Did you lose money investing with former First Standard Financial Company LLC broker Carl Antaki (CRD# 4177543)? Antaki has been registered with Network 1 Financial Securities Inc. in Syosset, New York since September 2019. Previously, Antaki was registered with First Standard Financial Company LLC in Melville, New York from 2015 to 2019.
Previously, Antaki was registered with Rockwell Global Capital LLC in Melville, New York from 2008 to 2015. Before that time, Antaki was registered with Empire Financial Group in Uniondale, New York from 2005 to 2008 when he was terminated regarding, “failure to follow instructions to place stop loss.”
Antaki has been the subject of five customer complaints between 2001 and 2019, one of which was closed without action, according to his CRD report. Recent complaints are regarding:
March 2019. “Suitability.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint took place while Antaki was registered with First Standard Financial and was regarding common and preferred stocks.
October 2017. “Fraud & misrepresentation, churning & commission abuse, breach of fiduciary duty.” The customer sought $82,699.46 in damages and the case was settled for $8,750. The complaint took place while Antaki was registered with Rockwell Global Capital LLC and was regarding equity OTC.
September 2015. “Commissions, unsuitability and use of margin.” The customer sought $300,000 in damages and the case was settled for $62,500. The complaint took place while Antaki was registered with Rockwell Global Capital LLC and was regarding common and preferred stocks.
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, First Standard Financial Company LLC may be liable for investment or other losses suffered by Antaki’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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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