The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Mitchell Scott Biernick (CRD: 2690172, Ronkonkoma, New York). Not only has FINRA sanctioned Biernick for failing to testify when FINRA investigated him for potential FINRA rule violations on suitability, but investors disputed his sales practices. However, Biernick denies the allegations. Read on to learn more about the allegations against Biernick.
Notably, FINRA issued Acceptance, Waiver, and Consent No. 2019060645002 on October 18, 2022, sanctioning Mitchell Biernick for infractions. Allegedly, Biernick failed to testify when FINRA investigated the securities broker for possible violations of FINRA suitability rules. Therefore, Biernick was barred as a securities broker.
Also, a client of JP Turner Company LLC contested Mitchell Biernick’s sales practices, according to a complaint dated February 19, 2014. Allegedly, Biernick was negligent, churned accounts, made misrepresentations, made unsuitable recommendations, breached fiduciary duties, and breached a contract. Supposedly, Biernick caused the client to sustain damages. Therefore, the client requested compensation from JP Turner Company LLC or Biernick in the amount of $106,000. However, the securities firm denied this complaint.
Specifically, an American Capital Partners LLC client filed NASD Arbitration: 04-07386 about Mitchell Biernick. Namely, the client alleged that Biernick engaged in excessive trading, gave unsuitable advice, and engaged in unauthorized trading. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, on August 26, 2005, American Capital Partners LLC settled this matter by paying the client $85,000 in damages.
Biernick worked for Arive Capital Markets in Ronkonkoma, New York, as a securities broker from July 31, 2015, to December 10, 2021.
Have you experienced damages because of Mitchell Biernick? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for investors throughout the United States, represents investors on a contingency fee basis and advances costs. Biernick and brokerage firms Biernick worked for deny accusations against them.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
Phone:
Fax: 1-954-760-6553
Email: [email protected]