September 2019-Port Washington, NY-Tampa, FL
The FINRA records of David S. Silberg , a broker who previously worked for Aegis Capital Corp. disclose a prior regulatory event, 3 prior final customer disputes and 2 terminations 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 9/2018 Massachusetts securities regulators sanctioned Silberg, ordering that he be subject to heightened supervision for a period of five years, which in part provides that Silberg will not solicit or meet with new Massachusetts customers and will not service accounts for new Massachusetts customers. Massachusetts regulators alleged that Silberg had been the subject of five customer complaints alleging forgery, unauthorized trading and misrepresentations related to the sale of an annuity.
In FINRA Case 16-01779 in Tampa, FL , a customer of Aegis Capital alleged that from 2013-present unsuitable investments were made together with misrepresentations and omission of material facts concerning an investment in a corporate debt security. That case settled for $29,750.
In a prior matter , FINRA Case 9-6509, a customer of GunnAllen Financial, a prior employer, alleged unsuitable investments and unauthorized trading. That case was settled for $50,000.
Silberg is currently employed with Allied Millennial Partners. He was registered with Aegis Capital from 2/2010 to 8/2018.
In 11/2004 Silberg was discharged from Kirlin Securities for failing to inform his supervisor or the firm about an oral customer complaint.
In 2/1998 Silberg was discharged from NYLife Securities after he stopped payment on a check that he had remitted to NY Life Securities to reimburse it for expenses incurred in making a client whole.
If you have questions about an account handled by David S. Silberg , contact us to discuss 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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