National investment loss lawyers KlaymanToskes is investigating broker Andrew Pesner (CRD# 1971579) of Joseph Stone Capital and VCS Venture Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $295,531 in damages due to unsuitable investment recommendations, negligence, and lost opportunity.
Investors that suffered losses with Andrew Pesner may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Andrew Scott Pesner is currently registered as a broker with VCS Venture Securities in Hauppauge, NY. Pesner was also previously registered with Joseph Stone Capital in Hauppauge, NY.
Andrew Pesner has a pending customer complaint disclosed which alleges $295,531 in investor damages. The investor alleges suitability, negligence, and lost opportunity related to OTC (Over the Counter) equity investments.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Under Reg BI, investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
Investors who suffered losses with Andrew Pesner are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com