July 2017- Syosset, New York
The FINRA records of Steve J. Pabon, a stock broker who is currently employed by Joseph Stone Capital , disclose a currently pending customer dispute and a prior termination from employment.
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 a currently pending matter, a customer of Pabon’s former employer Craig Scott Capital, seeks unspecified damages and contends there was misrepesentation with regard to the commissons and or markup/downs charged, alleging that the representative agreed to no more than $99 on all trades.
In 1/2012, Pabon was discharged by Brookstone Securities who made the following statement on Pabon’s FINRA record: “1.Violated telemarketing rules by making cold-call to an individual whose phone number was listed on the FTC’s national do not call list. 2.Violated industry rules by using exaggerated and promissory language to induce a prospective customer to engage in a securities transaction. 3.Violated suitability rules by recommending securities to a prospective customer without first obtaining the customer suitability information.”
Pabon’s employment history includes:
- Joseph Stone Capital since 8/2016
- Rothschild Lieberman 9/2015-8/2016
- Craig Scott Capital 2/2012-12/2015
He also worked for Brookstone Securities , a firms that was expelled by FINRA in 10/2012.
If you have losses in an account handled or supervised by Steve J. Pabon you may be able to recover damages from his former employer 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.
Florida-561 391 1900