Carl George Antaki of Melville New York a stockbroker formerly employed by First Standard Financial Company LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of bad stock trades being executed in the customer’s account during the time that Antaki was employed by First Standard Financial Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00662 (Mar. 12, 2019).
Antaki is the subject of four more customer initiated investment related disputes concerning allegations of his bad business practices while employed by securities broker dealers including Ehrenkrantz King Nussbaum Inc., Weatherly Securities Corporation, Rockwell Global Capital and Empire Financial Group.
FINRA Public Disclosure indicates that a customer initiated investment related arbitration claim pertaining to Antaki resulted in the customer being awarded $20,000.00 in compensatory damages based on Antaki being found liable for causing the customer’s losses on investments in QLogic, Cisco Systems and 12 Technologies. According to the claim, a fiduciary duty that was owed to the customer had been breached by Antaki. Stock transactions were executed without consent from the customer. The claim also alleges that transactions were negligent and ran afoul of securities laws.
On March 29, 2016, another customer initiated investment related arbitration claim in reference to Antaki’s conduct was resolved for $62,500.00 in damages based upon accusations that margin was inappropriately utilized to effect securities transactions and that the customer was charged an unreasonable amount in commissions or fees on trades effected by Antaki during the period in which he was associated with Rockwell Global Capital. FINRA Arbitration No. 15-01681.
Antaki is also referenced in a customer initiated investment related arbitration claim which was settled for $8,750.00 in damages based upon allegations that a fiduciary duty had been breached by the stockbroker relating to transactions he initiated at Rockwell Global Capital. FINRA Arbitration No. 17-02508 (Nov. 3, 2017). The claim alleges abuse of commissions and churning of the customer’s investment portfolio by Antaki. According to the claim, investment information had been misrepresented and the customer was defrauded on over-the-counter equities transactions.
FINRA Public Disclosure confirms that Antaki was also discharged by former employer Empire Financial Group founded on accusations that a stop loss order was not executed by Antaki according to the customer’s instructions.
Antaki’s employment with First Standard Financial Company was terminated on September 24, 2019. He has been employed by Network 1 Financial Securities Inc. since September 24, 2019. With the exception of Network 1 Financial, every firm with which Antaki has been associated has been expelled by regulators or is otherwise defunct.
