Category Archives: Ascendiant Capital Markets

Charles Posner-Former Ascendiant Capital Markets Broker Sanctioned by Securities Regulator-Boynton Beach, FL

August 5, 2015- Boynton Beach, Florida

Charles Posner , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he willfully failed to timely disclose a Chapter 13 bankruptcy filing to FINRA on his Form U4.

According to FINRA records, Posner voluntarily filed a Chapter 13 bankruptcy petition February 14, 2013. During the period from 3/2013-11/2013, while working at Ascendiant Capital Markets, Posner willfully failed to report the bankruptcy filing as required by FINRA rules.

AWC No.2014043777201

Posner was fined $5,000 and suspended from association with any FINRA member for three months.

According to FINRA records, Posner  was registered with Ascendiant Capital Markets   from /2011-12/2013. Prior to that he was registered with Noble International Investments in Boca Raton, FL, from 9/2007-4/2011.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Ascendiant Capital Markets Sanctioned by Securities Regulator

June 25, 2015

Ascendiant Capital Markets entered into an Order Accepting Offer of Settlement  (Order) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that the company violated FINRA By-Laws, Article V, Section 2 and FINRA Rule 2010, by failing to update the FINRA records of two registered representatives to reflect “Wells” notices that they were the subject of regulatory investigations.

The Order also alleges that Ascendiant failed to update FINRA records to reflect that one of the registered representatives was the subject of an IRS lien for $247,000, and to reflect the fact that one representative was the subject of a customer complaint.

Ascendiant Capital was censured and fined $20,000.

Disciplinary Proceeding No. 2010023220507

Ascendiant Capital has been a FINRA member since 2011. They are headquartered in Irvine, California and have five branches, including New York City and Palm Beach Gardens, Florida.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Ascendiant Capital Markets Named in Regulatory Complaint

February 23, 2015

The Financial Industry Regulatory Authority (FINRA) Department of Enforcement filed a complaint against Ascendiant Capital Markets, LLC alleging that they failed to satisfy important supervisory, disclosure and reporting responsibilities by:

  • failing to report a customer complaint to FINRA
  • failing to update the FINRA records for two of its registered representatives who were subjects of regulatory investigations by FINRA

On February 19, 2015, in a separate matter related to their supervisory system,  Ascendiant Capital Markets entered into a letter of Acceptance, Waiver and Consent with FINRA agreeing to a censure and to pay a fine of $52,500. FINRA Case #20130358295-02

Ascendiant Capital Markets has been a FINRA member since 2011 and is based in Irvine, California. They have regional offices located in New York City and Palm Beach Gardens, Florida.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870