FINRA Sanctions Alan Feigenbaum

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Alan Feigenbaum (also known as Alan Scot Feigenbaum) [CRD: 3132230, Boynton Beach, FL]. Not only has FINRA sanctioned Feigenbaum for discretionary trading, but investors complained about the securities broker. However, Feigenbaum denies the allegations. Read on to learn more about the allegations against Alan Feigenbaum.

Feigenbaum Sanctioned By FINRA For Discretionary Trading

Evidently, on December 6, 2021, FINRA issued Case: 2019062006601 sanctioning Alan Feigenbaum for infractions. Specifically, Feigenbaum was issued a $15,000 fine. Also, the regulator suspended him as a securities broker for 5 months. Notably, FINRA alleged that Feigenbaum engaged in discretionary trading in 120 accounts. Supposedly, the broker made 2,000 trades across those accounts without having written authorization to make discretionary trades. Also, the regulator indicated that Feigenbaum did not provide accurate information regarding discretionary trading on his compliance certifications.

National Securities Corp. Terminates Alan Feigenbaum For Improper Use Of Trading Platform

Also, on February 22, 2019, National Securities Corp. disaffiliated with Alan Feigenbaum. Mainly, National Securities Corp. alleged that Feigenbaum did not reasonably use the trading platform of the firm for executing trades in accounts of clients.

National Securities Corp. Investor Accused Feigenbaum Of Unauthorized Trading

Evidently, a National Securities Corp. client filed FINRA Arbitration: 15-03285 about Alan Feigenbaum. Namely, the client alleged that Feigenbaum engaged in unauthorized trading, was negligent, breached a fiduciary duty, made misrepresentations to the client, and made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, on March 8, 2016, National Securities Corp. settled this matter by paying the client $14,999 in damages. However, the firm and Feigenbaum admit no liability in this settlement.

Feigenbaum Employment Information

• Feigenbaum worked for National Securities Corporation in Boynton Beach, FL, as a securities broker from November of 2013 to March of 2019.
• Feigenbaum worked for Newbridge Securities Corporation in Boynton Beach, FL, as a securities broker from April of 2019 to May of 2021.

Damages Resulting From Newbridge Securities Corporation Securities Broker Alan Feigenbaum?

Did you suffer damages through investing with Feigenbaum? Get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for many investors across the country, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Feigenbaum and brokerage firms he worked for deny any and all allegations of sales practice violations.