Articles Tagged with Morgan Wilshire Securities

Stoltmann Law Offices is investigating former New York-based Morgan Stanley broker Vladimir Eydelman. Mr. Eydelman is the subject of four customer complaints, one regulatory sanction, one pending civil action and one pending criminal charge, according to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report. In 2014, criminal charges were filed against him in the US District Court for the District of New Jersey, including one felony count of conspiracy to commit securities fraud, and nine counts of insider trading securities fraud. In 2014, the Securities and Exchange Commission (SEC) filed a complaint against him alleging that the engaged in insider trading around more than a dozen mergers or other corporate transactions for illicit profits of $5.6 million during a four-year period. It is still pending. Other complaints include aggressively trading in unsuitable investments, over-concentrating accounts in risky and speculative investments and executed excessive trades, among others. In 2014, Eydelman was discharged from Morgan Stanley after the SEC filed a complaint against him alleging insider trading.

He was registered with E.C. Capital in Mineola, New York from April 1996 until November 1996, Walsh Manning Securities from November 1996 until August 1998, Morgan Wilshire Securities in Garden City, New York from August 1998 until June 2000, Vanguard Capital in Del Mar, California from June 2006 until March 2001, CIBC World Markets Corp in New York, New York from March 2001 until January 2003, Oppenheimer & Co. in New York from January 2003 until September 2012 and Morgan Stanley in New York from September 2012 until April 2014. He is not currently registered with any member firm. He has four customer disputes against him and one criminal charge, which is pending.

Stoltmann Law Offices is investigating Niaz Elmazi, a former broker-dealer with HFP Capital in Arkansas. Elmazi was recently sued by the Arkansas Securities Commissioner for allegedly contacting an Arkansas resident on a cold call recommending the purchase of certain corporate bonds issued by Verso Paper Corp. Elmazi pitched the bonds as a short-term investment and represented that a takeover of the company by its competitor was imminent. He suggested that it would allow Verso bondholders to make a 70% profit on the investment in the next six weeks. Verso bonds were rated as highly speculative. Broker-dealers such as Niaz Elmazi are required to perform due diligence on any investment they recommend and must ensure that all recommendations are suitable for the investor. If they fail to do so, they may be liable for investment losses. Please call us at 312-332-4200 to speak to an attorney to find out how to sue Niaz Elmazi.

Elmazi was registered with Morgan Wilshire Securities, U.S. Securities & Futures, First Republic Group, Raymond James, Murjen Financial, First Montauk Securities, Dawson James Securities, HFP Capital Markets and Global Arena Capital Corp. He has one customer dispute against him. He is not currently registered with any member firm and not licensed within the industry.

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