ATTENTION INVESTORS: Complaint Against Lombard Securities About ERIC ZAKARIN

Have you suffered investment losses with Lombard Securities broker Eric Zakarin (CRD#: 1708397, Cranford, New Jersey)? Investors should take caution if investing with Zakarin because of investors’ and his previous employers’ allegations against him. Take a look at some of the customer disputes involving Zakarin:

Lombard Customer Files November 2018 Fraud Lawsuit Concerning Eric Zakarin

 

Evidently, a Lombard Securities customer filed a FINRA Arbitration #18-03870 on November 9, 2018. Primarily, the customer alleged Eric Zakarin churned the customer’s account. Supposedly, Zakarin made trades of corporate debt, government debt, stock and mutual fund products without considering the customer’s interests. Secondly, the customer claimed that investments were not suitable. Thirdly, Zakarin or Lombard Securities allegedly engaged in fraudulent investment transactions in the customer’s account. Fourthly, the customer claimed that Zakarin violated his fiduciary responsibility to the customer. Furthermore, Lombard Securities allegedly failed to supervise Zakarin’s trading and management of the customer’s brokerage account. Because of this, the customer demanded compensatory relief. Although the customer’s claims may hold true, this matter is unresolved.

Wells Fargo Customer Files Dispute Alleging Zakarin Made Unauthorized Trades

 

Evidently, Eric Zakarin worked at Wells Fargo Advisors, LLC (Westfield, New Jersey) from July 12, 2013 to May 1, 2015. While there, Zakarin serviced the account of a customer who later complained. Particularly, the customer stated that Zakarin bought mutual funds for the customer’s account without the customer’s permission. Allegedly, Zakarin made unauthorized trades from 2013 to 2015. Because of this, Wells Fargo Advisors LLC paid the customer to settle the matter June 28, 2016.

Lombard Securities, Wells Fargo Disaffiliate With Eric Zakarin

 

Notably, two securities brokers discharged Eric Zakarin over the last five years. Specifically, Wells Fargo Advisors, LLC disaffiliated with Zakarin April 1, 2015. Allegedly, Zakarin mishandled a customer’s documents in an IRS offshore voluntary disclosure program relating to the customer’s foreign currency. On October 10, 2018, in less than two years from Zakarin’s hire, Lombard Securities Incorporated permitted Zakarin to resign. According to Lombard Securities Incorporated, Zakarin had high commission to asset ratios for customer’s investment accounts. Not only that, but Zakarin potentially made unauthorized trades in Lombard Securities Incorporated customer accounts.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

FINRA BrokerCheck shows that Zakarin was found responsible, in at least one case, for making unauthorized and unsuitable trades. Suffered losses by investing with securities broker Eric Zakarin? If so, contact Soreide Law Group at (888) 760-6552, where you can speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.