Zvi Ben-Zvi of New York New York a stockbroker formerly registered with Paulson Investment Company has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Ben-Zvi engaged in unapproved private securities transactions during the time he was associated with Paulson Investment Company. Letter of Acceptance Waiver and Consent No. 2018058932001 (June 27, 2019).

According to the AWC, in March of 2018, a securities transaction concerning Ben-Zvi’s own company, Company A, had been executed by Ben-Zvi away from the firm. In particular, a venture capital enterprise was solicited by Ben-Zvi to acquire a stake in Company A. In this regard, a note purchase agreement had been executed by the investor by which the investor was to receive membership units representing a fifteen percent stake of Company A in return for paying $150,000.00. The AWC stated that the venture capital enterprise had been solicited by Ben-Zvi again in May of 2018. This time, the investor made a $50,000.00 contribution in return for more of Company A’s membership interests.

FINRA revealed that Ben-Zvi was obligated under Paulson Investment Company’s procedures to apprise the firm about any securities transaction Ben-Zvi intended on engaging in prior to the stockbroker engaging in the transaction. Nonetheless, no notification had been provided to Paulson Investment Company by Ben-Zvi in regard to both of the securities transactions involving Company A. Therefore, FINRA found Ben-Zvi’s conduct violative of FINRA Rule 2010 and 3280.

FINRA Public Disclosure confirms that Ben-Zvi has been employed by at least two different securities broker dealers – John Thomas Financial and Merriman Capital Inc. – which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.

Ben-Zvi was terminated from Paulson Investment Company on June 22, 2018, following an international investigation by the firm into Ben-Zvi’s activities which resulted in the firm finding that Ben-Zvi engaged in conduct violative of FINRA Rule 3280 as well as the firm’s procedures and policies.

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 stockbrokerfraud.com

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

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

 (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website