Daniel L. Silverstein, of Boca Raton, Florida, a stockbroker currently registered with Primex, or Prime Electronic Execution, Inc. has been named in a customer initiated investment related arbitration claim on August 19, 2016, in which the customer has requested $431,000.00 in damages based upon allegations that Silverstein breached his fiduciary to the customer, traded in the customer’s account without authorization, and effected excessive trades and churned the customer’s accounts.
FINRA Public Disclosure also reveals that on April 26, 2012, the Florida Office of Financial Regulation issued an Order denying Silverstein’s application for securities registration based upon allegations that Silverstein was subject to felony criminal charges for effecting sales of securities without registration, and via a broker who was also allegedly unregistered.
Since 2004, Silverstein has been associated with nine different broker-dealers, four of which have been expelled from FINRA for the violation of the federal securities laws or self regulatory rules, including the failure to pay a customer arbitration awards. Prior to the initiation of this action, Silverstein has been the subject of at least three regulatory actions, and is the subject of at least two disclosed unpaid federal tax liens totaling approximately $100,000.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
