Carl Antaki of Melville New York a stockbroker formerly employed by Rockwell Global Capital LLC is the subject of a customer initiated investment related arbitration claim which settled for $8,750.00 in damages based upon allegations that (1) Antaki misrepresented the terms and conditions of over-the-counter equities investments (2) churned the customer’s investment account (3) charged the customer commissions that were excessive (4) breached his fiduciary duties to the customer and (5) committed fraud. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02508 (Nov. 3, 2017).
FINRA Public Disclosure confirms that Antaki is referenced in three more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Weatherly Securities Corporation, Ehrenkrantz King Nussbaum, Inc. and Empire Financial Group, Inc.
Specifically, Antaki was named in a customer initiated investment related arbitration claim where the customer was awarded $20,000.00 in damages according to an arbitration claim in which Antaki was found liable for violating state and federal securities laws, negligently transacting in the customer’s account, effecting unauthorized trades in the customer’s account, and breaching his fiduciary duties to the customer in reference to the customer’s investments in Qlogic, Cisco Systems and 12 Technologies. National Association of Securities Dealers (NASD) Arbitration No. 03-04525 (June 2, 2006).
On March 24, 2008, a customer filed an investment related complaint involving Antaki’s conduct in which the customer requested $82,070.30 in damages founded on allegations that Antaki failed to follow the customer’s instructions pertaining to a stop loss order on the customer’s equity positions, and omitted investment details from the customer concerning transactions effected in the customer’s account.
Thereafter, a customer initiated investment related arbitration claim concerning Antaki’s activities was resolved for $62,500.00 in damages supported by accusations that Antaki inappropriately utilized the customer’s margin, executed transactions in the customer’s account that were not suitable for the customer, and charged the customer excessive commissions on stock trades. FINRA Arbitration No. 15-01681 (Mar. 29, 2016).
Antaki was discharged from prior employer, Empire Financial Group, based upon allegations of his failure to comply with a customer’s stop loss order. Since May 15, 2000, Antaki has been associated with five different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. Antaki has been associated with First Standard Financial Company LLC since November 2, 2015.
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