Did you lose money investing with Louis Kreisberg (CRD# 1352881)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Louis Kreisberg. If you suffered losses investing with Louis Kreisberg, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of February 9, 2023, Louis Kreisberg’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Regulatory Event
June 3, 2021 – An AWC was issued in which Kreisberg was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Kreisberg consented to the sanction and to the entry of findings that he refused to produce documents requested by FINRA during the course of an investigation of his potential participation in private placement offerings. The findings stated that Kreisberg initially responded to FINRA, however, certain requested documents were not produced, and he ultimately refused to produce them or participate further in the investigation. (FINRA Case #2019064980201)
Current and Previous Registrations
01/22/2013 – 04/29/2020 WAVECREST SECURITIES LLC (CRD#:160135) BRENTWOOD, TN
10/22/2012 – 01/23/2020 PICKWICK CAPITAL PARTNERS, LLC (CRD#:130672) WHITE PLAINS, NY
05/14/2010 – 12/31/2011 TRUMP SECURITIES, LLC (CRD#:47107) BOCA RATON, FL
09/27/2006 – 02/13/2008 JOSEPH CAPITAL, LLC (CRD#:120414) NEW YORK, NY
08/26/1997 – 10/13/2006 UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER (CRD#:20804) NEW YORK, NY
02/15/1995 – 09/18/1997 JOHN HANCOCK DISTRIBUTORS, INC. (CRD#:468) BOSTON, MA
02/15/1995 – 05/01/1997 JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY (CRD#:5181) BOSTON, MA
06/29/1989 – 02/15/1995 GUARDIAN INVESTOR SERVICES CORPORATION (CRD#:6635) NEW YORK, NY
04/07/1994 – 02/01/1995 NATHAN & LEWIS SECURITIES, INC. (CRD#:8503) NEW YORK, NY
03/19/1985 – 07/28/1988 NATHAN & LEWIS SECURITIES, INC. (CRD#:8503)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Louis Kreisberg and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
