David Martin Martirosian of New York New York a stockbroker currently associated with Joseph Stone Capital LLC has been referenced in a customer initiated investment related complaint which was settled on December 14, 2018 for $39,077.15 in damages supported by allegations of the customer being misled with regard to Fat Brands Inc. stock purchases effected by Martirosian when he was employed by Joseph Stone Capital.
This is not the first time that Martirosian has been referenced in a customer initiated investment related dispute concerning accusations of his wrongdoing in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Martirosian is also referenced in a customer initiated investment related complaint where the customer sought $7,500.00 in damages based upon accusations that the customer’s account was mismanaged by the stockbroker and that the customer had been charged unreasonable commissions and fees on stock trades placed by Martirosian when he was associated with John Thomas Financial.
On July 13, 2015, another customer filed an investment related complaint involving Martirosian’s conduct in which the customer requested $10,696.00 in damages based upon allegations that unauthorized transactions were effected by the stockbroker in the Legend Securities Corp. customer’s account.
Martirosian has been employed by Joseph Stone Capital since July 12, 2016. FINRA Public Disclosure reveals that since July 20, 2009, the stockbroker has been associated with four different securities broker dealers who are either defunct or have been expelled by regulators for violation of federal securities laws or FINRA rules.