Anthony Mediate of Red Bank New Jersey is a stockbroker formerly registered with National Securities Corporation who is the subject of a customer initiated investment related written complaint on August 4 2015 in which the customer alleged that over-the-counter equities transactions were effected in the customer’s account on an unsuitable and excessive basis.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Mediate is referenced in four additional customer initiated investment related disputes containing allegations of Mediate’s misconduct while employed with J.W. Barclay & Co., Inc. and Mercer Asset Management. In particular, on November 3, 1998, two customers filed investment related written complaints involving Mediate’s conduct, in which the customers collectively requested $23,922.09 in damages founded on accusations that equity transactions were effected in the customers’ account without their consent.
Subsequently, a customer initiated investment related arbitration claim involving Mediate’s conduct was settled for $5,500.00 in damages based upon allegations of fraud and misrepresentation. FINRA Arbitration No. 08-04865 (Apr. 29, 2010). Moreover, a customer was awarded $136,000.00 in damages according to an investment related arbitration claim pertaining to Mediate’s misconduct, based upon findings against Carlton Capital and Clayton, Dunning & Company, Inc. including negligence; breach of fiduciary duty; suitability; selling away; and fraud relating to the customer’s promissory note investment. FINRA Arbitration No. 09-03452 (Sept. 30, 2010).
FINRA Public Disclosure also reveals that Mediate has been suspended from associating with any FINRA member in any capacity based upon consenting to findings that he exercised discretion in a customer’s account without authorization in violation of National Association of Securities Dealers (NASD) Conduct Rules 2110 and 2530; and traded excessively in a customer’s account in violation of NASD Conduct Rules 2310 and 2110. Letter of Acceptance, Waiver and Consent, No. 2009018517201 (June 27, 2013). Mediate is also subject of a State of Illinois Securities Department Order which revoked Mediate’s salesperson registration based upon FINRA having sanctioned
Mediate for effecting unauthorized and excessive equity transactions in a customer’s investment account. Case No. 1300322 (Oct. 25, 2013).
Since October 5, 1994, Mediate has been associated with thirteen different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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