FINRA Sanctions David Menashe

Soreide Law Group is investigating possible investor claims against securities broker David Menashe AKA David Gene Menashe [CRD#: 5727269, New York, NY]. Evidently, FINRA sanctioned the securities broker, who worked for Allied Millennial Partners LLC. Allegedly, Menashe failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Here is a brief summary FINRA’s allegations against Menashe.

FINRA Sanctions Allied Millennial Partners LLC Securities Broker David Menashe For Failure To Testify

Evidently, on July 15, 2022, FINRA issued Case #: 2019064511201 sanctioning David Menashe for infractions. Specifically, FINRA barred the securities broker. Notably, FINRA alleged that Menashe failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules.

Supposedly, Menashe was discharged as a stockbroker when Allied Millennial Partners filed a Uniform Termination Notice for Securities Regulation (Form U5) with FINRA. FINRA then began an investigation into Menashe and, on May 27, 2022, sent a request to Menashe for on-the-record testimony. Menashe contacted FINRA staff by phone on June 6, 2022, where he indicated that he would not appear for on-the-record testimony. Then on June 17, 2022, through his counsel, Menashe indicated that he had received FINRA's request and that he would not appear for on-the-record testimony at any time. Menashe violated FINRA Rules 2010 and 8210 as a result.

Montana Securities Division Sanctions Joseph Stone Capital Securities Broker For Excessive Trading

Also, on April 20, 2017, Montana Securities Division issued Case #: SEC-2016-124 sanctioning David Menashe for infractions. Specifically, Montana Securities Division issued a $15,000 fine. Evidently, Montana Securities Division alleged that Menashe made excessive and unauthorized transactions.

David Menashe Discloses Excessive Trading Allegations By Joseph Stone Capital Client

Also, a client of Joseph Stone Capital contested David Menashe’s sales practices by filing FINRA Arbitration #: 18-02598. Allegedly, Menashe made excessive transactions, made misrepresentations, and breached a fiduciary duty. Supposedly, the over-the-counter equities which Menashe sold or recommended had caused the client to sustain damages. Therefore, Joseph Stone Capital opted to settle the matter on July 19, 2018.

Recent Employer Information

David Menashe worked for Allied Millennial Partners in New York, NY, as a securities broker from October 19, 2021 to March 3, 2022.

Damages Resulting From Allied Millennial Partners LLC Securities Broker David Menashe?

Have you sustained damages by investing with David Menashe? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Menashe and brokerage firms Menashe was employed by deny any and all allegations of sales practice violations.