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.
Investors apparently complained about securities broker Thaddeus Michael Eubanks [CRD: 5888014, Yuba City, California], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. FINRA BrokerCheck reflects that Eubanks was registered with Edward Jones in Yuba City, California for more than a decade before his association with the firm ended in 2026. Keep reading […]
Investors potentially incurred losses because of securities broker Leslie D. Sprockett [CRD: 2886716, Elgin, South Carolina], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leslie Sprockett worked for WRP Investments Inc. from June 11, 1997, to September 12, 2014, and has worked for StoneX Securities Inc. since September 12, 2014. Investors are […]
Investors potentially experienced sales practice violations by securities broker Chad Kristopher Mehle [CRD: 7008517, Irvine, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mehle worked for J.P. Morgan Securities LLC from September 20, 2023, to March 25, 2026, and previously worked for Merrill Lynch from July 5, 2022, to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com