UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions:”Anthony Pace (CRD #2481049, Glendale, New York) December 3, 2019 – An AWC was issued in which Pace was fined $5,000 and suspended from association with any FINRA member in any principal capacity for 60 days. Without admitting or denying the findings, Pace consented to the sanctions and to the entry of findings that he failed to reasonably supervise a registered representative at his member firm who excessively traded customer accounts and was on heightened supervision. The findings stated that Pace was responsible for implementing the additional supervisory guidelines as detailed in the representative’s heightened supervision plan. Pace did not pre-approve all customer orders the representative submitted as required by the plan, and he did not otherwise follow the firm’s procedures to review for excessive trading and churning. Soon after the representative became the representative on the accounts for the customers, both accounts began to appear on the firm’s active account report over multiple months. The firm’s active account report included the amount of commission, number of trades and activity levels, which indicated excessive trading. Pace also failed to follow up on other red flags. Pace was aware that one of the customers was 81 years old at account opening and although the customer’s new account documentation showed an investment objective of growth and income, the account had a high level of activity. Rather than investigate the suitability of the transactions or confirm with the customer, Pace relied on the representative’s representation that the investment objective was speculation. In addition, Pace was copied on email correspondence from the other customer in which that customer questioned the representative’s trading. Pace failed to follow up with the customer or the representative regarding the issues raised in the emails.The suspension is in effect from January 6, 2020, through March 5, 2020. (FINRA Case #2017052475702)”
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Anthony Pace. If you suffered losses investing with Anthony Pace, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Anthony Pace (CRD# 2481049)
As of April 12, 2020, Anthony Pace’s FINRA BrokerCheck Report contains the following:
Disclosure Events
6 Customer Dispute(s)
1 Regulatory Event(s)
1 Employment Separation After Allegations
1 Financial Disclosure(s)
Current and Previous Registrations
05/21/2018 – PRESENT JOSEPH STONE CAPITAL LLC. (CRD#:159744) NEW YORK, NY
05/23/2018 – 05/29/2018 WINDSOR STREET CAPITAL, LP (CRD#:34171) NEW YORK, NY
FINRA expelled the firm on 05/29/2018
10/28/2015 – 05/14/2018 WINDSOR STREET CAPITAL, LP (CRD#:34171) NEW YORK, NY
FINRA expelled the firm on 05/29/2018
03/26/2015 – 10/23/2015 ALEXANDER CAPITAL, L.P. (CRD#:40077) NEW YORK, NY
09/17/2010 – 04/13/2015 GLOBAL ARENA CAPITAL CORP (CRD#:16871) NEW YORK, NY
FINRA expelled the firm on 01/04/2016
05/04/2009 – 09/20/2010 VFINANCE INVESTMENTS, INC (CRD#:44962) NEW YORK, NY
07/07/2005 – 05/04/2009 J.P. TURNER & COMPANY, L.L.C. (CRD#:43177) HOLLYWOOD, FL
03/07/2005 – 08/10/2005 INTERNET CAPITAL MARKETS CORPORATION (CRD#:103725) NY, NY
06/25/2001 – 03/23/2005 LH ROSS & COMPANY, INC. (CRD#:37920) BOCA RATON, FL
FINRA expelled the firm on 03/17/2005
08/31/1998 – 06/27/2001 FAS WEALTH MANAGEMENT SERVICES, INC. (CRD#:10164) SARASOTA, FL
07/18/1994 – 08/31/1998 BILTMORE SECURITIES, INC. (CRD#:25023) FT. LAUDERDALE, FL
FINRA expelled the firm on 03/01/1999
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Anthony Pace and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
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