In June, we told you about Matthew Evan Eckstein (CRD #2997245), who was a previously registered broker with Sisk Investment Services, Inc. (CRD #19406) of Syossett, NY. In addition to being registered there since 2015, Eckstein owned Sisk and was its CEO. FINRA also expelled Sisk Investment Services on 6/22/2018. Eckstein was previously employed by Gould, Ambroson & Associates Ltd. (CRD #17412) of Garden City, NY since he began working in the industry in 1998.
There have been some new developments with this broker since our last blog post.
- Two counts of first degree scheme to fraud
- Three counts of second degree larceny
- Third degree larceny
These charges are currently pending.
Eckstein’s most recent disclosure was filed on 7/2/2018. Multiple customers filed a FINRA arbitration complaint against Eckstein alleging, “misrepresentations, breach of fiduciary duty, claims under New Jersey, Pennsylvania and North Carolina securities and consumer laws, violations of NASD/FINRA Conduct Rules and SEC Rules, negligence, failure of supervision, breach of contract, and vicarious liability.” Clients are requesting collective damages of $499,999.00. No additional information is available.
Prior to the criminal charges, two additional customer disputes were filed, one on 6/7/2018, and one on 6/1/2018. Both customers filed similar allegations, including
- Unsuitability
- Common law fraud
- Breach of contract
- Negligent supervision
- Breach of fiduciary duty
- RICO (Racketeer Influenced and Corrupt Organizations Act)
- Conversion
- Sale of unregistered securities
- Overconcentration
- Claims under New Jersey securities and consumer laws
The combined total of the damages in these two claims is $1,820,000. Eckstein has not yet appeared in any of these FINRA arbitration cases.
If you’ve invested money with Matthew Eckstein and would like to take a closer look at how your account was handled, call us. Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. Most cases handled on a contingent fee basis. This means that you won’t pay legal fees unless we are successful. Call us toll free at 800-975-4345, or use our online contact form to get in touch.