Joshua Stamm – Joshua David Stamm, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Joshua Stamm, CRD# 4557338
Joshua Stamm was a previously licensed financial advisor/broker with Merrill Lynch in Virginia. FINRA reports that Joshua Stamm was suspended for six months in May 2018.
According to FINRA: Joshua Stamm consented to the sanctions and to the entry of findings that while associated with his member firm, he participated in two undisclosed private securities transactions in which a firm customer and the company that customer owned purchased a total of $500,000 in promissory notes. The findings stated that Joshua Stamm introduced the owner of an ammunition manufacturing company (the Ammunition Company) to one of his customers who was also involved in the manufacturing business (the Customer). The Customer, through the manufacturing company owned by the Customer, purchased a $300,000 promissory note issued by the Ammunition Company. Although Joshua Stamm did not receive any compensation as a result of the transaction, he participated in the purchase by reviewing the promissory note, making corrections to it, obtaining a signature on the note, delivering a check for the investment to the issuer, and providing the executed note to the Customer. The findings also stated that the Customer also purchased a $200,000 promissory note issued by the Ammunition Company. Again, although Joshua Stamm did not receive any compensation as a result of the transaction, he participated in the purchase by delivering a check for the investment to the issuer and providing the executed note to the Customer. Joshua Stamm did not provide any notice to his firm regarding the foregoing transactions prior to his participation in them.
If you lost any money on investments with Joshua Stamm, you may be able to recover your losses. If you lost money on investments with Joshua Stamm and believe that 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 Joshua Stamm’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Joshua Stamm 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.
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