Published On: February 5, 2016

According to a Letter of Acceptance, Waiver and Consent (AWC) by the Financial Industry Regulatory Authority (FINRA), Stephen J. Sullivan, a former registered representative with First Midwest Securities, allegedly exercised discretion in the accounts of two customers between January 2011 and July 2012. This is against securities rules and regulations and he was fined $5,000 and suspended for 10 business days. According to his online FINRA BrokerCheck report, Sullivan was registered with Ladenburg Capital Management, Ladenburg, Thalmann & Co., Granite Associates, Whitaker Securities, Newbridge Securities, JP Turner & Co., First Midwest Securities in Garden City, New York from March 2010 until August 2012, Brookville Capital Partners, Wilmington Capital Securities and Tryco Securities. He is currently registered with Legend Securities in Miller Place, New York and has been since March 2015. He has one customer dispute against him. If you would like to find out your options of suing Sullivan’s former firm, First Midwest Securities in the FINRA arbitration process on a contingency fee basis, please call our securities law firm based in Chicago to speak to an attorney for free.

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