Articles Tagged with Cowen Co

Stoltmann Law Offices is investigating Joseph Michael Araiz, former Chief Executive Officer of formerly named Ecapitalist Financial Services, now named Further Lane Securities. In February 2008, Araiz became Further Lane’s Chief Compliance Officer in addition to being its CEO. Araiz received a Wells Notice on March 17, 2014, stating that it was recommending enforcement action against Araiz for failing to disclose material facts to underwriters of certain corporate bonds in connection with an investment adviser’s purchase of those bonds in secondary offerings between 2009 and 2012. Araiz allegedly violated securities laws which included acting as an adviser to an investment fund and causing the fund to acquire a promissory note from an entity owned by Araiz without disclosing to investors that the fund might acquire related-party promissory notes or that it might otherwise materially deviate from its fund-of-funds investment strategy. It also alleged that he caused the fund to invest in a second promissory note with an unaffiliated entity without written disclosure to the investors. He was suspended for this from November 11 2013, through November 10, 2014. He was terminated from the firm by the Securities and Exchange Commission (SEC) on November 14, 2013.

Araiz was registered with Cowen & Co., Gruntal & Co., MJ Whitman & Co., Ladenburg, Thalmann & Co., Imperial Capital LLC, The Concord Equity Group and Further Lane Securities in New York, New York from March 2002 until November 2013. He has one customer dispute against him and two regulatory matters, one of which is currently pending. He is not licensed within the industry, according to his online Financial Industry Regulatory Authority (FINRA) public BrokerCheck report. If you feel like you may have a claim against Mr. Araiz, please call our securities law firm today to speak to an attorney for free. We may be able to help you recover your investment losses. 312-332-4200.

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