Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 5, 2018 indicate that former New York-based Stifel Nicolaus & Company broker/adviser Brian Hirsch, who has pled guilty to charges of bribery, has been named in pending complaints by the Securities and Exchange Commission. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hirsch (CRD# 2914893).
Brian Hirsch has spent 20 years in the securities industry and was most recently registered with Stifel Nicolaus & Company in New York, New York (2015-2018). Previous registrations include Barclays Capital in New York, New York (2008-2015); Lehman Brothers in New York, New York (2000-2008); Salomon Smith Barney in New York, New York (1998-2000); and Dean Witter Reynolds in Purchase, New York (1997-1998). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 13, 1997, and Series 7 (General Securities Representative Examination), which he obtained on August 28, 1997. He is currently not registered with any state or firm.
According to his BrokerCheck report, Brian Hirsch has received one pending regulatory complaint, one pending civil complaint, and one criminal conviction.
In December 2017 Brian Hirsch was named in a civil complaint by the Securities and Exchange Commission alleging that he and a former day trade participated in a “fraudulent scheme” in which, while associated with two broker-dealer firms, “gave preferential access to hundreds of initial and secondary public offerings to the former trader and at least one other brokerage customer” and received cash kickbacks in return which he did not disclose. Through this scheme, according to the SEC, he and that brokerage customer defrauded the firms by which he was employed through the use of deception. The complaint remains pending.
In December 2017 he was named respondent in a regulatory complaint by the Securities and Exchange Commission alleging he participated in a scheme in which he “gave preferential access of initial and secondary public offerings” to other individuals who provided cash kickbacks in return, which he did not disclose.
In December 2017 he was charged in the US District Court for the District of New Jersey with one felony count of “Travel Act/Commercial Bribery.” He pled guilty to the charge and is awaiting sentencing.
If you have lost money investing with Brian Hirsch, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.