FINRA Regulatory Actions
Block began in the industry in 1990. In February, 2019 FINRA barred him from acting as a broker after he failed to respond to a request for information. His publicly-available FINRA BrokerCheck report lists 17 disclosures from 1999 to 2019. 12 of the disclosures are customer disputes, and 5 are regulatory events.
The complaints against Brock involve everything from narcotics use and failure to address mental instability notification to churning and unsuitable recommendations.
First Standard Financial Customer Complaints
The most recent customer dispute against Gabriel Brock was filed in April, 2019 and alleges issues with suitability and excessive trading. That dispute seeks $2,000,000 in damages and is currently pending.
Two other customer disputes in 2019 allege unsuitable trades and unauthorized trading. One seeks $668,000 in damages. Both are pending.
In 2015, Gabriel Block was the subject of two nearly identical complaints that alleged breach of fiduciary duty, negligence, and suitability. The requested damages for those cases was $900,000. They were settled for $125,000 by Block’s previous employer without his knowledge or any contributions. Block denied any wrongdoing.
A 2013 dispute alleged that Block concentrated the client’s retirement savings in positions that were not suited for her investment objections. Block denied the allegations, but the case was settled for $30,000.
In 2011 a customer alleged that their account was not handled in their best interest. The client requested damages of $5,000, and the case was settled for $350,000.
Other customer disputes closed with no action or were denied.
Did You Invest With Gabriel Block Or First Standard Financial Company, LLC?
If you have losses with Gabriel Block or First Standard Financial Company, we’d like to hear from you. It may be possible to recover your losses through FINRA arbitration.
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, including claims for churning, unsuitability, and fraud. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.