EUGENE ARTHUR MCADAMS CRD#: 4190211, formerly with JOSEPH STONE CAPITAL LLC of Center Moriches, New York, was barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm.
According to the FINRA report, dated August 4, 2021, without admitting or denying FINRA’s findings, EUGENE ARTHUR MCADAMS consented to the sanction and to the entry of findings that he allegedly refused to provide on-the-record testimony requested by FINRA in connection with FINRA’s investigation into the suitability of his recommended securities transactions in clients' accounts while registered with his member firm.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, EUGENE ARTHUR MCADAMS had been registered in the securities industry for 19 years and was listed with 14 firms. McAdams has 3 disclosures on his FINRA CRD report. In addition to the “Regulatory” disclosure barring him from the industry, McAdams also has 2 “Customer Disputes.”
In February of 2004, a dispute was filed against EUGENE ARTHUR MCADAMS alleging, “UNAUTHORIZED TRANSACTIONS.” The settlement amount was $60,000.00.
In June of 2018, another Customer Dispute was filed against McAdams following allegations of, “EXCESSIVE AND UNNECESSARY TRADING ON MARGIN; ELDER ABUSE; FALSE AND MISLEADING STATEMENTS; FRAUD; NEGLIGENT MISREPRESENTATION; BREACH OF FIDUCIARY DUTY;” The settlement amount was $20,000.00. McAdams denies all claims and allegations.
The following are the most recent firms EUGENE ARTHUR MCADAMS was listed with:
09/24/2015 - 06/17/2020 JOSEPH STONE CAPITAL LLC - CENTER MORICHES, NY
07/12/2012 - 09/23/2015 CAPE SECURITIES INC - LAKE GROVE, NY
06/23/2010 - 07/11/2012 PHD CAPITAL - NEW YORK, NY
If you’ve suffered losses due to the actions or recommendations of the former Joseph Stone Capital LLC of Center Moriches, New York, broker EUGENE ARTHUR MCADAMS, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.
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