Levert Caldwell (also known as Lee Caldwell and Trey Caldwell), of Red Bank New Jersey, a stockbroker formerly registered with First Standard Financial Company, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $461,000.00 in damages based upon accusations of unsuitable and excessive trading by Caldwell during the time that he was employed by First Standard Financial Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01679 (June 21, 2019). According to the claim, Caldwell’s unauthorized trading of stocks resulted in damages.
Caldwell has been identified in three more customer initiated investment related disputes containing allegations of his harmful activities while employed by securities broker dealers, including National Securities Corp and First Standard Financial Company. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim involving Caldwell’s conduct was resolved for $325,000.00 in damages founded on accusations that Caldwell breached a fiduciary duty to the customer concerning over-the-counter equities transactions while he was registered with National Securities Corp.
Caldwell is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $250,000.00 in damages supported by allegations of Caldwell’s unsuitable over-the-counter equities for the customer’s National Securities Corp account.
On January 16, 2018, a customer initiated investment related FINRA securities arbitration claim concerning Caldwell’s activities was resolved for $122,000.00 in damages based on accusations of the customer’s account being churned by Caldwell when he was associated with First Standard Financial Company and National Securities Corp. FINRA Arbitration No. 16-02733. According to the claim, unsuitable transactions were effected by Caldwell. The claim also contains allegations of breach of fiduciary duty by the stockbroker.
Caldwell was registered with First Standard Financial Company between March 17, 2015, and May 30, 2019.