July 2021- New York, NY
According to publicly available records David Martirosian (CRD#5261144), a former stockbroker who last worked for Joseph Stone Capital, has been permanently barred from FINRA.
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 April of 2021, in case #2019063251701, FINRA alleged Martirosian refused to provide information and documents that were requested by FINRA in connection with it’s investigation into Martirosian’s potentially unsuitable and excessive trading and his potential participation in an undisclosed private securities transaction. Martirosian was permanently barred from FINRA as a result of this investigation.
In November of 2017, a Joseph Stone Capital customer alleged miscommunication between agent and client resulting in an alleged loss of $39,077.15. The case settled for the alleged amount of loss with $20,000 paid by Martirosian individually.
From February of 2014 until November of 2019, 4 Internal Revenue Service liens were filed against Martirosian, totalling $74,274.
If you had an account with David Martirosiana that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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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