Last Updated: November 2025 — Red Bank, NJ
Here’s what you need to know about Red Bank, NJ stockbroker Mickey Schreiber:
- Name: M. B. Schreiber
- Alias: Mickey Schreiber
- Current Employer: Not currently registered with a FINRA-member firm
- Prior Firms: Aegis Capital Corp. (2016–2022); National Securities Corporation (2012–2016); Newbridge Securities Corporation (2007–2012); Summit Brokerage Services, Inc. (01–10/2007); First Montauk Securities Corp. (2002–2007); The Concord Equity Group, LLC (1997–2002); Mid-State Securities Corp. (1982–1997) — predominantly based in Red Bank, NJ/Iselin, NJ.
- CRD number: 1032600
- Stockbroker / Financial Advisor: Former FINRA-registered broker; not currently registered.
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: $80,000
- Current Customer Dispute Seeks Total Damages of: Amount not specified
If you’ve sustained damages from Mr. Schreiber, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With M. B. Schreiber as Your Stockbroker?
- Pending FINRA Arbitration – Jacksonville, FL – March 2022; Case No. 22-00597): Claimant, a customer of Aegis alleges unsuitability and breach of contract in listed equities; damages not specified (noted only as > $5,000).
- FINRA Arbitration – Filed February 2020; Case No. 20-00477 (Jacksonville, FL): Alleged unsuitability, unauthorized trading, churning, misrepresentation, negligence, breach of contract, breach of fiduciary duty, and omissions. Settled for $40,000
- NASD Arbitration – Docket No. 00-04412 (2000–2002): Alleged unsuitability & misrepresentation in fixed income while at The Concord Equity Group/Mid-State Securities. Monetary compensation: $80,000 (settled May–June 2002).
- Regulatory Action – FINRA AWC (Docket No. 2020065693301; Oct. 31, 2022): Without admitting or denying findings, Schreiber accepted a three-month suspension (11/21/2022–02/20/2023) and $5,000 fine for: (i) exercising discretion without written authorization (ii) causing inaccurate books and records by mis-marking 181 solicited orders as unsolicited; (iii) using personal email for firm business); and (iv) making false compliance attestations.
- Regulatory Action – NASD AWC (Docket No. 2007010982301; Mar. 10, 2010): Borrowed money from a customer in violation of firm procedures; 60-day suspension (4/5/2010–6/3/2010) and $10,000 fine FINRA Rule 3240 – Borrowing From Customers, and Rule 2010).
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against M. B. Schreiber
- Unsuitability
- Breach of Fiduciary Duty / Best-Interest Obligations
- Fraud / Misrepresentation or Omission of Material Facts
- Unauthorized Trading / Use of Discretion — executing trades without prior written customer authorization and firm approval may violate FINRA Rule 3260 (Discretionary Accounts).
- Books and Records / Electronic Communications —using personal email for firm business can cause violations of FINRA Rule 4511 and SEC recordkeeping rules.
- Aegis Capital Corp. (11/18/2022):Firm permitted Schreiber to resign following the FINRA settlement described above.
- Summit Brokerage Services (10/15/2007):Discharged regarding handling of client statements and beneficiary designation on a variable annuity without required firm approvals.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Aegis Capital and Aegis Capital Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by M. B. Schreiber, 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.