April 13, 2017 Comments (0) Current Investigations, Securities Fraud

CFP Board Revokes Certification of Advisor Stuart Horowitz

Stuart Horowitz
(Last Updated On: April 13, 2017)

Disciplinary Actions against Stuart Horowitz just announced

Have you suffered financial losses as a result of investments made with Stuart Horowitz? If so, The White Law Group may be able to help you recover your investment losses through an arbitration claim with the Financial Industry Regulatory Authority (FINRA).

 Certified Financial Planner Board of Standards, Inc. (CFP Board) announced last week public disciplinary actions against Stuart Horowitz of Coral Springs, FL: In November 2016, CFP Board issued an order permanently revoking Horowitz’s right to use the CFP® certification marks. This discipline followed Horowitz’s failure to file an answer to CFP Board’s Complaint within the required time frame.

CFP Board’s Complaint alleged, among other things, that Mr. Horowitz entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority, Inc. (FINRA) in which he consented to a one-year suspension from association with any FINRA member in any capacity and a $10,000 fine.

FINRA alleged that Horowitz recommended and conducted unsuitable trades involving preferred notes. Allegedly, Horowitz failed to investigate red flags related to the notes. In addition, he is accused of continuing to recommend that clients convert their interests into the funds preferred note, even after he allegedly learned about problems with the fund, which earned him $200,000 in commissions.

CFP Board’s Complaint also alleged that Horowitz sent a misleading email to clients in which he recommended the clients convert to preferred notes at a time when he should have known the preferred notes were not a viable investment because of numerous red flags about the issuer.  The Complaint further alleged that Mr. Horowitz failed to provide adequate responses to requests by CFP Board staff.  Horowitz’s revocation was effective as of December 7, 2016.

Thirty-eight Customer Complaints

According to Stuart Horowitz’s BrokerCheck Report he has been a registered representative with NFP Securities. He was registered with Securities America in Coral Springs, FL from 02/19/2009 – 01/25/2016. He has forty (40) disclosures listed on his FINRA Broker Report, including thirty-eight (38) customer complaints. Allegations include misrepresentation, unsuitability, fraud, breach of fiduciary duty, and failure to supervise, among others.

If you suffered losses investing with Stuart Horowitz and would like to speak with a securities attorney, call The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices located in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.