Advisor Alert: Our Attorneys Are Investigating Andrew Scott Pesner For Investment Fraud
Did You Lose Money Because of Andrew Pesner?
Filed: February 15, 2024
Andrew Pesner currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) regulatory event and seven (7) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Andrew Scott Pesner.
Who Is Andrew Scott Pesner of VCS Venture Securities?
- Advisor Name: Andrew Scott Pesner
- Aliases: Andrew Pesner
- CRD: 1971579
- Location: Hauppauge, New York
- Current Employer: VCS Venture Securities
- Previous Firms: Joseph Stone Capital L.L.C., First Midwest Securities, Inc., and American Capital Partners, LLC
- Number of Known Customer Complaints: 7
- Number of Known Regulatory Events: 1
- Can Andrew Pesner Be Sued: Yes, in Private Arbitration
- Can Andrew Pesner’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $352,000
- Highest Settlement: $125,000
If you have suffered investment losses by Andrew Pesner, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Andrew Pesner For Broker Misconduct
As of this publication date, Andrew Pesner has been the subject of 7 customer disputes and 1 regulatory event. Let’s review them below.
In September 2023, a FINRA arbitration was filed against or in reference to Andrew Pesner by a customer of Joseph Stone Capital L.L.C. and VCS Venture Securities alleging suitability, negligence, and lost opportunity. Per the customer, he/she lost over $295,531.50 because of Mr. Pesner’s actions. As of this publication date, this claim remains pending.
In May 2003, a NASD arbitration was filed against or in reference to Andrew Pesner by a customer of Milestone Financial Services, Inc. alleging unauthorized and unsuitable trading. Per the customer, he/she lost over $49,739.71 because of Mr. Pesner’s actions. On August 17, 2004, Mr. Pesner settled the claim for $23,500.
In February 1998, a NASD arbitration was filed against or in reference to Andrew Pesner by a customer of First Asset Management, Inc. alleging unsuitability, unauthorized trading, and churning. Per the customer, he/she lost over $50,000 because of Mr. Pesner’s actions. On February 1, 1998, Mr. Pesner settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Pesner’s employer and/or insurance carrier.
In February1998, a complaint was filed against or in reference to Andrew Pesner alleging unauthorized trading. Per the customer, he/she lost over $12,000 because of Mr. Pesner’s actions.
In July 1996, IN initiated a regulatory action against or in reference to Andrew Pesner for allegedly violating the Indiana Securities Act.
In January 1996, a NASD arbitration was filed against or in reference to Andrew Pesner by a customer of Chatfield Dean & Co., Inc. alleging suitability and misrepresentation. Per the customer, he/she lost over $352,000 because of Mr. Pesner’s actions. On June 17, 1997, Mr. Pesner settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Pesner’s employer and/or insurance carrier.
In October 1995, a NASD arbitration was filed against or in reference to Andrew Pesner by multiple customers of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging failure to supervise, misrepresentation, omission of facts, unsuitability, and damages of 40,000. An arbitration panel found that Andrew Pesner was negligent and awarded $17,455.55 in favor of the customers.
In August 1995, a NASD arbitration was filed against or in reference to Andrew Pesner by a customer of Lew Lieberbaum & Co., Inc. alleging unauthorized trading, churning, misrepresentation, and omission of facts. Per the customer, he/she lost over $90,000 because of Mr. Pesner’s actions. On June 10, 1996, Mr. Pesner settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Pesner’s employer and/or insurance carrier.
How To File A Claim Against Andrew Pesner of VCS Venture Securities (previously with Joseph Stone Capital L.L.C., First Midwest Securities, Inc., and American Capital Partners, LLC) To Get Your Money Back
If you have questions about Andrew Pesner, VCS Venture Securities, Joseph Stone Capital L.L.C., First Midwest Securities, Inc., American Capital Partners, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.