{"id":10944,"date":"2023-01-30T11:11:45","date_gmt":"2023-01-30T16:11:45","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10944"},"modified":"2023-01-30T11:11:45","modified_gmt":"2023-01-30T16:11:45","slug":"finra-suspends-mb-schreiber-after-customer-complaint","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-mb-schreiber-after-customer-complaint\/","title":{"rendered":"FINRA Suspends MB Schreiber After Customer Complaint"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10945 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/MB-Schreiber.png\" alt=\"MB Schreiber (MB \u201cMickey\u201d Schreiber CRD# 1032600) is a registered broker whose most recent employer was Aegis Capital Corp. (CRD#:15007) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569), Newbridge Securities Corporation (CRD#:104065), and Summit Brokerage Services, Inc. (CRD#:34643), also of Red Bank. He has been in the industry since 1982.  Following a customer complaint, FINRA began reviewing Schreiber\u2019s business practices. They found that from 9\/2017 through 9\/2021, Schreiber exercised discretionary trading without written authorization from 27 customers for nearly 300 transactions. MB Schreiber did not obtain written consent to trade, nor did he have any authorization from Aegis to do so. During this time frame, Schreiber also incorrectly marked 181 of these trades as \u201cunsolicited,\u201d when he solicited them himself.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/MB-Schreiber.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2023\/01\/MB-Schreiber-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>MB Schreiber (MB \u201cMickey\u201d Schreiber CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1032600\" target=\"_blank\">1032600<\/a>) is a registered broker whose most recent employer was Aegis Capital Corp. (CRD#:15007) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569), Newbridge Securities Corporation (CRD#:104065), and Summit Brokerage Services, Inc. (CRD#:34643), also of Red Bank. He has been in the industry since 1982. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-mb-schreiber-after-customer-complaint\/#more-10944\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MB Schreiber (MB \u201cMickey\u201d Schreiber CRD# 1032600) is a registered broker whose most recent employer was Aegis Capital Corp. (CRD#:15007) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569), Newbridge Securities Corporation (CRD#:104065), and Summit Brokerage Services, Inc. (CRD#:34643), also of Red Bank. He has been in the industry since 1982. Continue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[],"class_list":["post-10944","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends MB Schreiber After Customer Complaint &#8212;<\/title>\n<meta name=\"description\" content=\"MB Schreiber, a registered broker whose most recent employer was Aegis Capital Corp. of Red Bank, NJ, was suspended by FINRA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-mb-schreiber-after-customer-complaint\/\" \/>\n<meta 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