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Can I Recover Losses from Unsuitable Investments with Garden State Securities, Inc. Broker Jason Zwibel?

Posted on Monday, February 12th, 2018 at 12:26 pm    

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Erez Law is interested in speaking with investors who may have suffered losses due to investments with Garden State Securities, Inc. broker Jason Zwibel (CRD# 2460258) regarding unsuitable investments, negligence, and other securities violations. 

Zwibel has been registered with Garden State Securities, Inc. in Wellington, Florida since 2010. Back in 1994 when Zwibel was employed with D.H. Blair & Co., Inc., Zwibel was terminated regarding, “ Mr. Zwibel was found to be in possession of qualified leads which belonged to another blair account executive.”

Zwibel has been the subject of five customer complaints between 1998 and 2019, two of which were denied, according to his CRD report:

August 2019. “Unsuitability, breach of fiduciary duty. Date range approx. 01/2012 – 12/2017.” The case is currently pending. 

November 2017. “Unsuitable investments, negligence, breach of fiduciary responsibility. Time period 2013-2016.” The customer sought $2,670,750 in damages and the case was settled for $110,000.

June 2007. “Negligence, breach of fiduciary duty, negligent misrepresentation, unjust enrichment, failure to supervise.” The customer sought $690,000 in damages and the case was settled for $50,000.

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, Garden State Securities, Inc. may be liable for investment or other losses suffered by Zwibel’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.