fbpixel
888-840-1571

National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

Erez Law Investigates First Standard Financial Company LLC Financial Advisor Arthur Coffey

Posted on Friday, September 28th, 2018 at 2:32 pm    

First Standard Financial Company LLC logo

Were you the victim of First Standard Financial Company LLC financial advisor Arthur Coffey (CRD# 2553466)? Coffey has been registered with First Standard Financial Company LLC in Miller Place, New York since 2016. Previously, Coffey was registered with Legend Securities, Inc. in New York, New York from March 2015 to December 2016, with Tryco Securities, Inc. in Melville, New York from March 19-20 and 12-13, 2015, and with Brookville Capital Partners in Miller Place, New York from May 2013 to March 2015.

Coffey has been the subject of 15 customer complaints between 1996 and 2017, one of which was withdrawn, according to his CRD report. The most recent customer complaint is regarding:

April 2017. “Violation of rule 10b-5 fraud and deceit misrepresentation unauthorized unsuitable trading.” The customer is seeking $3,175,648.68 in damages and the case is currently pending. This case is regarding penny stocks and direct investments.

Eight past settled complaints were regarding misrepresentation and failure to follow instructions, unauthorized and excessive trading, negligence, and fraud.

Four customer were awarded settlements regarding churning, unsuitable investments, unauthorized trades, excessive trading, negligence, actual and constructive fraud, as well as other acts of securities fraud.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Standard Financial Company LLC may be liable for investment or other losses suffered by Coffey’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.