churning customer accounts - Israels & Neuman, PLC

Warning! DOUGLAS ROSENBERG of Joseph Stone is SUSPENDED

Israels & Neuman, PLC — Wed, 01 Dec 2021 21:49:50 GMT

HAUPPAUGE, NEW YORK Have you lost money with financial advisor Douglas Rosenberg, with Joseph Stone Capital in Hauppauge, New York? We are looking into allegations made against Douglas J. Rosenberg. Rosenberg was the subject of an investigation by FINRA. FINRA investigated whether Rosenberg had been excessively trading or churning customer accounts. To settle these allegations, Rosenberg was suspended for seven months and ordered to pay partial restitution of $25,000.

Douglas Rosenberg has been with Joseph Stone Capital from November 2013 to the present. He has worked at branch offices in Hauppauge, New York. Rosenberg has also been the subject of four customer complaints.

Brokerage firms like Joseph Stone Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Joseph Stone Capital.

Click Here to view Rosenberg, D BrokerCheck Report

If you lost money with Douglas Rosenberg or Joseph Stone Capital, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

ROBERT GUIDICIPIETRO of Arive Capital Accused of CHURNING

Israels & Neuman, PLC — Tue, 30 Nov 2021 18:17:00 GMT

BAY RIDGE, NEW YORK Have you lost money with financial advisor Robert Guidicipietro, formerly with Arive Capital Markets in Bay Ridge, New York? We are looking into allegations made against Robert Guidicipietro. Guidicipietro was suspended from the securities industry for four months, fined $5,000, and ordered to pay $35,219 in restitution by FINRA. FINRA was investigating whether Guidicipietro had been excessively trading or churning customer accounts.

Robert Guidicipietro was with Arive Capital Markets from December 2018 to January 2020. He has been with Alexander Capital from January 2020 to the present. He has worked at branch offices in Bay Ridge, New York. Guidicipietro has also been the subject of six customer complaints and has been under two prior regulatory investigations.

Brokerage firms like Arive Capital Markets have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Click to view Guidicipietro, R. BrokerCheck Report

If you lost money with Robert Guidicipietro or Arive Capital Markets, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

AEGIS CAPITAL Ordered to Pay Customers for Excessively Trading Accounts

Israels & Neuman, PLC — Wed, 10 Nov 2021 20:24:31 GMT

Have you lost money investing in variable annuities through Aegis Capital? We are currently investigating allegations made against Aegis Capital, a New York, New York-based securities brokerage firm. FINRA brought a regulatory action against the firm, alleging that its Melville, New York and Wall Street offices failed to adequately supervise advisors who were excessively trading or churning customer accounts. The brokerage firm was also alleged to have failed to adequately supervise the sales of inverse and leveraged ETFs.

To settle these allegations, Aegis Capital agreed to pay a $1.05 million fine and $1.69 million in restitution to effected customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Aegis Capital.

View Aegis Capital BrokerCheck Report