Fort Lauderdale-based Soreide Law Group, (888) 760-6552, recently obtained the following summary of information located on FINRA’s website, under “Disciplinary and Other FINRA Actions, August, 2014.”
Stuart James Siegel (CRD #835515, Bradenton, Florida)
was barred by FINRA for allegedly converting more than $76,000 of a foundation’s funds for his own personal use.
FINRA's findings stated that Siegel was appointed president of a foundation established by a customer’s estate after the customer’s death, and subsequently opened a brokerage account at his member firm to fund the foundation's activities.
According to the FINRA report, Stuart Siegel was allowed to serve as president, but his firm prohibited him from receiving any compensation and from serving as the foundation’s broker. Because he was president, Siegel had access to the foundation’s checking account, and had authority to use its debit card. Siegel was also responsible for placing trades in the foundation’s brokerage account.
According to FINRA, Siegel used the foundation’s funds for his personal benefit, and did not inform the other officers or board members.
(FINRA Case #2012035272901)
According to FINRA's BrokerCheck, Stuart James Siegel was previously registered with the following securities firm(s):
Registered Dates Firm
03/2013 - 01/2014 OPPENHEIMER & CO. INC. (CRD# 249) - SARASOTA, FL
06/2009 - 12/2012 MORGAN STANLEY (CRD# 149777) - VENICE, FL
05/2005 - 06/2009 CITIGROUP GLOBAL MARKETS INC. (CRD# 7059) - VENICE, FL
06/1994 - 06/2005 MORGAN STANLEY DW INC. (CRD# 7556) - PURCHASE, NY
03/1991 - 06/1994 LEGG MASON WOOD WALKER, INCORPORATED (CRD# 6555) - BALTIMORE, MD
05/1990 - 04/1991 JESUP, JOSEPHTHAL SECURITIES CO., INC. (CRD# 3144)
08/1986 - 05/1990 JOSEPHTHAL & CO., INCORPORATED (CRD# 475)
03/1988 - 10/1988 A. G. EDWARDS & SONS, INC. (CRD# 4)
10/1985 - 08/1986 GRUNTAL & CO. INCORPORATED (CRD# 372)
10/1982 - 10/1985 HERZFELD & STERN INC. (CRD# 406)
11/1980 - 10/1982 E. F. HUTTON & COMPANY INC (CRD# 235)
09/1979 - 09/1980 SHEARSON LOEB RHOADES INC. (CRD# 7506)
09/1978 - 09/1979 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691)
03/1977 - 09/1978 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. (CRD# 572)
This ends the summary from FINRA's website.
Please call the Ft. Lauderdale-based Soreide Law Group for your free consultation on how to potentially recover your investment losses: 888-760-6552.
Soreide Law Group is investigating potential investor claims involving World Investments LLC after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and registered index-linked annuities (RILAs). Investors who suffered losses in variable annuities, RILAs, or other investments recommended through World Investments may have legal options and should learn more about FINRA's […]
Investors potentially experienced sales practice violations by securities broker Gary Bryan Frisch [CRD: 5037164, Surprise, Arizona], according to public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Frisch worked for Avantax Investment Services Inc. and Avantax Advisory Services from October 25, 2019, through September 5, 2025, and has been registered with Cetera Wealth Services […]
Investors potentially incurred losses because of securities broker Christopher Frederick Chlupp [CRD: 2950578, Wisconsin Dells, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Chlupp has worked for Robert W. Baird Co. Incorporated as a securities broker since June 25, 1998, and as a financial advisor since September 24, 1998. Keep reading to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com