Steven Pagartanis Allegedly Made Fraudulent Misrepresentation to Customers & Misap-propriated Customers’ Funds

Steven Pagartanis allegedly made fraudulent misrepresentation to customers and investor rights lawyer Alan Rosca is launching an investigation into the case.

Attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm in the Philadelphia area, is investigating activity related to Steven Pagartanis’s fraudulent misrepresentation to customers and misappropriated customers’ funds. Investors who believe they may have lost money in activity related to Steven Pagartanis’s fraudulent misrepresentation to customers and misappropriated customers’ funds are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Pagartanis also allegedly has four pending customer complaints with all of them requesting amounts over $75,000, FINRA states.

Steven Pagartanis Barred by FINRA after Allegedly Refusing to Appear for Additional FINRA On-the-record Testimony

FINRA, based on the aforementioned alleged behavior, opened an investigation into Pagartanis’s alleged behavior, and Pagartanis subsequently refused to appear for additional FINRA on-the-record testimony, according to a FINRA Letter of Acceptance, Waiver, and Consent (AWC) under review by attorney Alan Rosca.

Steven Pagartanis, therefore, allegedly violated FINRA Rules, and therefore FINRA barred Ison from the securities industry, FINRA notes.

Pagartanis entered the securities industry in 1989, and, from 1989 through March 2017, he was registered with FINRA as an Investment Company and Variable Contracts Products Representative at 11 different FINRA member firms, the AWC states.

On September 7, 2017, Pagartanis reportedly became registered as an IR through Lombard Secu-rities Incorporated, and on March 17, 2018, Lombard reportedly filed a Uniform Termination Notice for Securities Industry Registration (Form U5″) terminating Pagartanis‘s registration, the AWC notes.
According to the aforementioned Form U5, Pagartanis allegedly failed to respond to the firm’s inquiries made in an internal investigation regarding unapproved investments allegedly made out-side of the firm by a customer, the AWC notes. Although Pagartanis is not currently registered with FINRA or associated with a FINRA member firm, FINRA retains jurisdiction over him, the AWC states.
One should also note that, according to the AWC, Steven Pagartanis neither admitted nor denied the FINRA findings.

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 Steven Pagartanis’s fraudulent misrepresentation to customers and misappropriated customers’ funds. 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, 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 Steven Pagartanis’s fraudulent misrepresen-tation to customers and misappropriated customers’ funds may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.