Articles Posted in boiler room

Network 1 Financial Securities Inc. Broker Carl Antaki (formerly of First Standard Financial Company Llc) Suspended by Finra for Excessive and Unsuitable Trading
Iorio Law PLLC

The Financial Industry Regulatory Authority (“FINRA”) has suspended financial advisor Carl Antaki from the securities industry for three months. Mr. Antaki consented to the suspension after FINRA alleged that he excessively and unsuitably traded a customer’s account. FINRA also fined Mr. Antaki $5,000 and ordered him to pay $22,865 in restitution to the customer. The…

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Investigative Report: Worden Capital Management Llc’s Owners, Executives, and Brokers Have Concerning Red Flag Disclosures
Iorio Law PLLC

This post is part of a series of investigative blog posts that spotlight modern-day boiler rooms that operate under the guise of a reputable brokerage firm. Many of the broker-dealers featured in this series still use boiler room tactics such as cold-calling customers and high-pressure or aggressive sales tactics. Other brokerage firms have a propensity…

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How to Recover Investment Losses: Frequently Asked Questions
Iorio Law PLLC

You worked hard, opened a brokerage or retirement account, and invested your savings with a financial advisor or stockbroker, only to suffer financial losses due to bad investment advice, misleading sales pitches, or brokers that were driven by commissions. Now what? Can I Sue My Financial Advisor Over Losses? Yes, you can sue your financial…

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Another Joseph Stone Capital L.l.c. Broker in Trouble with Regulators: Financial Advisor David Martirosian Barred by Finra – New York
Iorio Law PLLC

The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker David Martirosian from the securities industry. Mr. Martirosian was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation into potentially unsuitable and excessive trading and his potential participation in private securities transactions while associated with Joseph Stone Capital L.L.C. (“Joseph Stone Capital”).…

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Another Day, Another Disciplinary Action Against Aegis Capital Corp.
Iorio Law PLLC

**Update: November 11, 2021** On November 8, 2021, Aegis Capital Corp agreed to pay nearly $2.7 million in sanctions for supervisory failures related to excessive and unsuitable trading by its brokers from July 2014 through December 2018. Click on the following link to read more: Aegis Capital Corp. Ordered to Pay Nearly $2.7 Million for…

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Former Aegis Capital Corp Broker, Kishan (sean) Parikh, Facing Disciplinary Charges by Finra for Unsuitable Investment Recommendations and Excessive Trading
Iorio Law PLLC

**Update: November 11, 2021** On November 8, 2021, Aegis Capital Corp agreed to pay nearly $2.7 million in sanctions for supervisory failures related to excessive and unsuitable trading by its brokers from July 2014 through December 2018. Click on the following link to read more: Aegis Capital Corp. Ordered to Pay Nearly $2.7 Million for…

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Investigative Report: Iorio Altamirano Llp Investigation into Joseph Stone Capital L.l.c. Reveals Troubling Pasts for Owners, Executives, and Brokers
Iorio Law PLLC

This post is part of a series of investigative blog posts that spotlight modern-day boiler rooms that operate under the guise of a reputable brokerage firm. Many of the broker-dealers featured in this series still use boiler room tactics such as cold-calling customers and high-pressure or aggressive sales tactics. Other brokerage firms have a propensity…

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Broker Spotlight: Michael Hernandez of Arive Capital Markets – Brooklyn, New York
Iorio Law PLLC

Michael Joseph Hernandez is a stockbroker with Arive Capital Markets LLC (“Arive Capital Markets”) in Brooklyn, New York. Mr. Hernandez has a history of associations with disreputable broker-dealers and at least one customer complaint, employment termination, and regulatory sanction. If you have lost money with broker Michael Hernandez or Arive Capital Markets, contact New York…

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Arive Capital Markets Broker, Mirsad Muharemovic, Accused of Churning, Excessive Trading, and High-Pressure Sales Tactics
Iorio Law PLLC

Mirsad Muharemovic is a stockbroker with Arive Capital Markets LLC (“Arive Capital Markets”) in Brooklyn, NY, with a history of customer complaints and associations with disreputable broker-dealers. Mr. Muharemovic has 22 years of experience in the securities industry. He has been associated with nine different broker-dealers, including a past association with a firm expelled by…

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Broker Spotlight: Daniel Silverstein of Arive Capital Markets – Miami, Florida
Iorio Law PLLC

Daniel Louis Silverstein is a stockbroker with Arive Capital Markets LLC (“Arive Capital Markets”) in North Miami Beach, Florida. Mr. Silverstein has a history of associations with disreputable broker-dealers, financial liens, and at least one customer complaint. Mr. Silverstein has 16 years of experience in the securities industry and has been associated with eight different…

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