Tag Archives: Northeast Securities Inc.

FINRA Arbitration Panel $1.8 million Award Against Northeast Securities

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud   |   Comments Off on FINRA Arbitration Panel $1.8 million Award Against Northeast Securities

A FINRA arbitration panel from New York issued an award dated July 10, 2017, in favor of customer Timothy McLaughlin against Northeast Securities, Inc., and three of its employees, Steven Joseph Perrone, Diane Hawkins and Jonathan Michael Zucker. Northeast Securities and the three employees were all named as respondents in the claim.  FINRA Arbitration No. […]

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Oppenheimer Broker Suspended For Investor Loans

Patrick McGrath III of Miami Florida a stockbroker formerly employed by Oppenheimer Co. Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without permission. Letter of Acceptance Waiver and Consent No. 201303723890 […]

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Customer Wins $1.8 Award Against Northeast Securities

October 05, 2017  |   Posted by :   |   Securities Arbitration Claims   |   0 Comments

Jonathan Michael Zucker, of Mitchelfield, New York, a stockbroker currently registered with Northeast Securities, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer was awarded $1,758,000.00 in compensatory damages supported by allegations that the customer’s account was handled with negligence; the customer’s investments were churned and induced by Zucker’s […]

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Northeast Securities Named in Customer Arbitration Alleging Unsuitability

November 30, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Aldo N. Marchena, of Boca Raton, Florida, a stockbroker formerly registered with Northeast Securities, Inc., has been subject to a customer initiated investment related arbitration claim on July 27, 2016, in which the customer requested $75,000.00 in damages based upon allegations that Marchena breached his fiduciary duties to the customer by making unsuitable recommendations of […]

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