According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Eli Lazarowitz, while associated with Goldman Sachs, broke FINRA and securities rules. He allegedly failed to disclose the existence of an outside brokerage account he held at another FINRA-regulated broker-dealer. He also allegedly failed to notify the FINRA member where the outside brokerage account was held that he had become associated with the firm. He also attested to Goldman Sachs that he did not have any outside brokerage accounts requiring disclosure, which was not true. For this misconduct, he was fined $5,000 and suspended from the industry for 45 days.
According to his online, FINRA BrokerCheck report which is public record, Mr. Lazarowitz was previously registered with Waterhouse Securities in Omaha, Nebraska from September 1998 until January 1999, Citicorp Investment Services in Long Island City, New York from March 1999 until April 2000, Goldman Sachs Execution & Clearing in New York, New York from April 2000 until January 2012, BNP Paribas Securities Corp in New York from May 2017 until October 2017 and BNP in New York from May 2017 until October 2017. He is not currently registered as a broker.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.