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Marc Kalter Discharged For Multiple Violations

Boca-Raton-Financial-Advisor-Robert-Child-Faces-Yet-Another-Customer-Dispute-300x199Marc Neil Kalter (CRD #1998911) is a former registered broker and investment advisor whose last employer was Dawson James Securities, Inc. (CRD #130645) of New York, NY.  Four of his previous employers have been expelled by FINRA:

  • Meyers Pollock Robbins, Inc. (CRD #13436)
  • Monitor Investment Group, Inc. (CRD #31007)
  • Biltmore Securities, Inc (CRD #25023)
  • Stratton Oakmont Inc. (CRD #18692) which was the firm portrayed in the Wolf of Wall Street movie.

No current employment information is available. He has been in the industry since 1990.

Kalter was discharged from his most recent employer on 7/20/2018 after soliciting business in states where he was not registered to conduct business. He used his personal email address to contact potential clients, and also violated the firm’s “Do Not Call” rules. Dawson James has offices in New York and Boca Raton, Florida.  Dawson James is known for serving as the investment banker to many biotech companies.

In 2014, Kalter was sanctioned by FINRA for attempting to settle a claim away from the firm with two other brokers after a customer complained about the losses in his account. A total of $1,500 cash was sent to the customer in an attempt to settle a dispute without the firm’s knowledge or consent. Kalter was suspended for 10 days, and signed an Acceptance, Waiver & Consent letter.

A customer complaint filed on 10/19/2012 alleged “unsuitable investment recommendations” and an unauthorized purchase of stock. The customer requested damages of $78,285.70, and the case was settled for $46,500.00. Kalter denies the accusations, and contributed $4,900 to the settlement to avoid the expense of litigation.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis. This means that you won’t any pay legal fees unless we are successful. Call us toll free at 800-975-4345, or use our online contact form to get in touch.

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