Ian Greenblatt: $150K Complaint Against Capitol Securities Advisor

A recent investor complaint against Melville, New York financial advisor Ian Greenblatt (CRD# 2276966) alleges that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Capitol Securities Management and a representative of Waterview Business Partners.

Mr. Greenblatt’s BrokerCheck report discloses several investor complaints. The most recent, filed in January 2025, alleges that as a representative of Capitol Securities Management, he made excessive and high-risk trades in the customer’s account. The pending complaint alleges damages of $150,000.

An earlier investor complaint, filed in 2017, alleged that as a Capitol Securities Management representative, he made unsuitable investment recommendations, committed elder abuse, breached his fiduciary duty, acted negligently, and breached contract. In 2018 the complaint reached a settlement of $183,000.

A third investor complaint, filed in in 1998, alleged that he recommended investments in listed equities that resulted in losses. In 1999 the complaint reached a settlement of $62,500.

A fourth disclosure on Mr. Greenblatt’s BrokerCheck report concerns a FINRA sanction against him. Filed in 2018, it alleged that he settled a customer complaint away from the firm. In response to a customer’s dissatisfaction with the performance of their brokerage account, FINRA alleged, he “wrote a personal check in the amount of $46,000 payable to customers’ son who is not a customer of Greenblatt or the firm in settlement of customers’ complaint.” He also gave the customers a cash payment of $4,000 at the meeting, according to FINRA’s allegations. In connection with these findings, he was suspended for 30 days and issued a fine of $10,000.

According to the Financial Industry Regulatory Authority, Ian Greenblatt holds 32 years of securities industry experience. Based in Melville, New York, he has been registered as a broker with Capitol Securities Management since 2012. His past registrations include Capitol Securities & Associates, Westrock Advisors, Weatherly Securities Corporation, Tasin & Company, and Robert Todd Financial. His credentials include the passage of four securities industry qualifying exams: the Investment Banking Registered Representative Examination, or Series 79TO; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 16 state licenses. (Information current as of February 8, 2025.)

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