South Florida Arbitration & Litigation Lawyer Blog
Stock Broker Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq.
December, 2010:
Bernard Robert Markowitz (CRD #2414854, Registered Principal, Palm Harbor, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Markowitz consented to the described sanction and to the entry of findings that he effected transactions in a customer’s account without the customer’s prior knowledge, authorization or consent. The findings stated that the customer verbally complained to Markowitz about the amount of commissions charged in her account, and Markowitz subsequently attempted to settle the verbal complaint by providing the customer with a $1,500 check to compensate her for the commissions that had been charged in her account. The findings also stated that Markowitz did not notify his firm of the customer’s verbal complaint or that he had given her a $1,500 check in an attempt to settle the customer’s verbal complaint. (FINRA Case #2009021131201).