Steven Luftschein (CRD #: 2690117), also known as Steven Lerner, has been barred by FINRA, according to his BrokerCheck record, accessed on February 8, 2021. Luftschein has most recently registered with Joseph Stone Capital and Aegis Capital Corp. The FINRA order alleges that Luftschein has engaged in unauthorized trading and executed excessive trades in order…

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Jim Schwartz (CRD #: 3043085), a barred New York broker formerly registered with Joseph Gunnar & Co., has three pending investor disputes on his record, according to his BrokerCheck record, accessed on February 8, 2021. Schwartz has also recently registered with Aegis Capital, as recently as 2016. There is lengthy list of disclosures that investors…

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Sean Parikh (CRD #: 5506554), a previously registered broker with Aegis Capital, has settled an investor dispute, according to his BrokerCheck record, accessed on February 5, 2021. Details about the six-figure dispute are provided below. On May 16, 2017, an investor alleged that Sean Parikh engaged in excessive trading. The investor further alleged that Parikh…

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Merrill Lynch has come under scrutiny from New Hampshire regulators follow allegations of excessive trading by one of its Boston-based registered representatives, Charles Kenahan. The State has ordered Merrill Lynch to pay $26.25 to cover fines and restitution to an allegedly defrauded investor. The investor alleged losses of $100 million due to churning as well…

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Justin Girard (CRD #: 4404768), a broker and an investment adviser registered with J.P. Morgan, is facing client allegations that he executed an excessive number of trades, among other allegations, according to his BrokerCheck record, accessed August 25, 2020. Investors should also make note of two other disclosures in his record related to excessive trades.…

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Michael Calvin (CRD #: 3269670), a broker and an investment adviser registered with Merrill Lynch, Pierce Fenner & Smith Inc., is facing allegations that he executed excessive trades and misrepresented certain fees and commissions, according to his BrokerCheck record, accessed August 25, 2020. On July 14, 2020, a client alleged that Mr. Calvin engaged in…

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Peter Girgis (CRD #: 4520444), a broker registered with SW Financial, has come under the lens of a Financial Industry Regulatory Authority (FINRA) investigation, according to his BrokerCheck record, accessed on October 23, 2020. There are a number of other client complaints that investors should note. On September 15, 2020, FINRA made a preliminary determination…

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John Sorensen (CRD #: 1929963), a broker and an investment adviser registered with Morgan Stanley, has a new customer complaint alleging excessive trading, according to his BrokerCheck record, accessed on October 21, 2020. Brokers might be motivated to engage in excessive trading in order to generate commissions for themselves. On September 22, 2020, a client…

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Christopher Orlando (CRD #: 4136262), a broker registered with Spartan Capital Securities LLC, is the subject of a FINRA investigation, according to his BrokerCheck report, accessed on October 21, 2020. If you have questions about Mr. Orlando’s history as a broker, keep reading. On September 18, 2020, FINRA made a preliminary determination to recommend disciplinary…

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