Stoltmann Law Offices would like to hear from investors who invested money with Richard Stoyeck and Titus Rockefeller. Both recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) for violations against the securities industry. Stoyeck entered into a previous AWC with FINRA in November 1992 for placing purchase and sell orders that contained excessive sales credits. For this, he was suspended for five days and fined $5,000. He was also ordered to pay restitution to customers in the amount of $17,025.
Stoyeck is the Managing Director of Titus Rockefeller. Allegedly, from December 2012 until May 2015, he and the company knew that certain registered representatives were using personal email addresses to conduct firm business. Both failed to establish and maintain and enforce an adequate supervisory system to ensure that business-related emails to and from the addresses were subject to retention and supervision and failed to preserve all business-related email communications. For this, Titus was censured and fined $15,000. Stoyeck was suspended for 15 days in a principal capacity and fined $5,000.
Stoyeck was registered with Merrill Lynch, Lehman Brothers, Bear, Stearns, D.H. Blair & Co., Prudential Bache Securities, Beuret & Co., Philips, Appel & Walden, Sable Capital Markets, Whale Securities, Rockefeller Securities, State Street Securities, and Newport Coast Securities. He is currently the Managing Director at Titus Rockefeller in Dix Hills, New York and has been registered with the firm since July 1999. He has three customer disputes against him.
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