Arkady Ginsburg Suspended – Broker/Financial Advisor | May Recover Investor Losses

Arkady Ginsburg Suspended – Broker/Financial Advisor | Goodman & Nekvasil P.A., May Recover Investor Losses

Arkady Ginsburg Suspended by FINRA for Alleged Excessive and Unsuitable Trading

According to FINRA:  Arkady Ginsburg engaged in excessive and unsuitable trading in the accounts of three of his customers at Aegis Capital Corp. Two of the customer accounts were heavily margined, generated high cost-to-equity ratios and turnover rates, as well as significant losses and trading costs. Because Ginsburg recommended the trading in the customers’ accounts and the customers routinely followed his recommendations, Ginsburg controlled the volume and frequency of trading in the accounts and therefore exercised de facto control over the accounts.

Northstar Financial Services (Bermuda) Investigation

Arkady Ginsburg CRD # 5256747

Arkady Ginsburg is a licensed broker with AEGIS CAPITAL CORP. (CRD#:15007).

Arkady Ginsburg Consented to the Imposition of the Following FINRA Sanctions:

A six-month suspension from associating with any FINRA member in all capacities and restitution in the amount of $113,591.00.

 Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Arkady Ginsburg and believe the investments may have been unsuitable, or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ginsburg’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for almost 40 years. Goodman & Nekvasil, P.A. has recovered more than $250 million on behalf of victimized investors. If you lost money on investments with Arkady Ginsburg and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained on 3/28/22 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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