Last Updated: July 2025 (New York, NY)
Ibrahim Kurtulus Investigation Summary
Here’s what you need to know about New York, NY stockbroker Ibrahim Ethem Kurtulus:
- Name: Ibrahim Ethem Kurtulus
- CRD Number: 2287372
- Current Employer: Joseph Stone Capital L.L.C.
- Prior Employers: Windsor Street Capital, LP; J.W. Barclay & Co., Inc.; A.S. Goldmen & Co., Inc.
- Function: Stockbroker / Financial Advisor
- Alias: Ibrahim Kurtulus
- Primary Location: New York, NY
- Can Ibrahim Kurtulus be sued in FINRA arbitration? Yes
- Sanctioned by FINRA or other securities regulators? Yes
- Outstanding Tax Lien: Yes
- Employment Separation after Allegations: Yes
- Highest Award or Settlement: $125,000
If you’ve sustained damages from Mr. Kurtulus, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ibrahim Kurtulus As Your Stockbroker?
Ibrahim Ethem Kurtulus has been named in multiple regulatory actions and customer disputes.
Regulatory Sanctions:
- In 2005, the State of Illinois sought revocation of his registration for violations under the Illinois Securities Law. The resolution required him to withdraw his salesperson registration and not reapply for two years.
- In 2004, the NASD (now FINRA) found that Kurtulus violated FINRA Rule 2110, which requires brokers to observe high standards of commercial honor, by opening brokerage accounts and effecting transactions without customer knowledge or consent. Kurtulus agreed to a 10-business-day suspension and a $7,500 fine. (Case No. C10040030)
Customer Disputes:
- A 2023 customer dispute alleged unsuitable trading, overconcentration, and improper use of margin in an equity-OTC account. The claim was settled for $125,000 in January 2025 (FINRA Case #2302463).
- A 2017 dispute while with Windsor Street Capital alleged unsuitable investment advice in NASDAQ stocks. The claim settled for $14,999 in 2018 (FINRA Case #17-02784).
- A 2015 complaint alleged unsuitable investment recommendations in OTC equities while with Meyers Associates LP. That claim settled for $45,000 in 2016 (FINRA Case #15-00051).
Employment Termination:
- Kurtulus was permitted to resign from A.S. Goldmen & Co., Inc. in 1993 following allegations of theft of account statements of other brokers with the intent of selling them.
Judgment/Lien:
- Kurtulus discloses a tax lien in the amount of $90,745 filed by the Internal Revenue Service in 2021 in Richmond County, NY.
Allegations of Broker Misconduct Against Ibrahim Ethem Kurtulus
Ibrahim Kurtulus has faced multiple allegations including:
- Opening unauthorized accounts
- Unauthorized trading
- Unsuitable trading
- Overconcentration
- Improper use of margin
Other Cases Involving Unauthorized Trading
What is Excessive Trading (Churning)?
Investigations involving Over-Concentration
Recover Your Investment Losses Now With Rex Securities Law
See this for information on our other investigations of Joseph Stone Capital brokers
If you have suffered investment losses in an account handled by Ibrahim Ethem Kurtulus, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.