Daniel M. Soliman of New York New York a stockbroker formerly registered with Traderfield Securities Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $500,000.00 in damages supported by accusations that misrepresentations had been made to the Traderfield Securities customer and that they had been defrauded by investing in stocks and over-the-counter equities through Soliman. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02560 (Oct. 7, 2019).
This is not the first time that Soliman has been accused of misconduct by a customer of a securities broker dealer. FINRA Public Disclosure reveals that a customer filed an investment related FINRA securities arbitration claim regarding Soliman’s conduct in which the customer sought $62,000.00 in damages founded on allegations of fraudulent over-the-counter equities transactions being effected by Soliman when he was associated with Traderfield Securities. FINRA Arbitration No. 19-01849 (July 1, 2019).
FINRA Public Disclosure also confirms that Soliman has been barred from associating with any FINRA member in any capacity based upon findings that he failed to comply with FINRA during the period that he was under investigation for potentially trading in customer accounts in violation of federal securities laws or FINRA rules. Letter of Acceptance Waiver and Consent No. 2018059045002 (June 26, 2019).
According to the AWC, Soliman was instructed by FINRA to testify on June 13, 2019 as a requirement under FINRA Rule 8210. The regulator tried to determine if Soliman violated FINRA rules or federal securities laws through his trading activities. Soliman’s counsel spoke with FINRA to relay that Soliman would not cooperate. FINRA found Soliman’s failure to comply with the investigation to be violative of FINRA Rules 2010 and 8210.
Soliman’s registration with Traderfield Securities has been terminated on June 15, 2018. He was registered with JP Morgan Securities between September 26, 2018 and June 28, 2019. Since October 5, 2012, Soliman has been associated with two different securities broker dealers who are now defunct or have been expelled by regulators for violation of federal securities laws.
