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Bruce Stark: Aegis Denies $71K Margin Complaint Against Advisor

A recent, denied investor complaint against Melville, New York financial advisor Bruce Stark (CRD# 2912344) alleged that he recommended the unsuitable use of margin. Financial Industry Regulatory Authority records show that he is registered as a broker advisor with Aegis Capital.

Mr. Stark’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in February 2024, alleged that as a representative of Aegis Capital, he provided poor advice and recommended unsuitable margin use. The complaint alleged damages of $71,552.32 and was denied by the firm.

In a statement included with the complaint’s disclosure, Mr. Stark wrote that the allegations were “false” and meritless, adding that the customer’s account “was always handled in a professional manor.”

An earlier investor complaint, filed in 2015, alleged that as a representative of Obsidian Financial Group, he churned investments in the customer’s account, made excessive trades, recommended unsuitable equity products, and effected unauthorized trades. In 2017 the complaint reached a settlement of $25,000.

According to the Financial Industry Regulatory Authority, Bruce Stark holds 26 years of securities industry experience. Based in Melville, New York, he has been registered as a broker with Aegis Capital since 2012. His past registrations include Obsidian Financial Group (Woodbury, New York; 2008-2012), EKN Financial Services (Woodbury, New York; 2001-2008), Ehrenkrantz King Nussbaum (New York, New York; 2001), Weatherly Securities Corporation (New York, New York; 1999-2001), Tasin & Company (Hauppage, New York; 1997-1999), and IAR Securities Corporation (New York, New York; 1997). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE: and the Uniform Securities Agent State Law Examination, or Series 63. He holds 27 state licenses. (Information current as of June 9, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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