Bruce Stark Allegedly Recommended Unsuitable Investments

Bruce Stark (CRD #: 2912344), a broker registered with Aegis Capital Corp, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 3, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 15, 2024, an investor alleged that Bruce Stark recommended unsuitable use of margin and offered poor advice. 

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Margin calls happen when the broker needs more money in the account in order to cover the minimum margin requirement. If the investor does not deposit money in the margin account, the broker may liquidate securities in the investor’s account in order to cover the minimum. 

Utilizing margin is often unsuitable and investors should be made aware of the risks before purchasing securities on margin. 

Civil Judgment

Bruce Stark is the subject of a civil judgment for $16,933.27. 

Background Information 

Bruce Stark has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 27 states. 

In his 26 years of experience, Bruce Stark has registered with seven firms: 

• Aegis Capital Corp (CRD #: 15007) 
• Obsidian Financial Group (CRD #: 104255) 
• EKN Financial Services (CRD #: 113525) 
• Ehrenkrantz King Nussbaum (CRD #: 31140) 
• Weatherly Securities Corporation (CRD #: 11081) 
• Tasin & Company (CRD #: 30709) 
• IAR Securtiies Corp. (CRD #: 5155) 

Kurta Law Can Help 

If you have worked with Bruce Stark and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.