Andrew Pesner, a financial advisor based in Hauppage, New York, recently found himself at the center of an investor complaint alleging advice-induced damages exceeding $250,000. With a lengthy career spanning 33 years, Pesner’s professional history is steeped in the financial services sector. Currently affiliated with VCS Venture Services, his former engagements include associations with Joseph Stone Capital amongst others.
A Stack of Investor Complaints
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Pesner’s record, as retained within the Financial Industry Regulatory Authority’s (FINRA) system, reveals several instances of investor grievances. The most acute of these was lodged back in September 2023, stating that Pesner, as a representative for Joseph Stone Capital and VCS Venture Services, advised on inappropriate over-the-counter equity stakes and was remiss in his responsibility.
Subsequently, an ensuing contention indicated damages to the tune of $295,531.50. This latest grievance is currently pending resolution.
Moreover, an indictment from 2003 cites Pesner for making unauthorized as well as unsuitable trades while representing Milestone Financial Services. The 2004 resolution to this case resulted in a $23,500 settlement.
Numerous other complaints have trailed Pesner throughout his career. In 1997, he was denounced for contract breach, negligence, and failure to uphold the fiduciary duty during his stint at First Asset Management. The case was closed with a $50,000 settlement agreement the following year.
In 1996, yet another investor allegation was filed against Pesner in his capacity as a representative for Chatfield Dean & Company. The charges revolved around endorsement of ill-suited investments, misinformation, lack of supervisory responsibility, and breaching fiduciary duty. An ensuing settlement in 1997 cost a hefty sum of $125,000.
The Portfolio of Andrew Pesner
Over a significant career spanning over three decades in the securities industry, Andrew Pesner has gathered a substantive professional portfolio. Currently based in Hauppage, New York, Pesner has been lending his services to VCS Venture Services since 2021.
His registration history extends to entities such as Joseph Stone Capital, First Midwest Securities, American Capital Partners, Milestone Financial Services, First Asset Management, and Chatfield Dean & Company. Pesner’s professional leaps span various locales from Hauppage, New York to Greenwood Village, Colorado.
His extensive qualifications include successfully passing five securities industry qualifying exams: the General Securities Principal Examination
(Series 24), the General Securities Representative Examination (Series 7), the Securities Industry Essentials Examination (SIE), the Investment Banking Registered Representative Examination (Series 79TO), and the Uniform Securities Agent State Law Examination (Series 63). Currently, Pesner holds 44 state licenses, marking a substantial footprint in the financial services industry.
Haselkorn & Thibaut: Advocates for Investor Rights
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For a confidential, no-cost consultation, feel free to call us at 1-800-856-3352, or fill out our online contact form. Our team of experts is always ready to guide you through your rights and recourse. Don’t let financial mismanagement turn your investment dreams into nightmares.
