Steven Pagartanis –Cadaret, Grant & Co.
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred New York Financial Advisor Steven Pagartanis from the securities industry for allegedly failing to appear for on-the-record testimony on April 10, 2018.
The request to provide testimony was sent in connection with FINRA’ s investigation of allegations that Pagartanis made fraudulent misrepresentation to customers and misappropriated customers’ funds.
Pagartanis reportedly did not appear for testimony on April 10, 2018. By allegedly refusing to appear as requested, Pagartanis is barred from association with any FINRA member in any capacity, according to FINRA.
According to his FINRA BrokerCheck report, Pagartanis was registered with Lombard Securities in Setauket, NY from September 2017 until March 2018 when he was discharged because he “failed to respond to customer complaint questions and requests for information. The firm requested specific information on unapproved investments allegedly made outside of the firm by a customer and why the broker failed to notify the firm regarding such outside investments.”
Prior to that, Pagartanis worked for Cadaret, Grant & Co. in Setauket, NY from September 2012 until he was reportedly fired in March 2017. In regards to the dismissal, his broker report states “After the firm received the arbitration, which contained an allegation of selling a private security unauthorized by the firm, a surprise examination of Pagartanis’ branch was planned. However, Pagartanis resigned the day before the examination was to be conducted. The examiners traveled to Pagartanis’ branch despite his resignation, but were not provided with the information and documents requested. The Statement of Claim alleges fraud, conversion and selling away among other allegations.”
Steven Pagartanis has three customer disputes listed on his broker report since 2013.
For FINRA’s full findings see FINRA case # 6628556.
Investigating Potential Claims
The White Law Group is investigating potential claims involving Steven Pagartanis and his former employers. Brokerage firms have an obligation to properly supervise their financial advisors. Firms that fail to do so can be held responsible for resulting losses in a FINRA arbitration claim.
If you have questions or concerns about investments you made with Steven Pagartanis, the securities attorneys at The White Law Group may be able to help you. To speak with a securities attorney, please call 888-637-5510 for a free consultation.
This information, which is publicly available on the Financial Industry Regulatory Authority’s website, has been provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, and its representation of investors, please visit our website at https://www.whitesecuritieslaw.com.