Category Archives: Garden State Securities

Anthony Joslin- Garden State SecuritiesBroker- Discloses 2 Regulatory Events, 5 Final Customer Disputes, a Pending Customer Dispute and a Termination- Red Banks, NJ

June  2020-Red Bank, NJ

According to publicly available records. Anthony R. Joslin (CRD#2281191), a stockbroker employed with Garden State Securities, Inc.  discloses 2 regulatory events, 1 pending customer disputes,  7 prior customer disputes and a 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 6/2014 Massachusetts filed case R-2014-0047 alleging that Garden State Securities, Inc.  submitted to FINRA’s CRD an application of securities industry registration seeking registration of Joslin as an agent of Garden State in Massachusetts.   Joslin has been the subject of 8 customer complaints, as reported on the CRD, alleging inter alia, unsuitability unauthorized trading, failure to follow instructions and churning.   Joslin individually contributed $103,000 towards the settlement of these complaints.    According to information disclosed on the CRD, Joslin voluntarily resigned while under investigation by his former firm, Grayson Financial, into whether Joslin misappropriated the firm’s propriety information.  Joslin was fine $5,000 and was suspended from NASD for 30 days.

In 2004 NASD filed case C9B040047 alleging that Joslin failed to reasonably supervise registered representative of member firm, so as to prevent violations of applicable rules.   He was assessed a $5,000 monetary fine.

From 2000 to 2005,  five customer complaints were filed  alleging among other things, poor performance, unsuitability, unauthorized trades, failure to follow instructions, excessive commissions and churning.   The cases were settled for the collective amount of almost $200,000.

In 6/ 2019, a  customer of Garden State Securities, Inc. filed FINRA case #10-00711 alleging negligence, breach of contract, breach of fiduciary duty, fraud and misrepresentation.    The customer is seeking damages of over $300,000.   This case is pending.

In 2003 Joslin was allowed to voluntarily resign from Grayson Financial after investigating whether Joslin, while employed at Grayson, took steps to solicit the transfer of Grayson client accounts to JP Turner and directed the misappropriation of proprietary firm information.

Joslin has been employed by Garden State Securities, Inc.  since March 2014.

If you had an account with Anthony Joslin that suffered losses, you may be entitled to collect damages from his 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jason Zwibel-Garden State Securities Financial Advisor-Discloses Customer Disputes-Wellington, FL

January 2020 – Wellington, FL

The FINRA records of Jason Eric Zwibel, a stockbroker who is currently  employed by  Garden State Securities, disclose a pending customer dispute,  4 prior customer disputes and a 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 currently pending  FINRA Case 19-2086 a customer of Garden State Securities seeks unspecified damages and alleges unsuitable investments and breach of fiduciary duty.

In 11/2018 a customer of Garden State Securities was paid $110,000 to settle allegations that Zwibel made unsuitable investments. FINRA Case 17-2864

Zwibel   has been employed by Garden State Securities since 1/2010.

If you have questions about an account  handled by Jason E. Zwibel  call for a no charge consultation to learn more about 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jason Zwibel-Garden State Securities Broker-Named in $2.6M Customer Suit-Wellington, FL

See this for January 2020 Update.

May 2018 -Wellington, FL

According to FINRA records, Jason Eric Zwibel,  a   stockbroker who is  employed by Garden State Securities  , disclose  a pending dispute by a former customer who is seeking damages of over $2.6 million.

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 currently pending FINRA Case 17-02864 a customer of Garden State Securities alleges that Zwibel made unsuitable investments and breached his fiduciary duty causing damages of $2,670,750. With regard to the arbitration claim, Zwibel makes the following statement on his FINRA record: “Customer’s allegations are entirely baseless, without merit, and disingenuous as substantiated by their claims for damages in excess of nine times the actual losses realized in the accounts.”

Zwibel has been employed by Garden State Securities since 1/2010. Prior to that he was employed by GunnAllen Financial.

If you have questions about an account handled by Jason E. Zwibel contact us for a no charge consultation.

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

Raymond Pirrello, Jr.-Former Garden State Securities Stockbroker-Subject of Churning Suits-Sparta, NJ

Updated November  2018-Sparta, New Jersey

The FINRA records of Raymond J. PIrrello, Jr. , a stockbroker who was last employed by Garden State Securities, disclose 2 final regulatory events , 1 pending  and 10 prior customer disputes. Pirrello is the subject of a civil suit filed the the Securities and Exchange Commission charging him and two others with insider trading in the securities of Radiant Systems, Midas Incorporated and Brightpoint.

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 pending FINRA case 18-0728 filed in 2/2018, a customer of Garden State Securities alleges damages of $400,000 for unauthorized trading, negligence and  unsuitable investments for the time period 10/2012-10/2016 .

In  FINRA case 17-0365 , a customer of Garden State Securities alleged that Pirrello caused damages of $1 million due to  unauthorized trading, unsuitable investments, churning and negligence. That case was settled for $300,000 in 4/2018.

In 11/2018 Pirrello was suspended by FINRA for 18 months and fined $20,000 to resolve allegations that he used text messaging in violation of firm policy and then provided misleading on the record testimony to FINRA. In addition, FINRA alleged that Pirrello paid two customers in an attempt to settle complaints over losses in their accounts and hid the settlements from his firm.

On July 7, 2016, the U S Securities and Exchange Commission filed an insider trading injunction against former  Pirrello, Jr.,Thomas W. Avent, Jr. , 63,  of Atlanta, who is a tax partner with KPMG LLP, one of the world’s largest accounting firms, and Lawrence J. Penna, age 72, of Edgewater, New Jersey, a long time friend of Pirrello– filed in the U.S. District Court for the Northern District of Georgia. SEC v. Pirello, et al, Case 1:16-cv-02459-SCJ.

Pirrello was employed by Garden State Securities in Hackensack, New Jersey, from 8/2008- 5/2016. He was previously employed by The Concord Equity Group and J.P. Turner & Co. Pirrello discloses business affiliations with Valeo Capital Markets, Valeo Financial Group and Valeo Consulting.

We are currently evaluating potential cases for investors who suffered losses in accounts handled by Raymond J. Pirrello. Call for a no charge consultation to discuss your options for recovery.

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