Category Archives: Paulson Investment Company

James B. Schwartz-Former Aegis Capital Broker-Discloses Three Pending Customer Disputes

UPDATE -January 2017-New pending customer dispute. Robert Estevez’s public records disclose that in 11/2016, customer of Paulson Investment Company alleged damages of $1.2 million for unsuitable investment recommendations and unauthorized trading from January 2010-August 2011. As of 12/2016, Schwartz is registered with Joseph Gunnar & Co.

Original Post–July 2016-Garden City, New York

The FINRA records of James B. Schwartz ,  a  stock broker currently employed  by First Standard Financial Co.  , disclose 3 pending customer disputes, 1 prior final customer dispute and 6 currently outstanding judgement/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The currently pending disputes include:

  • In June 2016 a customer of Schwartz’s prior employer, Aegis Capital Corp. alleges damages of $2,000,000 for unsuitable recommendations and mishandling their account from June 2013-January 2016. UPDATE January 2017-This case was settled for $782,000.
  • In pending FINRA Case #15-3428, another Aegis Capital customer alleges damages in excess of $287,000 for excessive trading, negligence, breach of fiduciary duty and unsuitable recommendations.
  • In pending FINRA Case #15-2901, another Aegis Capital customer alleges damages of $289,163 for for unauthorized trading, negligence, breach of fiduciary duty and misrepresentation. UPDATE January 2017-This case was settled for $95,000.

Schwartz discloses six tax liens to the Internal Revenue Service and New York State Taxation. Amounts range from $1,775 to $116,932.

Schwartz was only recently employed by First Standard Financial Co. in June 2016.   Prior to that he was employed by Aegis Capital Corp from 6/2013-6/2016 and before that John Thomas Financial (expelled by FINRA 10/2013.

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

Kevin R. Graetz-Paulson Investment Company-Discloses Pending Investigation/Outstanding Judgments

New York

According to FINRA records, Kevin R. Graetz  a broker who has been  registered  with Paulson Investment Company since  2/2013 , discloses a pending FINRA investigation , 3 settled customer disputes and 14 outstanding judgement/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In March 2016 Graetz disclosed that FINRA had initiated an investigation contending that Article V, Section 2(c) of the FINRA by-laws and FINRA Rules 1122 and 2010 were willfully violated.

Article V, Section 2(c) requires registered individuals to keep their FINRA application current and to update it within 30 days of learning of facts giving rise to amendment.

Rule 1122 relates to the filing of misleading information as to membership or registration. Rule 2010 deals with standards of commercial honor and principles of trade.

The 14 outstanding judgement/liens disclosed by Graetz include Internal Revenue Service liens and liens to the State of Connecticut. The amounts vary with the largest a $370,539.54 to the Internal Revenue Service. Graetz states that an offer of compromise is being negotiated with the IRS.

 

If you have questions about  a brokerage account handled by Kevin R. Graetz, call to discuss your legal options. You may be entitled to damages through FINRA arbitration.

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