Ross Barish, Joseph Stone Capital, Mineola, NY

SEC Reportedly Charges Ross Barish with Defrauding 16 Customers

According to a litigation release on August 13, 2020,  the Securities and Exchange Commission announced charges against financial advisor Ross Barish for allegedly defrauding sixteen retail customers.

The SEC’s complaint alleges that Ross Adam Barish, a registered representative with Joseph Stone Capital in Mineola, NY engaged in a high-cost, in-and-out trading strategy in customer accounts without conducting reasonable due diligence to determine whether the trading strategy could deliver even a minimal profit for his customers.

According to the complaint, Barish also purportedly engaged in widespread unauthorized trading in customer accounts. As alleged in the complaint, Barish’s strategy resulted in over $800,000 in losses to customers, while reportedly netting Barish over $400,000 in commissions.

Barish’s FINRA broker report indicates that he has four customer complaints filed against him since 2008. Allegations include unsuitable investments, churning and unauthorized trades, among others. Barish has reportedly been affiliated with Joseph Stone Capital in Mineola, NY since 2013.

Filing a Complaint against your Brokerage Firm

When brokers abuse client accounts or conduct transactions that violate securities laws, such as unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about investments with Ross Barish, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

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 Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.