– Permanently Barred by SEC
SEC barred Alan Appelbaum for unsuitable investment recommendations.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
ALAN ZELIG APPELBAUM (CRD#: 500336), a formerly registered broker for AEGIS CAPITAL CORP., in Boca Raton, FL, is barred from the securities industry. The SEC’s complaint alleged that, from July 2017 through May 2019, Appelbaum disregarded his obligations to seven customers and violated the antifraud provisions of the federal securities laws by making unsuitable investment recommendations. The complaint further alleged that Appelbaum engaged in unauthorized trading, also in violation of the antifraud provisions of the federal securities laws.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 1/24/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.