Brian David Schwartz of New York New York a stockbroker currently employed by HSBC Securities (USA) Inc. is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 on October 3, 2017 supported by allegations that transactions were placed in the customer’s account that were not suitable for the customer because the customer’s long-term bond investments failed to conform to the customer’s objectives for accessing principal in the short-term.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Schwartz has been identified in two additional customer initiated investment related disputes containing accusations of Schwartz’s misconduct while employed with HSBC Securities (USA) Inc. Specifically, on April 18, 2005, a customer initiated investment related complaint involving Schwartz’s activities was settled for $41,796.00 in damages founded on allegations that Schwartz effected mutual fund transactions in the customer’s account that were not suitable for the customer.
Thereafter, on August 8, 2005, a customer initiated investment related complaint concerning Schwartz’s conduct was resolved for $13,500.00 in damages based upon accusations that inappropriate transactions were executed in the customer’s account and misrepresentations had been made to the customer regarding those investments.
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