Securities Arbitration Lawyers BlogNew York Broker Christopher Vincent Paul Permanently Barred by FINRA
An assortment of charges, firings, and settlements have followed the broker for the last decade
Christopher Vincent Paul’s 14-year career has come to an end. After failing to give the Financial Industry Regulatory Authority (FINRA) information it was looking for, the agency permanently barred him from acting as a broker.
From May of 2001 to August of 2015, these are the firms with which Paul was associated, all of them in New York:
- S.W. Bach & Company – Port Washington
- Whitaker Securities, Inc. – Melville
- Granite Associates, Inc. – Melville
- VC Arjent Ltd. – NYC
- Arjent Services LLC – NYC
- Rockwell Securities LLC – NYC
- Aegis Capital Corp. – NYC
- Joseph Stone Capital L.L.C – Mineola
He also conducted business as the Nolan Bennet Group in Staten Island, NY.
Paul had a checkered history as a broker. He was involved in six customer disputes in which he was accused of, among other things, breach of contract, unauthorized trading, and misrepresentation. He was also fired or permitted to resign from three firms.
The most recent dispute against Paul was settled in September of 2015. According to a client, Paul made unsuitable investments and engaged in churning from October 2013 to June of 2015. Damages were granted in the sum of $21,000.
Churning is an all-too common practice of unscrupulous brokers. This is when trading occurs not for the benefit of a client, but simply to generate commission for the broker.
Just like Paul, one of his former firms has also been banned from the securities industry. In 2008, VC Arjent Ltd. was expelled for failing to pay fines related to SEC violations.
FINRA’s BrokerCheck reports have additional information on Christopher Vincent Paul and VC Arjent Ltd.
Did Christopher Vincent Paul make investments for you? To find out if you can recover lost money, get in touch with the Silver Law Group. Our securities arbitration attorneys work for people who have been the victim of brokers who have committed illegal or fraudulent acts. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group and our expert legal team represents clients in securities law arbitration cases to help them recover funds and get a sense of justice.
Our law firm only works on contingency, so you won’t owe us anything unless you get money back. Contact us for a free consultation.