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Steven Luftschein Formerly With Joseph Stone Capital L.L.C. and Aegis Capital Corp. Has 18 Customer Complaints For Alleged Broker Misconduct

Who is Steven Luftschein formerly with Joseph Stone Capital L.L.C.?

Steven Luftschein

Steven Luftschein (CRD #2690117) who was formerly registered with Joseph Stone Capital L.L.C. and located in Huntington, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Joseph Stone Capital L.L.C., Steven Luftschein was associated with Aegis Capital Corp. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Steven Luftschein has had his own regulatory problems. He has been permanently barred by FINRA from any further association with any FINRA member firm in any capacity for allegedly violating the Federal Securities laws and FINRA Rule 2020 by churning his customers’ accounts at his member firm.

Investment Losses? Let’s talk.

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Steven Luftschein Customer Complaints

Steven Luftschein has been the subject of 18 customer complaints that we know about to recover investment losses. Fifteen of the customer complaints were settled by Aegis Capital Corp. in favor of the investors. The other 3 customer complaints were denied by Steven Luftschein’s former employers no further action was taken.

Allegations Against Steven Luftschein

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investments.
  • Excessive and unsuitable trading.
  • False and misleading statements.
  • Churning.
  • Unauthorized trading.
  • Negligence and breach of fiduciary duty.
  • Unsuitable investment recommendations.
  • Misrepresentations and omissions related to stock investments.
  • Violations of federal and Georgia Securities laws.

Steven Luftschein Red Flags & Your Rights As An Investor

Of course, Steven Luftschein did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Steven Luftschein at Joseph Stone Capital L.L.C. and Aegis Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Steven Luftschein has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Joseph Stone Capital L.L.C. and Aegis Capital Corp. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Joseph Stone Capital L.L.C. Due To Steven Luftschein

If you have questions about Joseph Stone Capital L.L.C., Aegis Capital Corp. and/or Steven Luftschein and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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