Albert Sidney Gersh of Woodland Hills a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he declined to provide FINRA information that had been requested of him. Case No. 2017053705301 (Sept. 25, 2017).
According to FINRA Public Disclosure, Gersh was initially suspended by FINRA on July 14, 2017. Between then and September 24, 2017, Gersh was provided time to cooperate with FINRA’s request or otherwise request that his suspension be terminated. Gersh had not corresponded with FINRA by the deadline, resulting in FINRA barring Gersh on September 25, 2017.
FINRA Public Disclosure additionally confirms that Gersh was named in a customer initiated investment related arbitration claim in which the customer was awarded $40,000.00 in damages according to Gersh being found liable by the FINRA Arbitration Panel for having breached his fiduciary duties to the customer, breached his contractual obligations, and converted the customer’s funds in reference to the municipal bonds sold from the customer’s account while Gersh was employed by Morgan Stanley DW Inc. FINRA Arbitration No. 06-05086 (Dec. 29, 2008).
Gersh’s registration with LPL Financial LLC was terminated on March 24, 2017.
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