Last Updated: November 2023 (Hauppauge, NY)
Andrew Pesner Investigation Summary
Here’s what you need to know about Hauppauge, NY, stockbroker Andrew Pesner:
- Name: Mr. Andrew Scott Pesner
- Current Employer: VCS Venture Securities
- Previous Firms: Joseph Stone Capital, First Midwest Securities, American Capital Partners
- Function: Stock Broker/ Financial Advisor
- Aliases: Andrew Pesner
- Primary Location: Hauppauge, NY
- CRD 1971579
- Can Andrew Pesner be sued in FINRA arbitration: Yes
- Sanctioned by State Securities Regulator: Yes
- Highest Settlement or Award:$125,000
- Has Pending Customer Complaint Seeking Damages of $295,531
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Andrew Pesner As Your Stockbroker?
Andrew Pesner was suspended for 90 days and ordered by Indiana State Securities Regulators to pay restitution and penalties in 1996 to resolve allegations that he sold unsuitable securities that were not registered in Indiana.
Andrew Pesner reports 4 settled customer complaints on his FINRA record and one currently pending customer dispute.
In the pending customer dispute it’s alleged that Andrew Pesner made unsuitable recommendations and was negligent. The customer, who had accounts at Joseph Stone Capital and then VCS Venture Securitites is seeking damages of $295,531.
Allegations of Broker Misconduct Against Andrew Pesner
Customers of Andrew Pesner & the firms he worked for, have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Negligence
- Common Law Fraud
- Omission of Facts
- Dishonest and otherwise Unlawful Conduct
- Unauthorized Trading
- Breach of Fiduciary Duty
- Failure to Supervise
- Churning (Excessive Trading)
What is Excessive Trading (Churning)?
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
See this for our investigations of other VCS Venture Securities brokers
If you have suffered investment losses in an account handled by Andew Pesner, 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.
