According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Stephen Kaufman allegedly exercised discretion without written authorization in the accounts of 12 customers. This is in violation of FINRA rules. For these, Kaufman was fined $5,000 and suspended from associating in any and all capacities with any FINRA member firm for 20 business days. Kaufman was registered with Everen Securities in St. Louis, Missouri from September 1993 until March 1994, UBS in Weehawken, New Jersey from February 1994 until February 2005, Raymond James Financial Services in Freehold, New Jersey from February 2005 until January 2011 and LPL Financial in Freehold, New Jersey from January 2011 until August 2016. He is currently registered with Vanderbilt Securities in Woodbury, New York and has been since August 2016. He has two customer disputes against him. Please call us today at 312-332-4200 to find out how to sue LPL Financial if you suffered losses with Mr. Kaufman. We can help you recover your losses on a contingency fee basis.
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