Charles Henry Postel (Chuck Postel) – Financial Advisor/Broker Chuck Postel Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Charles Henry Postel (Chuck Postel) CRD #1478786
Charles Henry Postel (Chuck Postel) was a previously licensed financial advisor/broker with Sifel, Nicolaus & Company, Incorporated. According to FINRA, Chuck Postel was fined $5,000 and suspended from the securities industry for 15 days in April 2020.
According to FINRA Allegations:
Chuck Postel consented to the sanctions and to the entry of findings that Chuck Postel effected pairs of agency cross transactions in municipal securities between Chuck Postel’s member firm’s customers without obtaining the required customer written acknowledgements and the firm’s written approval. The findings stated that each of the pairs of municipal bond transactions were structured by Chuck Postel in a similar manner, with the firm selling municipal bonds as agent on behalf of one of its customers to another broker-dealer and then buying the same bonds back on the same day from the same broker-dealer as agent on behalf of another customer. In addition, for each of the pairs of municipal bond transactions Chuck Postel determined the amount of the mark-up that could be charged by the other broker-dealer for effecting these transactions. Chuck Postel violated his firm’s policies and procedures by not obtaining the required customer acknowledgments and the approval of his branch manager or branch office administrator prior to effecting these pairs of transactions.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Chuck Postel 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 Chuck Postel’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 more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Chuck Postel and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 3/27/2020 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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