This summation of information is available on FINRA's website under “Disciplinary and Other FINRA Actions, May, 2014.”
Steven Foreman Kahn (CRD #1001362, Buffalo Grove, Illinois)
was fined $10,000 and suspended by FINRA for 20 business days. Allegedly, Kahn effected transactions in a cclient’s account without first obtaining the client’s authorization.
FINRA's findings stated that the client had died two years before Kahn became the representative of record. Allegedly, then Kahn had placed trades without the client’s authorization, the estate representative, or any other person with authority on the account.
Also, according to FINRA, allegedly a client had complained to Steven Kahn that he was being charged excessive commissions for trades. Kahn allegedly agreed to refund a some of the commissions that he had charged over the past five years. Kahn took $7,005.68 from his own personal checking account and gave it to the client to settle the complaint. Steven Kahn did not inform his firm of his client’s complaint. Also, according to the FINRA report, Kahn did not obtain his firm’s approval to pay the client the settlement amount.
This suspension was in effect from April 7, 2014, through May 5, 2014.
(FINRA Case #2010024957001)
According to FINRA's BrokerCheck, Steven Foreman Kahn is currently registered with the following FINRA firm:
AMERICAN TRUST INVESTMENT SERVICES, INC. (CRD# 3001) Registered with this firm since 5/8/2014
230 W. MONROE SUITE 300, CHICAGO, IL 60606
Steven Foreman Kahn was previously registered with the following FINRA firm(s):
LASALLE ST SECURITIES, L.L.C. (CRD# 7191) - CHICAGO, IL
10/2010 - 03/2014
ROTHSCHILD INVESTMENT CORPORATION (CRD# 728) - CHICAGO, IL
05/1983 - 10/2010
ROTHSCHILD INVESTMENT CORPORATION (CRD# 728) 01/1982 - 06/1999
This ends the FINRA findings.
If you suffered financial losses due to your broker/financial advisor's recommendations, call Soreide Law Group for a free consultation at 888-760-6552. We represent our clients nationwide before FINRA.
Soreide Law Group is investigating potential investor claims involving Cove Capital 1031 Delaware Statutory Trust (DST) investments and whether brokers improperly recommended these specific tax-deferred real estate offerings. Cove Capital 1031 DSTs are structured investments that allow investors to reinvest proceeds from the sale of real estate into fractional interests in institutional-grade properties while deferring […]
Investors might have sustained losses due to securities broker Marc Charles Koch [CRD: 4978078, New York, New York], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Koch worked for Morgan Stanley from March 30, 2023, to the present, First Republic Investment Management Inc. from November 7, 2022, to April 25, […]
Investors potentially incurred losses because of securities broker Stephen Charles Newell Hlibok (also known as Stephen Hlibok and Steve Hlibok) [CRD: 1728900, Columbia, Maryland], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hlibok worked for Merrill Lynch Pierce Fenner Smith Incorporated from September 25, 1987, to the present as a broker, and from […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com