Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated with Woodbury Financial Services.
FINRA Public Disclosure also shows that on March 5, 2019, a customer filed an investment related written complaint concerning Feierstein’s conduct where the customer sought compensatory damages based upon allegations of an unsuitable annuity.
Feierstein has also been barred from associating with any FINRA member in any capacity based upon allegations that Feierstein failed to respond to FINRA’s request for information. Case No. 2020068495301 (May 5, 2021). According to FINRA Public Disclosure, Feierstein received a Notice of Suspension letter on February 2, 2021 and a Suspension from Association letter on February 26, 2021. This warned Feierstein that he would have until May 4, 2021 to resolve the regulator’s request or otherwise seek termination of the suspension. Feierstein did not respond by the deadline, so he was automatically barred by the regulator on May 5, 2021.
Feierstein was discharged by ProEquities on October 28, 2020 based upon allegations that he engaged in unauthorized activities relating to his securities business.