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Investor Alleges Stanley Minka Executed Unauthorized Stock Transactions

Stanley Minka (CRD #: 1068542), a broker registered with MML Investors Services, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on May 11, 2023. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On April 14, 2023, an investor alleged that Stanley Minka executed unauthorized stock transactions starting in or around 2022, and also failed to discuss certain fees with the client. This dispute is currently pending.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Firms must also approve discretionary accounts before this trading can occur.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

Background Information

Stanley Minka has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Stanley Minka is a registered broker in ten states and a registered investment adviser in Delaware and Texas.

He has also worked for the following firms:

  • MSI Financial Services (CRD#:14251)
  • MetLife Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)

Kurta Law Can Help

If you worked with Stanley Minka 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. 

 

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