Last Updated: February 2025 (Melville, NY)
National securities fraud lawyers at Patil Law, P.C are investigating current Capitol Securities Management broker Ian Greenblatt (CRD #2276966) regarding allegations of excessive trading and unauthorized high-risk transactions. The investigation stems from multiple customer complaints and regulatory actions, including a recently filed FINRA arbitration in January 2025.
Critical Insights About Melville Financial Advisor Ian Greenblatt
- Advisor Name: Ian Greenblatt
- CRD: 2276966
- Location: Melville, NY
- Current Employer: Capitol Securities Management, Inc.
- Classification: Registered Representative & Investment Banking Representative
- Primary Location: 201 Old Country Road, Suite 206, Melville, NY 11747
- Can Ian Greenblatt be sued in FINRA arbitration: Yes
- Customer Disputes: One pending complaint, five historical customer disputes
- Regulatory Actions: One FINRA disciplinary action
- Current Registrations: Licensed in 16 states
- Years of Experience: Since 1992
- Professional Qualifications: Series 7, 63, 79TO licenses
Details Of Current Investigation A customer complaint filed in January 2025 alleges:
- Excessive trading in client accounts
- High-risk trading activities
- Damages alleged to exceed $150,000
- Pending FINRA arbitration (Case #25-00092)
History of Regulatory Issues FINRA issued disciplinary action in 2018 finding:
- Unauthorized settlement of customer complaint
- Paying $50,000 to customers without firm knowledge
- 30-day suspension from industry
- $10,000 fine imposed
- Violation of firm policies and industry regulations
Analysis Of Alleged Misconduct The pattern of complaints raises serious concerns about:
- Trading practices and frequency
- Risk management procedures
- Client authorization processes
- Compliance with regulatory requirements
- Protection of client interests
- Supervision and oversight
- Disclosure obligations
Prior Customer Complaints Notable previous issues include:
- $183,000 settlement in 2018 regarding unsuitable recommendations
- Elder abuse allegations
- Multiple unauthorized trading claims
- Pattern of client disputes spanning career
Implications For Current And Former Clients Current and former clients should:
- Review all account statements
- Examine trading frequency
- Verify transaction authorizations
- Calculate total fees and commissions
- Document communications
- Assess portfolio suitability
- Monitor account activity
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about excessive trading or unauthorized transactions in your account handled by Mr. Greenblatt, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
