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.
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.
Florida-561 391 1900