{"id":8277,"date":"2019-05-23T16:39:49","date_gmt":"2019-05-23T20:39:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8277"},"modified":"2019-05-23T16:39:49","modified_gmt":"2019-05-23T20:39:49","slug":"david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/","title":{"rendered":"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8279 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2-300x200.jpg\" alt=\"David Howard Fagenson (CRD#: 1652012) is a previously registered broker and current investment advisor whose last employer was Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL. His previous employers include UBS Financial Services Inc. (CRD#:8174) of Palm Beach, FL, Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of West Palm Beach, FL, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. No current employment information is available. He has been in the business since 1987.FINRA suspended Fagenson for exercising de facto control over the accounts of three senior investors without their consent, making unsuitable trades, losing money from the accounts and generating excess commissions for himself and his firm while at UBS. Fagenson was found to have engaged in \u201cquantitatively unsuitable trading\u201d in three accounts of senior investors, between January 2012 and September 2016. \" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>David Howard Fagenson (CRD#: <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1652012\" target=\"_blank\">1652012<\/a>) is a previously registered broker and current investment advisor whose last employer was Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL. His previous employers include UBS Financial Services Inc. (CRD#:8174) of Palm Beach, FL, Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of West Palm Beach, FL, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. No current employment information is available. He has been in the business since 1987. <a href=\"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#more-8277\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Howard Fagenson (CRD#: 1652012) is a previously registered broker and current investment advisor whose last employer was Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL. His previous employers include UBS Financial Services Inc. (CRD#:8174) of Palm Beach, FL, Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691) of West Palm Beach, FL, and Morgan Stanley [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,581],"tags":[],"class_list":["post-8277","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-unauthorized-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>David Fagenson Suspended In FINRA Investigation For Unsuitable Trading<\/title>\n<meta name=\"description\" content=\"David Howard Fagenson, a previously registered broker and current investment advisor, last worked for Newbridge Securities Corporation of Boca Raton, FL.\" \/>\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\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading\" \/>\n<meta name=\"twitter:description\" content=\"David Howard Fagenson, a previously registered broker and current investment advisor, last worked for Newbridge Securities Corporation of Boca Raton, FL.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2.jpg\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading","description":"David Howard Fagenson, a previously registered broker and current investment advisor, last worked for Newbridge Securities Corporation of Boca Raton, FL.","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\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/","twitter_card":"summary_large_image","twitter_title":"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading","twitter_description":"David Howard Fagenson, a previously registered broker and current investment advisor, last worked for Newbridge Securities Corporation of Boca Raton, FL.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/","url":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/","name":"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2-300x200.jpg","datePublished":"2019-05-23T20:39:49+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"David Howard Fagenson, a previously registered broker and current investment advisor, last worked for Newbridge Securities Corporation of Boca Raton, FL.","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/05\/Stock2.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/david-fagenson-suspended-in-finra-investigation-for-unsuitable-trading\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"David Fagenson Suspended In FINRA Investigation For Unsuitable Trading"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=8277"}],"version-history":[{"count":3,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8277\/revisions"}],"predecessor-version":[{"id":8281,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8277\/revisions\/8281"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=8277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=8277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=8277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}