Jonothon M. Lieberman, of Farmingdale, New York, a stockbroker with Rockwell Global Capital, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into Lieberman’s alleged sales practice violations. Letter of Acceptance, Waiver and Consent, No. Jonothon M. Lieberman (May 4, 2016).
According to the AWC, FINRA launched an investigation into Lieberman on April 1, 2016, specifically exploring whether Lieberman engaged in potential sales practice violations. The AWC stated that FINRA requested, per Rule 8210, that Lieberman provide on-the-record testimony on April 1, 2016.
The AWC further stated that on April 4, 2016, FINRA requested that Lieberman provide documentation and information, which included tax documents and bank records. Lieberman apparently contacted FINRA on April 6, 2016, where he acknowledged the aforementioned requests, but indicated that he would not be cooperating at any point. The AWC stated that Lieberman never provided the requested documentation, nor appeared for testimony. As such, FINRA found that Lieberman violated FINRA Rules 8210 and 2010, and barred him as a result.
Prior to being barred, Lieberman was associated with fifteen different brokerage firms, including Stratton Oakmont, and at least eight other firms that were expelled by FINRA. In 2010, Lieberman cockaroached his way to Rockwell Global.
Public disclosure records reveal that Lieberman has been subject to eighteen disclosure incidents. On July 14, 1995, Lieberman settled a customer dispute for $35,000.00 amid allegations of unauthorized trades. On October 12, 1995, Lieberman settled a customer dispute for $48,000.00 after the customer alleged churning, misrepresentation, and failure to supervise.
On November 20, 1995, Lieberman settled a customer dispute for $19,000.00 after a customer claimed unsuitability, failure to execute, failure to supervise, and misrepresentation. On February 12, 1996, Lieberman settled a customer dispute for $19,000.00 after a client claimed misrepresentation and unsuitability.
On July 1, 1996, Lieberman settled a customer dispute for $10,000.00 after a customer claimed churning, manipulation, and failure to supervise. Lieberman settled a customer dispute on August 17, 2006, for $40,000.00 after a customer alleged securities fraud, churning, misrepresentation, and unsuitability. On July 15, 2008, a customer received $12,500.00 in connection with a customer dispute, where Lieberman was accused of unauthorized trading, fraud, and excessive trading and churning.
On March 24, 2014, Lieberman settled a customer dispute for $150,000.00 after a customer alleged negligence and unsuitability. On January 5, 2015, Lieberman settled a customer dispute for $32,881.12 after a customer alleged unauthorized trading.
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