Tamir Shabat Suspended by SEC

Tamir Shabat (CRD #: 4799909), a broker formerly registered with SA Stone Wealth Management, has been suspended by the SEC, according to his BrokerCheck record, accessed on February 28, 2025. If you have questions about his alleged conduct as a broker, keep reading.

SEC Suspension

On January 14, 2025, the SEC filed cease-and-desist proceedings against Tamir Shabat, alleging that solicited investors on behalf of StraightPath Venture Partners without being registered as a broker.

From at least June 2019 to March 2020, Tamir Shabat allegedly solicited investors to invest in privately-offered membership interests in limited liability companies (“StraightPath Funds”) that purported to own shares in private companies that might issue an initial public offering (IPO) in the future.

Tamir Shabat allegedly solicited at least 80 investors to invest at least $6 million in the StraightPath Funds, either on his own or through unregistered agents. He allegedly received more than $145,800 in compensation in relation to these transactions.

The SEC alleged that Tamir Shabat violated Section 15(b) of the Securities Exchange Act of 1934.

Securities Exchange Act of 1934

Section 15(b) of the Securities Exchange Act of 1934 prohibits unregistered individuals from effecting transactions or attempting to induce the purchase or sale of securities.

Sanctions

The SEC ordered Tamir Shabat to cease and desist from future violations of Section 15(b) of the Securities Exchange Act of 1934.

The SEC imposed the following sanctions:

• $40,000 fine
• Disgorgement of $145,868.42 
• Additional monetary sanction of $34,691.01 

The SEC also suspended him from participating in penny stock offerings and from associating with the following:

• Brokers
• Dealers
• Investment advisers
• Municipal securities dealers
• Municipal advisors
• Transfer agents
• Nationally recognized statistical ratings organizations (NRSROs)

These bars took effect on January 27, 2025, and will end on July 26, 2025.

The SEC also ordered Tamir Shabat to comply with an unspecified undertaking.

Background Information

Tamir Shabat has passed the following exams:

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

He previously worked for the following firms:

• SA Stone Wealth Management (CRD#:18456)
• Synergy Investment Group (CRD#:46035)
• Reuven Enterprises Securities Division (CRD#:140910)
• Kovack Securities (CRD#:44848)

Kurta Law Can Help

If you worked with Tamir Shabat 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 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.