Ibrahim Ethem Kurtulus of New York New York a stockbroker formerly registered with Windsor Street Capital LP is referenced in a customer initiated investment related arbitration claim which was settled for $14,999.99 in damages based upon allegations that Kurtulus gave the customer bad advice concerning stocks that were placed in the customer’s investment account while Kurtulus was associated with Windsor Street Capital L.P. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02784 (July 3, 2018).
This is not the first time that Kurtulus has been subject of a customer dispute concerning accusations of his misconduct. In particular, a customer initiated investment related arbitration claim regarding Kurtulus’ activities was resolved for $45,000.00 in damages supported by allegations that over-the-counter equities trades executed in the customer’s account were in no way suitable for the customer given the customer’s objectives for investing or risk tolerance.
Kurtulus’ registration with Windsor Street Capital LP has been terminated as of May 31, 2018. Indeed, Windsor Street Capital LP has been expelled from FINRA membership and fined $1,000,000.00 according to a Default Decision issued by FINRA’s Office of Hearing Officers which contained findings that the firm, inter alia, defrauded customers through an undisclosed and excessive markdown and markup scheme; conduct violative of Securities and Exchange Act of 1934 Section 10(b), Securities and Exchange Commission (SEC) Rule 10b-5; and FINRA Rules 2020 and 2010. Department of Enforcement v. Windsor Street Capital LP Disciplinary Proceeding No. 2016048912703 (May 28, 2019).
Kurtulus has been employed by Joseph Stone Capital L.L.C. since June 8, 2018.
