Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 17, 2016 indicate that Florida- and New Jersey-based Sterne Agee Financial Services broker/adviser Bruce Weinstein has been the subject of numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Weinstein (CRD# 1573055).
Bruce Weinstein has spent 25 years in the securities industry and has been registered with Sterne Agee Financial Services in Boca Raton, Florida and Princeton, New Jersey since 2014. Previous registrations include Morgan Stanley in Lawrenceville, Florida; RBC Capital Markets in Princeton, New Jersey; Wachovia Securities in Lawrenceville, Florida; the Investment Center in Bedminster, New Jersey; Linsco/Private Ledger Corporation in Boston, Massachusetts; American Express Financial Advisors in Minneapolis, Minnesota; IDS Life Insurance Company in Minneapolis, Minnesota; Prudential-Bache Securities in New York, New York; and Merrill Lynch. He is a registered broker and investment adviser with twelve US states and territories: California, Connecticut, Delaware, Florida, Illinois, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, and Virginia.
According to his BrokerCheck report, Bruce Weinstein has received three customer complaints and resigned from Morgan Stanley.
In 2014, a customer alleged Bruce Weinstein, while employed at Morgan Stanley, executed excessive trades, made unsuitable investment recommendations, and effected unauthorized transactions. The complaint settled in in February 2015 for $56,500.
In 1991, a customer alleged Bruce Weinstein, while employed at Prudential-Bache, churned the account, executed unauthorized trades, and made unsuitable investment recommendations. The complaint settled for $35,000.
In 1990, a customer alleged Bruce Weinstein, while employed at Prudential-Bache, misrepresented material facts, failed to follow instructions, and executed unauthorized trades. The complaint settled in 1993 for $36,000.
If you or someone you know has suffered losses investing with Bruce Weinstein, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.