Joseph I. Yanofsky, of Greenwood Village, Colorado, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, has been subject to a customer initiated investment related arbitration claim on August 27, 2015, in which the customer alleged that Yanofsky effected unauthorized transactions in the customer’s investment account.
FINRA Public Disclosure reveals that Yanofsky has been subject to eight additional events concerning misconduct. Particularly, on September 13, 2004, a customer filed an investment related arbitration claim involving Yanofsky’s conduct, in which the customer requested $178,259.35 in damages based upon allegations that Yanofsky made unsuitable investment recommendations to the customer, and failed to disclose risks associated with investments.
On March 31, 2006, Yanofsky was again subject to a customer initiated investment related arbitration claim, in which the customer requested $20,000.00 in damages based upon allegations that Yanofsky made misrepresentations to the customer concerning investments.
Yanofsky was terminated from Merrill Lynch, Pierce, Fenner & Smith on May 1, 2015, based upon allegations that he effected discretionary trades in a customer’s account which was deemed non-discretionary by his firm, and failed to timely report a complaint against him filed by a customer.
On June 17, 2015, another customer filed an investment related arbitration claim involving Yanofsky’s conduct, in which the customer requested $455,000.00 in damages based upon allegations that Yanofsky failed to abide by the customer’s instructions, and made trades in the customer’s account without having proper authorization.
On July 6, 2015, a customer initiated investment related arbitration claim involving Yanofsky’s actions was resolved for $35,000.00 in damages based upon allegations that Yanofsky effected unauthorized trades in the customer’s account, and did not follow the customer’s instructions. On August 25, 2015, a customer initiated investment related arbitration claim involving Yanofsky’s conduct was settled for $75,000.00 in damages based upon allegations that Yanofsky made misrepresentations to the customer and unsuitable investment recommendations.
After Yanofsky’s May 2015 termination from Merrill Lynch, Pierce, Fenner & Smith, he became registered with First Financial Equity Corporation in June of 2015, where he is currently registered.
Guiliano Law Group
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