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Steven Pagartanis Formerly With Lombard Securities Incorporated and Cadaret, Grant & Co., Inc. Has 14 Customer Complaints For Alleged Broker Misconduct

Who is Steven Pagartanis formerly with Lombard Securities Incorporated?

Steven Pagartanis

Steven Pagartanis (CRD #1958879) who was formerly registered with Lombard Securities Incorporated and located in Seatauket, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Lombard Securities Incorporated, Steven Pagartanis was associated with Cadaret, Grant & Co., Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Steven Pagartanis has had his own regulatory problems, he was sued by the United States SEC and also pled guilty to one count of conspiracy to commit mail and wire fraud and sentenced to a prison term of 170 months followed by 3 years of supervised release and ordered to make restitution in the amount of over $6.5 million in connection with a scheme and attempt to defraud investors.

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Steven Pagartanis Customer Complaints

Steven Pagartanis has been the subject of 14 customer complaints that we know about to recover investment losses. One customer complaint evolved into an arbitration proceeding and an arbitration award for over $1.4 million in favor of the investor. The other 13 customer complaints were settled by Cadaret Grant & Co. in favor of the investors.

Allegations Against Steven Pagartanis

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

  • The advisor misrepresented the investments as a real estate investment but misappropriated customers funds for his personal use.
  • Selling away.
  • Unsuitable recommendations to invest in a small speculative land development Co.
  • Negligence, suitability, misrepresentation and fraud related to REIT investments.

Steven Pagartanis Red Flags & Your Rights As An Investor

Of course, Steven Pagartanis 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 Pagartanis at Lombard Securities Incorporated and Cadaret, Grant & Co., Inc. on alert to review carefully the activity and performance of their accounts and question whether Steven Pagartanis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Lombard Securities Incorporated and Cadaret, Grant & Co., Inc. 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 Lombard Securities Incorporated Due To Steven Pagartanis

If you have questions about Lombard Securities Incorporated, Cadaret, Grant & Co., Inc. and/or Steven Pagartanis 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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