Stephen Salm Has Received a Regulatory Sanction

Stephen SalmPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 11, 2017 indicate that California-based Lombard Securities broker Stephen Salm has been sanctioned by FINRA and issued a suspension from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Salm (CRD# 1970888).

Stephen Salm has spent 27 years in the securities industry and has been registered with Lombard Securities in Carlsbad, California since 2014. Previous registrations include Securities America in Solana Beach, California; Financial West Group in Westlake Village, California; Torrey Pines Securities in San Diego, California; First Wall Street Corporation in Carlsbad, California; Raymond-Martin Financial; and Baraban Securities in Los Angeles, California. He is a registered broker with nine US states and territories: Arizona, California, Colorado, Nevada, New Mexico, New York, Oregon, Texas and Washington.

According to his BrokerCheck report, he has received one customer complaint and one FINRA sanction.

In August 2017 FINRA sanctioned him following allegations he “sent emails containing customers’ nonpublic personal information to a nonaffiliated third party, a broker at another member firm, without the customers’ knowledge or consent.” He was issued a fine of $5,000 and a 10-day suspension from acting as a broker.

In 2008 a customer alleged Stephen Salm, while employed at Torrey Pines Securities, did not follow instructions to sell a mutual fund when it reached a certain value. The complaint settled for $7,196.

If you have lost money investing with Stephen Salm, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.