Former Broker Christopher Paul is Banned from Selling Securities

The broker had been involved in several customer disputes

Christopher Paul’s 14-year career as a broker is over. In November of 2016, the Financial Industry Regulatory Authority (FINRA) permanently banned him because he did not respond when the agency contacted him for information. Paul has had many customer complaints against him dating back to 2008.

Paul began his career at S.W. Bach & Company out of Port Washington, NY, in 2001. In 2005, he moved on to Granite Associates, Inc. in Melville, NY, followed by Whitaker Securities LLC, also in Melville.

It was in 2006 when a number of financial industry regulation issues began. In April of that year, Paul started working for VC Arjent LTD in New York, NY. He was only there until October because FINRA expelled the firm for failing to pay fines related to a Securities and Exchange Commission complaint.

Paul was able to stay on with Arjent Services LLC, but was fired in 2008 for charges related to churning and failing to follow company policy. Rockwell Securities LLC in NYC was Paul’s next employer, but due to several firm-level complaints, he was allowed to resign in July of 2012.

For the next two years, Paul worked for Aegis Capital Corp., and again he was permitted to quit, this time because of many customer complaints. Paul’s final firm was Joseph Stone Capital LLC out of Mineola, NY.

In about a seven-year span, Paul had six customer complaints against him, and the allegation that showed up most frequently was churning. Also known as excessive trading, churning is when a broker makes trades with the express purpose of creating more commissions for himself.

FINRA’s BrokerCheck report further details the allegations against Paul as well as the damages sought by his former clients.

If Paul handled your investments or you suspect your broker of fraudulent actions such as churning, contact the Silver Law Group. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group, and our attorneys have helped many people recover lost money through securities arbitration and other legal means. We may be able to do the same for you.

For a free consultation, call us at 1-800-975-4345 or fill out our online form.