FINRA Suspended Harvey Frank 30 days and fined him $5k for improperly disclosing personal customer information

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FINRA Sanctions & Allegations of Misconduct

Steve Kaneski Investigation

FINRA suspended Harvey Frank (CRD#2109605) of Stifel, Nicolaus & Company of San Diego, California, 30 days and fined him $5k for improperly disclosing non-public personal information of multiple customers of his member firm to a third party, and retained non-public personal information of multiple other firm customers after his departure from the firm. 

Harvey Frank was sued by is former firm and order to pay $45k

Harvey Frank was sued by his former firm, Hilltop Securities, in Case #1502863. In that case, the Panel ordered Frank to pay $25k in compensatory damages, plus interest at 10% and $20k in costs.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Harvey Frank, Stifel Nicolaus or Hilltop Securities Inc., please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.