August 2016- Allentown, PA
The FINRA records of Barry T. Eisenberg, a stock broker who is currently employed by Alexander Capital, L.P. disclose a currently pending regulatory event, a prior customer dispute and a prior financial event.
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.
August 2, 2016, Montana Commissioner of Securities and Insurance (CSI) filed a complaint (CSI Case Number SEC-2016-106) naming Barry Eisenberg of Allentown, PA and:
- Alexander Capital, L.P., his former employing firm
- Joseph Connolly-Staten Island, NY
- William Gennity-Staten Island, NY
- Francine Lanaia-Fort Salanga, NY
- Robert Feinman-Staten Island, NY
The Montana CSI complaint alleges that Montana resident Charles Gravely opened an account with Alexander Capital in April 2013 with about $318,000. During the next 16 months, over 213 trades were made in the account by Alexander Capital brokers William Gennity and Joseph Connolly, resulting in losses of over $200,000 while more than $289,000 in commissions were charged. Eisenberg was the supervisor for Gennity and Connolly from 1/2014-8/2014, according to the Montana CSI.
The Montana CSI complaint alleges that Eisenberg failed to supervise Gennity and Connolly when they conducted unauthorized trading, made unsuitable recommendations, charged excessive fees, traded on margin against customer’s instructions and used discretion without authorization.
EIsenberg discloses FINRA Case 11-02452, brought by a customer of prior employer J.P. Turner & Co. who alleged damages of $803,637 for failure to supervise. That case was settled for $635,000.
Eisenberg has been registered with Alexander Capital since 5/2013. Prior to that he was registered with J.P. Turner & Co. from 8/2004-5/2013.
Eisenberg discloses that in 8/2015 he resolved a $1,196.77debt owed to Jefferson Capital Systems/Imagine Card by compromise, paying $239.35.
If you have losses in an account at Alexander Capital, call to discuss your legal options.
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.
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