKS. I DID NOT BELIEVE THAT THESE STOCKS BEING PUSHED BY EVEREST 1 MANAGEMENT WERE SUITABLE FOR MY CLIENTS AND ACCORDINGLY, REFUSED AND RESIGNED. IT IS MY INTENTION TO FILE AN ARBITRATION CLAIM AGAINST THIS FIRM IN ORDER TO HAVE THIS DEROGATORY INFORMATION REMOVED FROM FORM U-5
10/08/2001
Employment Separation After Allegations
 
Firm Name
PHD
Termination Type
Discharged
Allegations
CONTACTING CLIENTS WITHOUT SUPERVISORY PERMISSION, BEING THAT IT IS A VIOLATION OF FIRM POLICY. REMOVAL OF PROPRIETARY ACCOUNT DOCUMENTATIONS FROM FIRM.
Broker Comment
AS FOR CONTACTING CLIENTS UNSUPERVISED - ALLEGATION IS FALSE. AS FOR REMOVAL OF DOCUMENTS - ALLEGATION IS FALSE. PHD INFORMED ME THAT THEY REMOVED THAT ALLEGATION FROM MY U4. IN MY OPINION I WAS DISCHARGED FOR THE SIMPLE FACT THAT MR. GELB AND MR. JACOBSON SIMPLY WANTED TO TAKE MY CLIENTS AWAY FROM ME.
 
 

 

For any Employeers looking for sales Agents please use this a warning to stay away from Matt Tirado

For any inquiries please contact our HR Department via Email @ [email protected] //  

 

 

 

 

 

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now