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Former Boustead Securities, LLC Broker Melvin Pirchesky Investment Loss Options

Posted on Monday, October 18th, 2021 at 7:01 pm    

Boustead Securities

There are options for clients of former Boustead Securities, LLC broker Melvin Pirchesky (CRD# 1143100) who suffered investment losses. Pirchesky has been registered with Weild & Co. in New York, New York since 2019. Previously, Pirchesky was registered with Boustead Securities, LLC in Irvine, California from 2016 to 2019, when he was terminated regarding, “At the time of his resignation, the RR was under internal review for violations of FINRA communications rules and the related firm policies. The RR was permitted to resign.”

Pirchesky has been the subject of two customer complaints between 2018 and 2020, according to his CRD report:

October 2020. “The plaintiff acting as the trustee of OneJet alleging excessive commissions.” The customer is seeking $871,021.18 in damages and the case is currently pending. The complaint took place while Pirchesky was registered with Boustead Securities, LLC and was regarding private placements. 

December 2018. “The plaintiffs allege false representation of the issuer’s financials and operations.” The case is currently pending. The complaint took place while Pirchesky was registered with Boustead Securities, LLC and was regarding private placements. 

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, Boustead Securities, LLC may be liable for investment or other losses suffered by Pirchesky’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.