Stanley Kaplan: $225K Complaint Against SW Financial Advisor

Melville financial advisor Stanley Kaplan (CRD# 865744) allegedly charged excessive commissions and acted negligently, according to a recent investor complaint. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker with SW Financial, having previously been registered with Joseph Gunnar & Company.

Mr. Kaplan’s BrokerCheck report discloses one investor complaint. Filed in December 2022, the complaint alleges that as a representative of SW Financial, he recommended an unsuitable private placement investment, charged excessive commissions, engaged in negligence, and breached his fiduciary duty. The pending complaint alleges damages of at least $225,000.

According to the Financial Industry Regulatory Authority, Stanley Kaplan holds 42 years of securities industry experience. Based in Melville, New York, he has been a broker with SW Financial since 2019. His registration history includes Joseph Gunnar & Company (Uniondale, New York; 2019), WestPark Capital (Fort Lauderdale, Florida; 2016-2018), Newport Coast Securities Fort Lauderdale, Florida; 2015-2016), Sterne Agee Financial Services Fort Lauderdale, Florida; 2012-2015), Newbridge Securities Corporation (Boca Raton, Florida; 2009-2012), Westminster Financial Securities (West Palm Beach, Florida; 2001-2009), Moors & Cabot (Boston, Massachusetts; 1994-2001), Smith Barney Shearson (New York, New York; 1993-1994), Lehman Brothers (New York, New York; 1992-1993), Tucker Anthony (Boston, Massachusetts; 1986-1992), and IDS Marketing Corporation (1979-1986). His credentials include the passage of four securities industry qualifying exams: the Registered Representative Examination, or Series 1; 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 is licensed in Florida, Massachusetts, New Jersey, Ohio, and Washington. (Information current as of March 1, 2023.)

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