Marc Scott Steinberg of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities has been referenced in a customer initiated investment related arbitration claim which was settled for $18,000.00 in damages based upon allegations that investment recommendations were not suitable and that the customer sustained losses on stock transactions executed by Steinberg at Dawson James. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00206 (July 2, 2020).
FINRA Public Disclosure reveals that Steinberg has been identified in five more customer initiated investment related disputes concerning allegations of his violative conduct while he was employed by Dawson James, Joseph Stephens Company Inc. and Gilford Securities. A customer initiated investment related complaint regarding Steinberg’s conduct was resolved for $16,406.83 in damages supported by allegations that sell orders were not executed by the stockbroker which caused equity losses in the customer’s account at Joseph Stevens Company.
Another customer filed an investment related complaint concerning Steinberg’s activities in which the customer sought $20,000.00 in damages founded on allegations that the customer had received bad investment advice from Steinberg. The complaint also alleges that Steinberg failed to follow the customer’s instructions.
Steinberg is the subject of a different customer initiated investment related arbitration claim where the customer was awarded $7,300.00 in damages based upon Steinberg being found liable on the customer’s claims of misrepresentation and breach of fiduciary duty relating to the customer’s investment in Black Diamond funds. The claim also alleges negligence and unsuitability.
On November 3, 2016, an additional customer filed an investment related complaint regarding Steinberg’s activities in which the customer requested $16,833.18 in damages supported by allegations that the customer had been sold bad stocks by Steinberg at Dawson James. On April 26, 2018, a customer filed an investment related complaint involving Steinberg’s conduct where the customer sought $39,796.42 in damages founded on allegations that transactions effected in the Dawson James customer’s account were in no way suitable for the customer.
Steinberg’s registrations with Dawson James Securities and Dawson James Asset Management have been terminated as of June 2, 2016. He has been registered with Westpark Capital since June 1, 2016.
