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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.)

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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