FINRA Bars Mitchell Biernick For Alleged Failure to Provide Testimony

Mitchell Biernick (CRD #: 2690172), a broker formerly registered with Newbridge Securities, has been barred by FINRA, according to his BrokerCheck record, accessed on November 29, 2022. If you want to know more about his conduct as a broker, keep reading.

Bar by FINRA

On October 18, 2022, Mitchell Biernick consented to the entry of findings that he allegedly refused to appear for on-the-record testimony requested by FINRA in connection with an investigation into potentially unsuitable investment recommendations made while he was associated with Arive Capital Markets.

According to a Letter of Acceptance, Waiver & Consent (AWC), Mitchell Biernick allegedly stated his refusal to appear for testimony on September 30, 2022.

The AWC concluded that his alleged refusal violated FINRA Rules 8210 and 2010.

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires members to supply records, information, and testimony upon request by FINRA.

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Mitchell Biernick was permanently barred by FINRA starting October 18, 2022.

You can read a copy of the AWC here.

Background Information

Mitchell Biernick has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 4 – Registered Options Principal Examination
• Series 24 – General Securities Principal Examination

In the past, he worked for the following firms:

• Newbridge Securities (CRD#:104065)
• Arive Capital Markets (CRD#:8060)
• J.P. Turner & Company (CRD#:43177)
• American Capital Partners (CRD#:119249)
• Milestone Financial Services (CRD#:43295)
• Investec Ernst & Company (CRD#:266)
• Royce Investment Group (CRD#:10494)
• Kensington Wells (CRD#:30570)

Kurta Law Can Help

If you worked with Mitchell Biernick and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.