Andrew Mandell, Formerly Licensed with Olympus Securities, LLC and Network 1 Financial Securities, Inc., Allegedly Violates Sections of the Securities Act
Andrew Mandell allegedly violated sections of the Securities Act, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Andrew Mandell’s alleged violations of the Securities Act. Investors who believe they may have lost money in activity related to Andrew Mandell’s alleged violations of the Securities Act are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Andrew Mandell was a licensed financial advisor with Olympus Securities, LLC in New York, NY, and then with Network 1 Financial Securities, Inc. in Oakland, CA, FINRA states. in sum, he has 23 years in the securities industry with 17 different firms, FINRA notes.
Going back to 1994, Mandell allegedly entered into a consent agreement with the State of Hawaii Commissioner of Securities for failure to register as a securities salesperson and for securities fraud, according to Reports from Hawaii.
Brokers such as Andrew Mandell, who have worked with 17 different firms in 23 years, potentially engage in a practice known as cockroaching, wherein they repeatedly hop from one firm to another, often in an attempt to avoid detection of potential or alleged misconduct or ahead of a FINRA investigation.
Susan Axelrod, FINRA’s Executive Vice President, Regulatory Operations, has made the following statement:
FINRA carefully monitors broker migration particularly with respect to brokers that move in groups from an expelled or high-risk firm to other securities firms, based on a variety of risk factors. FINRA will continue to leverage this data to expedite sales practice examinations and enforcement investigations to rid the industry of individuals who prey on vulnerable investors.
Andrew Mandell Allegedly Refused to appear for FINRA on-the-record testimony; Mandell Barred from the Securities & Investment Banking Industry on August 20, 2018
Andrew Mandell allegedly refused to appear for FINRA on-the-record testimony in connection with potential violations of he Securities Act, according to FINRA Reports under review by attorney Alan Rosca.
Andrew Mandell was subsequently barred from the securities and investment banking industry on August 20, 2018, FINRA notes.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Andrew Mandell’s alleged violations of the Securities Act. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Andrew Mandell’s alleged violations of the Securities Act may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.