Erez Law is currently investigating Joseph Stone Capital L.L.C. broker Ibrahim Kurtulus (CRD# 2287372), who is accused of unsuitable investment recommendations. He has been registered with Joseph Stone Capital L.L.C. in New York, New York, since 2018. Previously, he was registered with Windsor Street Capital, LP in New York, New York, from 2006 to 2018, with J.W. Barclay & Co., Inc. in Woodbridge, New Jersey, from 1993 to 2001, and with A.S. Goldmen & Co., Inc. in Red Bank, New Jersey from March to May 1993, when he was terminated regarding, “not provided the allegations against me were that i stole account statements of other brokers with the intent of selling them.”
In April 2004, NASD suspended the broker for 10 days and ordered him to pay a $7,500 fine following allegations that he “opened brokerage accounts for public customers without their prior knowledge, authorization, or consent; and effected transactions in the accounts of public customers without their prior knowledge, authorization, or consent.”
In April 2005, the state of Illinois withdrew his registration for two years.
Ibrahim Kurtulus Customer Complaints
He has been the subject of three customer complaints between 2015 and 2023, according to his CRD report:
September 2023. “unsuitable trading overconcentration improper use of margin.”The customer is seeking $875,000 in damages. The complaint was regarding equity OTC, and it took place while he was registered with Joseph Stone Capital L.L.C.
October 2017. “unsuitable investment advice.” The customer sought $100,000 in damages, and the case was settled for $14,999.99. The complaint was regarding stock losses.
January 2015. “unsuitable investment.” The customer sought $300,000 in damages, and the case was settled for $45,000. The complaint was regarding equity OTC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Joseph Stone Capital L.L.C. may be liable for investment or other losses suffered by Ibrahim Kurtulus’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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