MINEOLA, NY
Have you lost money with financial advisor David Martirosian of Mineola, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against David Martirosian. FINRA barred Martirosian after he failed to respond to an investigation. Martirosian was being investigated for allegations that he engaged in unsuitable and excessive trading (or churning) while he was with Joseph Stone Capital.
David Martirosian was a financial advisor and registered representative of Joseph Stone Capital from July 2016 to April 2021. He worked at a branch office in Mineola, New York. Martirosian has also been the subject of three customer complaints and four tax liens.
Brokerage firms like Joseph Stone Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; Phoenix, Arizona; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Joseph Stone Capital.