Jonathan Michael Ebel of Hauppauge New York a stockbroker formerly registered with Laidlaw Company UK Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $12,721.00 in damages founded on allegations that Ebel executed excessive trades in the customer’s account at Laidlaw Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03892 (Dec. 11, 2020). According to the claim, the customer’s account had been overconcentrated in over-the-counter equities and stocks. The claim alleges that transactions were not suitable.
This is not the first time that Ebel has been the subject of a customer dispute involving accusations of his faulty sales practices. FINRA Public Disclosure reveals that Ebel has been referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages based upon allegations that between 2016 and 2018, the customer’s Laidlaw Company account had been subjected to Ebel’s unsuitable and excessive trades involving stocks and over-the-counter equities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01855 (Sept. 7, 2018).
On May 30, 2019, Ebel’s registration with Laidlaw Company was terminated. Since May 4, 2019, he has been registered with Network 1 Financial Securities Inc.