albert-dishner-fined-and-suspended

FINRA alleged that Dishner engaged in discretionary trading in a customer’s account without authorization.

The Sonn Law Group is investigating allegations that Albert Dishner made unauthorized discretionary trades. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

albert-dishner-fined-and-suspendedAlbert Dishner (CRD#: 1912361) is currently a broker at Morgan Stanley, where he has been employed since 2015. Previously he was a broker for Credit Suisse Securities from 2005 until 2015. On June 17, 2020, Dishner neither admitted nor denied the findings alleged by FINRA and consented to sanctions in the form of a 10-day suspension and a $5,000 fine.

FINRA’s findings stated that Dishner exercised discretionary power in a customer’s brokerage accounts, executing securities transactions, including equities and option contracts without the customer’s prior written authorization and his member firm and, for the trades involving option contracts, a Registered Options Principal or Limited Principal – General Securities Sales Supervisor did not accept the accounts in writing as discretionary. The findings stated that the customer, a long-term client of Dishner, orally or implicitly gave him authority to exercise discretion in his accounts. Dishner’s suspension is set to begin on July 20, 2020. 

Dishner has four other disclosures on her BrokerCheck report.

August 2016 Customer Dispute

  • Status: Settled
  • Allegations: “Claimant has alleged negligence, breach of fiduciary duty and contract, and violation of FINRA Rules and state and federal securities laws, excessive trading/churning, and failure to supervise in his account from 2010 to 2015.”
  • Damage Amount Requested: $600,000.00
  • Settlement Amount: $205,000.00

August 2012 Customer Dispute

  • Status: Denied
  • Allegations: “Customer alleges that the representative did not follow the customer’s direction to sell securities then sold securities, allegedly without the customer’s authorization.”
  • Damage Amount Requested: $354,000.00
  • Broker Comment: “Registered Representative denies all allegations made against him.”

September 2007 Customer Dispute

  • Status: Settled
  • Allegations: “Client alleged purchase of ebay shares was too large.”
  • Settlement Amount: $28,000.00

February 1998 Customer Dispute

  • Status: Denied
  • Allegations: “The clients representative alleged unauthorized trading, churning and unsuitability (mutual funds and LTD partnerships) alleged damages unspecified, but in excess of $10,000.00
  • Broker Comment: “Pending see attached.”

Contact Us Today

The Sonn Law Group is currently investigating allegations that Albert Dishner made unauthorized discretionary trades. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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