Last Updated: September 2023 (Patchogue, NY)
Chris Polinaire Investigation Summary
Here’s what you need to know about Patchogue, NY, stockbroker Chris Polinaire:
- Name: Mr. Christopher Alexander Polinaire
- Current Employer: Suspended by FINRA
- Previous Firms: Network 1 Financial Securities, Arive Capital Markets, First Standard Financial Co., Rockwell Global Capital, Salomon Whitney, CBG Financial Group, First Midwest Securities, Cape Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Chris Polinaire
- Primary Location: Patchogue, NY
- CRD 4330879
- Can Chris Polinaire be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Discloses outstanding liens: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Chris Polinaire As Your Stockbroker?
In 11/2022 FINRA found that Chris Polinaire, while employed by Arive Capital Markets, engaged in excessive trading (Churning) and unsuitable trading in customer accounts. Polinaire’s trading resulted in annual turnover rates ranging from 10.01-45.23 and cost to equity ratios ranging from 35.65% to 152.56% resulting in commissions of $128,000 to the customers. FINRA suspended Polinaire for eight months and ordered him to pay restitution of $128,000 and a fine of $7,500.
Apparently Polinaire did not comply with the FINRA order and in 5/2023 they notified him that he was not in compliance and suspended him indefinitely.
Polinaire discloses 4 outstanding liens/judgements including one in the amount of $10,581 owed to a prior employer, Salomon Whitney, filed in NY State Court in Hauppauge, NY.
Allegations of Broker Misconduct Against Chris Polinaire by Securities Regulator
FINRA found that Chris Polinaire committed the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- 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
If you have suffered investment losses in an account handled by Chris Polinaire, contact us for a complimentary consultation with an experience 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.
