Category Archives: First Midwest Securities

David G. Menashe-Former Joseph Stone Capital Broker-Sanctioned by Securities Regulator for Excessive Trading-New York

July 2017-New York

The FINRA records of  David G. Menashe ,  a  stockbroker who is currently  employed by  Newbridge Securities Corp. , disclose a  prior regulatory 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.

In April 2017 Menashe was sanctioned by the Montana Office of the Commissioner of Securities and Insurance for excessive trading and unauthorized trading. The Notice of Proposed Agency Action and Opportunity for Hearing contains various conclusions of law, including the following:

  • Respondents Joseph Stone, Spadaro, Menashe, Maggio and Barrish violated 6.10401(1)(K) when they charged total commissions of $239,260.02 out of the $877,492.99 principal originally invested by Montana clients, or 28% of their total investment. 

Menashe entered into a Consent Agreement with the Montana regulator and agreed to pay restitution of $15,000.

Menashe was employed by Joseph Stone Capital from 2/2013-1/2017. Prior to that he was employed by First Midwest Securities.

If you have questions about an account handled by David G. Menashe, call to learn about 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Kris Bortnovsky-Former Joseph Stone Capital Broker-Discloses Customer Disputes

April 2018 update-New York

According to publicly available records Kris Bortnovsky (also known as Kris Bort)  , (CRD# 5320266) ,  a   stockbroker who is not currently registered with any broker dealer discloses  a prior customer dispute that was settled and two prior regulatory events.

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 FINRA arbitration 11-628, a customer of one of Bortnovsky’s prior employers, Regal Securities, alleged damages of $950,000 for excessive and unauthorized trading. That matter was settled for $535,000.

Bortnovsky was employed by Joseph Stone Capital 4/2015-3/2016, Global Arena Capital 11/2012-5/2015 , First Midwest Securities 7/2009-2012 and Regal Securities 10/2007-8/2009.

If you have losses  in an account handled by Kris Bortnovsky, call for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Joshua L. Feldman-Aegis Capital Broker-Discloses Customer Disputes

New York

MAY 2017 UPDATEJoshua Feldman discloses that a customer of Aegis Capital Corp has file FINRA arbitration 17-0218 seeking damages of $110,000 and alleging that from January 2010-January 2017 Feldman made unsuitable investment recommendations and misrepresentations and or omissions concerning risk and material facts.

ORIGINAL POST August  2016

The FINRA records of Joshua L. Feldman ,  a  stock broker who is currently  employed  by Aegis Capital Corp.  , disclose a pending customer dispute.

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 the pending dispute, FINRA Case #16-0916, a customer of Aegis Capital alleges damages of $300,000 for  unsuitability in penny stocks and option transactions for the period from January 2011 through December 2015.

Feldman has been employed by Aegis Capital Corp. since 12/2011. Prior to that he was employed by First Midwest Securities from 1/2009-12/2011.

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

Neil D. Pecker of Longwood, Florida, Ordered to Pay Millions in Fines/Restitution

UPDATE MARCH 2017-Longwood, FL

Public records disclose that on March 8, 2017, in an action filed by the U.S. Commodity Futures Trading Commission in the U.S. District Court for the Southern District of Florida, a consent order was entered against Neil D. Pecker and his company Viseon Financial Planners , who were charged with fraudulent solicitation and misappropriation in connection with off-exchange binary options. Restitution of $2.7 million and a civil monetary penalty of $3..7 million were ordered. Case# 16-cv-60297. 

Pecker was permanently barred from the securities industry by FINRA in 12/2016.

ORIGINAL POST-July 2016-Longwood, Florida

The FINRA records of Neil D. Pecker  , a stockbroker who was last  employed by  Coastal Equities  disclose a pending civil event and a prior customer dispute.

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 February 2016 the U.S. Commodity Futures Trading Commission filed a civil action against Pecker and his company Vision Financial Partners, of Deerfield, FL,  charging them with fraud in connection with off-exchange binary options and registration violations. Pecker and his company are alleged to have diverted $2 million of client funds to bank accounts for their own use.

Pecker was employed by a number of broker dealers over the recent years, including Coastal Equities, Westpark Capital, Newport Coast Securities and First Midwest Securities.

Investors who suffered losses in an account handled by Neil D. Pecker may be entitled 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870