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Stephen Gladstone Barred by FINRA

May 6, 2022 Barred Broker

Stephen Gladstone (CRD#: 222612), a former broker, was barred by FINRA,  according to his BrokerCheck record, accessed on May 2, 2022. If you have questions about Stephen Gladstone’s conduct as a broker, keep reading.

Bar by FINRA

On April 8, 2022, Stephen Gladstone consented to an Acceptance, Waiver, and Consent (AWC) which alleges he refused to provide on-the-record testimony in accordance with a FINRA investigation into his private securities transactions.

The AWC alleges Stephen Gladstone appeared for testimony but refused to answer questions midway through his testimony and indicated he never intended to answer further questions. The AWC concludes these alleged actions violated FINRA Rules 8210 and 2010.

FINRA was investigating Stephen Gladstone's potential undisclosed private securities transactions. 

FINRA Rule 3280 

FINRA Rule 3280 requires investors to disclose their private securities transactions that they conduct outside of their role with the firm. Brokers must have their firm’s approval if they are to receive selling compensation. 

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires brokers to comply with requests for testimony, as well as requiring firms to provide relevant records and information in compliance with FINRA investigations.

Violations of many FINRA rules constitute violations of Rule 2010, which requires brokers to maintain high standards of commercial honor.

Sanctions

Stephen Gladstone consented to the sanction of a permanent bar from FINRA starting on April 8, 2022. You can read the full AWC here.

Background Information

Stephen Gladstone has passed the following exams:

  • SIE - Securities Industry Essentials Examination
  • Series 1 - Registered Representative Examination
  • Series 24 - General Securities Principal Examination

He has also worked for the following firms:

  • Liberty Associates (CRD#:15071)
  • OBEX Securities (CRD#:120002)
  • Noble Financial Capital Markets (CRD#:15768)
  • Lighthouse Financial Group (CRD#:103734)
  • IRC Securities (CRD#:16049)
  • ICAP Corporates (CRD#:2762)
  • GGET, LLC (CRD#:107899)
  • Garban Corporates (CRD#:2762)
  • Gerard Klauer Mattison & Company (CRD#:16686)
  • Weeden & Company, L.P. (CRD#:16835)
  • Moseley, Hallgarten, Estabrook & Weeden (CRD#:7908)
  • Weeden & Company (CRD#:878)

Kurta Law Can Help

If you worked with Stephen Gladstone 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.