Securities Arbitration Lawyers BlogBroker Craig Blattner Suspended By FINRA
Craig Dean Blattner (CRD #1590301) is a previously registered Florida broker and investment advisor. His last employer of record is Cetera Advisors LLC (CRD #10299) of Longwood, FL; his employment was terminated on 2/28/2018. He is not currently registered with any FINRA affiliated firm, and no other recent employment information is available. His previous employers include Investors Capital Corp. (CRD #30613) of Longwood, FL which merged with Cetera in September of 2016, Gunnallen Financial, Inc. (CRD #17609) of Orlando FL, and First Montauk Securities Corp. (CRD #13755) of Red Bank, NJ.
On or about 03/20/2018, Blattner was suspended by FINRA for 15 days after an inquiry into his business practices. He allegedly personally handled a customer complaint without notifying his employer.
In April of 2013, two longtime clients who had a joint account complained, both orally and in writing, about their account’s loss of $75,000. Blattner was supposed to disclose this complaint to his company at the time, ICC, and report it on his Form U4. Instead, Blattner wrote the clients a personal check for $15,000, instructing them to open a new account to deposit the check. The customers did so, and were told by Blattner that the check was to generate trading profits to replace the losses from their joint account. Failing to notify his employer of these complaints, and handling it away from the firm, is a violation of FINRA rule 2010.
FINRA’s disciplinary action sanctioned Blattner with a $5,000 fine and a 15-day suspension. He also signed an Acceptance, Waiver & Consent letter (AWC), which he signed on 3/14/2018.
Blattner also has three additional previous disclosures:
- A customer dispute filed on 03/06/2017 included allegations of unsuitability and losses, and requested damages of $69,007.00. The claim was ultimately withdrawn.
- Another customer filed a dispute on 09/22/2010 with allegations of unsuitability and losses, and requested damages of $100,000. The client received $26,267.59.
- A previous customer dispute filed on 06/01/2010 alleged unsuitability and resulted in market losses. The customer requested damages totaling $240,000, and received a settlement of $170,000.
Have You Invested With Craig Blattner?
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. Our Florida broker fraud lawyers represent on a contingency fee basis. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.