stock misconduct

Terry Lee Brodt Jr. of Red Bank New Jersey a stockbroker registered with Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $500,00.00 in damages founded on accusations that (1) contractual obligations to the customer had been breached (2) trades were effected on an excessive basis (3) and exchange traded fund and over-the-counter equities transactions failed to be suitable for the customer. FINRA Arbitration No. 17-02793 (Nov. 20, 2017).

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Brodt is referenced in five additional customer initiated investment related disputes that concern allegations of his misconduct during the time that he was employed by securities broker dealers including Garden State Securities. Particularly, a customer initiated investment related arbitration claim involving Brodt’s activities has been settled for $24,900.00 in damages based upon accusations of unsuitable and unauthorized equities being effected in the customer’s account by Brodt during the time he was associated with Garden State Securities Inc.

Moreover, a customer initiated investment related arbitration claim concerning Brodt’s conduct has been resolved for $120,000.00 in damages supported by allegations that Brodt churned the customer’s equity portfolio and charged the customer commissions which were excessive. FINRA Arbitration No. 16-01108 (Jan. 18, 2017).

Moreover, FINRA Public Disclosure additionally reveals that Brodt has been fined $10,000.00 and suspended from associating with any FINRA member in any capacity founded on findings that Brodt executed trades in customer accounts on a discretionary basis and furnished false or misleading information to the firm in regard to his trading in customer accounts; conduct violative of FINRA Rules 2010 and National Association of Securities Dealers (NASD) Rule 2510(b).

Brodt has been employed by Garden State Securities Inc. since August 12, 2010.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)