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Todd Mezrah: FINRA Suspends Lion Street Advisor
Tampa financial advisor Todd Mezrah (CRD# 2313891) allegedly violated industry rules, according to a recent enforcement action against him. Financial Industry Regulatory Authority records show that he is a broker with Lion Street Financial and an investment advisor with Lion Street Advisors, having previously been registered with M Holdings Securities.
Mr. Mezrah’s BrokerCheck report discloses the recent FINRA sanction against him. Filed in October 2023, it alleged that as a representative of M Holdings Securities, he sent emails to retail customers that violated FINRA Rule 2210. According to FINRA, the emails included promissory, unwarranted, and misleading statements or claims; were not fair or balanced; and contained “prohibited projections of performance.” FINRA’s findings state further that the emails in question discussed an investment opportunity involving “a multi-family real estate property through a private offering of interests in the company that planned to acquire and develop the property.” He allegedly did not mention any risks associated with private placement investments generally or the specific investment in question. “The emails, in fact, do not discuss any investments risk,” FINRA concluded. In connection with these findings, Mr. Mezrah was issued a fine of $10,000 and suspended from associating with any FINRA member firm in any capacity for 20 business days. The suspension is scheduled to begin on November 20, 2023 and end on December 18, 2023.
A second disclosure on Mr. Mezrah’s BrokerCheck report describes his termination from M Holdings Securities. Filed in April 2020, it states that the firm fired him in connection with allegations he did not follow the firm’s rules regarding outside business activities and private securities investments. In a statement included with the complaint’s disclosure, he pushed back against the allegations. “I disclosed to the firm my outside business activities on written notices to the firm; the firm approved my activities; and my activities were consistent with my disclosures to the firm and firm’s approval,” he wrote, continuing: “My outside business activities did not include private securities investments.”
According to the Financial Industry Regulatory Authority, Todd Mezrah holds 30 years of securities industry experience. Based in Tampa, Florida, he has been a broker with Lion Street Financial and an investment advisor with Lion Street Advisors since 2020. His past registrations include M Holdings Securities (Tampa, Florida; 2001-2020) and Mutual Service Corporation (Boston, Massachusetts; 1993-2001). His credentials include the passage of three securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Louisiana, Maryland, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, South Dakota, Texas, Utah, Virginia, and West Virginia. (Information current as of October 22, 2023.)
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