Hingham, Massachusetts Broker Stephen Eubanks Arrested on Fraud Charges

Stoltmann Law Offices continues to investigate Stephen Eubanks, a former broker at Bright Trading LLC in Massachusetts. Eubanks was arrested yesterday on charges of wire fraud. Earlier this month, the Massachusetts Securities Division alleged that Eubanks ran a ponzi scheme in which he took money from investors, many of them neighbors and friends. The state alleged that Eubanks ran a purported hedge fund, Eubiquity Capital LLC, of which Eubanks was the alleged hedge fund manager. In reality, Eubanks spent most of the investor money on vacations, boat payments, restaurants, and payment of a federal tax lien. If you fell victim to Stephen Eubanks, you may be able to recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Please call our law offices based in Chicago, Illinois today at 312-332-4200 to speak to one of our attorneys about your options. The call is free with no obligation.

According to his online FINRA BrokerCheck report, Eubanks was registered with IDS Life Insurance Company in Minneapolis, Minnesota from October 1992 until May 1994, American Express Financial Advisors in Minneapolis from October 1992 until May 1994, Smith Barney in New York, New York from June 1994 until September 1997, UBS in Weehawken, New Jersey from September 1997 until May 2004, Bear, Stearns in New York from April 2004 until April 2005, Oppenheimer & Co. in Boston, Massachusetts from April 2005 until May 2006 and Bright Trading in Las Vegas, Nevada from March 2010 until August 2016. He has three customer disputes against him. He is no longer licensed within the industry.

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