Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 19, 2017 indicate that former Florida-based Securities America broker/adviser Stuart Horowitz has received several dozen resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Horowitz (CRD# 2795019).
Stuart Horowitz has spent nineteen years in the securities industry and was most recently registered with Securities America in Coral Gables, Florida (2009-2016). Previous registrations include NFP Securities in Coral Springs, Florida; Commonwealth Financial Network in Waltham, Massachusetts; Investacorp. in Miami, Florida; and Linsco/Private Ledger Corporation in Boston, Massachusetts. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received 33 customer complaints, five pending customer complaints, and one regulatory sanction.
In April 2017 a customer alleged Stuart Horowitz, while employed at NFP Advisor Services and Securities America, breached his fiduciary duty, committed fraud, breached contract, and made unsuitable recommendations. The customer is seeking unspecified damages in the pending complaint.
In February 2016 FINRA sanctioned him following allegations he “recommended and engaged in unsuitable trading in preferred notes of an unregistered limited partnership investment fund.” FINRA’s findings state further: “his recommendations lacked a reasonable basis because he failed to adequately investigate red flags that the fund was not a viable investment. The findings also stated that shortly after Horowitz’s association with his member firm, he began sending emails to firm personnel requesting a quick approval process for the preferred notes. Horowitz told the firm that it was urgent that there be a “quick approval process” so that he could begin selling the preferred notes because there may only be a short period in which they could be sold… Horowitz’s current firm advised him that it was awaiting an independent third-party due diligence report before approving the preferred notes for sale by the firm. Horowitz then requested that he nonetheless be permitted to sell the preferred notes to his existing customers, notwithstanding that the firm had not received the third-party report. The following day, the firm agreed to allow Horowitz to offer the preferred notes for sale to existing investors in the fund.” He was issued a one-year suspension and a fine of $100,000.
In 2016 a customer alleged Stuart Horowitz, while employed at NFP Advisor Services, made unsuitable recommendations. The customer is seeking $359,215 in damages in the pending complaint.
In 2015 a customer alleged he, while employed at NFP Advisor Services, misrepresented material facts and recommended unsuitable investments. The customer is seeking $1,000,000 in damages in the pending complaint.
If you or someone you know has lost money investing with Stuart Horowitz, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: 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.