Public records published by the Financial Industry Regulatory Authority (FINRA) on December 25, 2016 indicate that former Florida-based Sterne Agee Financial Services broker/adviser Bruce Weinstein permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Weinstein (CRD# 1573055).
Bruce Weinstein has spent 26 years in the securities industry and was most recently registered with Sterne Agee Financial Services in Boca Raton, Florida and Princeton, New Jersey (2014-2016). 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 currently not registered with any state or firm.
According to his BrokerCheck report, Bruce Weinstein has received three customer complaints and one regulatory sanction, and was discharged from his most recent employer.
In November 2016 FINRA sanctioned him following allegations he “submitted false expense reports, and accepted reimbursements from his member firm for ineligible expenses.” FINRA found that “each of the expense reports submitted falsely represented that Weinstein and multiple customers and potential customers had attended football games using tickets for which Weinstein sought reimbursement.” However, according to FINRA, Mr. Weinstein “had sold the tickets to third parties, and neither he nor any customers or potential customers had attended the games.” FINRA concluded that “by knowingly submitting false expense reports Weinstein caused the firm to maintain inaccurate books and records.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In November 2016 he was terminated from his position at Sterne Agee Financial Services following allegations he submitted false expense reports and accepted reimbursements for ineligible expenses.
In 2014 a customer alleged Bruce Weinstein, while employed at Morgan Stanley, effected excessive transactions, recommended unsuitable securities, and made unauthorized trades. The complaint settled in in February 2015 for $56,500.
In 1990 a customer alleged Bruce Weinstein, while employed at Prudential-Bache, failed to follow instructions, made unauthorized transactions, and misrepresented material facts related to an investment. The complaint settled for $36,000.
If you have lost money investing with Bruce Weinstein, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.