{"id":6386,"date":"2018-08-13T14:28:18","date_gmt":"2018-08-13T18:28:18","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6386"},"modified":"2018-08-13T14:29:23","modified_gmt":"2018-08-13T18:29:23","slug":"broker-stephen-sullivan-subject-of-8-disclosures","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/","title":{"rendered":"Broker Stephen Sullivan Subject of 8 Disclosures"},"content":{"rendered":"<p>Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge Securities Corporation (CRD #104065), Legend Securities, Inc. (CRD #44952) and Tryco Securities, Inc. (CRD #104025). Sullivan has worked in the industry since 1998, with a number of broker firms in New York State.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-4869\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2-300x150.png\" alt=\"Picture1-2-300x150\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2-300x150.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2-239x120.png 239w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2.png 463w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Sullivan has 8 disclosures in his career, the first of which is a customer dispute filed on 5\/7\/2018. The client alleges Sullivan engaged in unsuitable transactions, <a href=\"https:\/\/www.silverlaw.com\/excessive-trading-churning.html\" target=\"_blank\">excessive trading<\/a>, and <a href=\"https:\/\/www.silverlaw.com\/failure-to-supervise.html\" target=\"_blank\">failure to supervise<\/a>, requesting $540,618.00 in damages. Sullivan denies the allegations. In his response, Sullivan states that the client knew about all the transactions and authorized them before they were purchased. This case is currently pending.<\/p>\n<p>In 2016, Sullivan was suspended by FINRA for 10 days and fined $5,000 for \u201cexercising discretion\u201d with two customer accounts without prior written authorization from the clients, and without written permission from the firm. He agreed to the sanctions, signed an Acceptance, Waiver &amp; Consent (AWC) letter, paid the fine and was suspended from 03\/07\/2016 through 03\/18\/2016.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/\"  title=\"Continue Reading Broker Stephen Sullivan Subject of 8 Disclosures\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge Securities Corporation (CRD #104065), Legend Securities, Inc. (CRD #44952) and Tryco Securities, Inc. (CRD #104025). Sullivan has worked in the industry since 1998, with a number of broker firms in New York State. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,607,588,577,580],"tags":[1059,290,1057,1058],"class_list":["post-6386","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-failure-to-supervise","category-finra-arbitration","category-finra-disciplinary-actions","category-stockbroker-misconduct","tag-scott-silver-sw-financial","tag-securities-arbitration","tag-stephen-sullivan","tag-sw-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Stephen Sullivan Subject of 8 Disclosures &#8212; Securities Arbitration Lawyers Blog &#8212; August 13, 2018<\/title>\n<meta name=\"description\" content=\"Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge &#8212; August 13, 2018\" \/>\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\/broker-stephen-sullivan-subject-of-8-disclosures\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Stephen Sullivan Subject of 8 Disclosures &#8212; Securities Arbitration Lawyers Blog &#8212; August 13, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge &#8212; August 13, 2018\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Stephen Sullivan Subject of 8 Disclosures &#8212; Securities Arbitration Lawyers Blog &#8212; August 13, 2018","description":"Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge &#8212; August 13, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/","twitter_card":"summary_large_image","twitter_title":"Broker Stephen Sullivan Subject of 8 Disclosures &#8212; Securities Arbitration Lawyers Blog &#8212; August 13, 2018","twitter_description":"Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. His previous employers include Newbridge &#8212; August 13, 2018","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2.png","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Broker Stephen Sullivan Subject of 8 Disclosures","datePublished":"2018-08-13T18:28:18+00:00","dateModified":"2018-08-13T18:29:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/"},"wordCount":391,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2-300x150.png","keywords":["scott silver SW Financial","Securities Arbitration","Stephen Sullivan","SW Financial"],"articleSection":["Churning","Failure to Supervise","FINRA Arbitration","FINRA Disciplinary Actions","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/","url":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/","name":"Broker Stephen Sullivan Subject of 8 Disclosures &#8212; Securities Arbitration Lawyers Blog &#8212; August 13, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-stephen-sullivan-subject-of-8-disclosures\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Picture1-2-300x150.png","datePublished":"2018-08-13T18:28:18+00:00","dateModified":"2018-08-13T18:29:23+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Stephen Sullivan (CRD #3123249) is a broker currently registered with SW Financial (CRD #145012) of Melville, NY. 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