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Steven Luftschein Faces Customer Complaint

shutterstock_101843953The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding New York-based Aegis broker Steven Luftschein, also known as Steven Lerner (CRD# 2690117).

Steven Luftschein has spent nineteen years in the securities industry and has been registered with Aegis Capital in Melville, New York since 2013. Previous registrations include John Thomas Financial in Melville, New York (2012-2013); Rockwell Global Capital in Melville, New York (2011-2012); Paulson Investment Capital in Melville, New York (2011-2012); Paulson Investment Company in Hauppage, New York (2004-2010: Gunnallen Financial in Hauppage, New York (2004-2010); Maxim Group in New York, New York (2001-2004); Investec Ernst & Company in New York, New York (2001-2002); Investec Ernst & Company in New York, New York (2001-2002); Josephthal & Company in New York, New York (1996-2001); JW Barclay & Company in Woodbridge, New Jersey (1996); MetLife Securities in New York, New York (1995-1996); and Metropolitan Life Insurance Company in New York, New York (1995-1996). He is a registered broker in eleven US states.

According to his BrokerCheck report, Steven Luftschein is the subject of eight customer complaints and one pending customer complaint.

  • In 2012 a customer alleged Steven Luftschein, while employed at Rockwell Global Capital, overused margin. The complaint settled for $21,378.
  • In 2010 a customer alleged Steven Luftschein, while employed at Gunnallen Financial, failed to supervise. The complaint settled in 2012 for $275,000.
  • In 2010 a customer alleged Steven Luftschein, while employed at Gunnallen Financial, failed to follow investment objectives, resulting in losses. The complaint settled in 2012 for $275,000.
  • In 2006 a customer alleged Steven Luftschein, while employed at Investec Ernst and Maxim Group, made unsuitable recommendations, made excessive and unauthorized trades, and used margin without authorization. The complaint settled in 2008 for $75,000.
  • In 2004 a customer alleged Steven Luftschein, while employed at Maxim Group, charged excessive commissions. The complaint settled for $52,586.
  • In 2004 a customer alleged Steven Luftschein, while employed at Maxim Group, charged excessive commissions. The complaint settled for $31,400.
  • In 2004 a customer alleged Steven Luftschein, while employed at Maxim Group, charged excessive commissions. The complaint settled for $15,000.
  • In 2004 a customer alleged Steven Luftschein, while employed at Investec, engaged in unauthorized, excessive, and unsuitable trading. The complaint settled for $40,000.

If you have complaints regarding Steven Luftschein, also known as Steven Lerner, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup lost funds. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.