Marc Lippman – Financial Advisor/Broker Barred by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Marc Lippman was a previously licensed financial advisor with Folger Nolan Fleming Douglas Inc. According to FINRA, Marc Lippman was barred from the securities industry in June 2021.
According to FINRA:
Lippman consented to the sanction and to the entry of findings that he provided false information to FINRA during on-the-record testimony regarding whether he was aware that his customer was deceased at the time of entering a securities transaction in the customer’s account. The findings stated that Lippman falsely stated that he was unaware of his customer’s death at the time of entering the securities transaction in the customer’s account. The findings also stated that Lippman effected an unauthorized transaction in a deceased customer’s account. Lippman was aware that the customer had died and placed a trade in the customer’s account, selling approximately $80,000 in securities. Despite knowing that the customer died, Lippman effectuated this transaction without permission or consent. Following the transaction, Lippman distributed the funds to one of the customer’s family members.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Marc Lippman 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 Marc Lippman’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 $200 million on behalf of victimized investors. If you lost money on investments with Marc Lippman 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 9/8/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.