Stephen E Trask Suspended After FINRA Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses
IP FINANCIAL ADVISORY SERVICES LLC investment adviser, Stephen E Trask Suspended After FINRA Allegations.
STEPHEN EDWARD TRASK
CRD#: 1837307
STEPHEN EDWARD TRASK (CRD#: 1837307), a former broker for VANDERBILT SECURITIES, LLC in MECHANICSBURG, PA, consented to a thirty days suspension from associating with any FINRA member in all capacities and a $5,000.00 fine.
According to NAHRSTEDT’s FINRA BrokerCheck Report, Without admitting or denying the findings, Trask consented to the sanctions and to the entry of findings that he exercised discretionary authority to enter at least 675 stop-loss orders in four customers’ accounts without having prior written authorization.
The FINRA findings stated that Trask’s member firm prohibited representatives from exercising discretionary authority in accounts and had not accepted the customers’ accounts as discretionary. Trask’s firm later submitted an amended Form U5 indicating that a customer had submitted a complaint about losses in her account.
Stephen E Trask Suspended After FINRA Allegations.
Goodman & Nekvasil, P.A. is investigating brokers who may have unsuitably recommended investments to their clients.
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 2/27/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.