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FINRA bars broker Steve Pagartanis, while SEC files civil suit alleging Ponzi Scheme

Steve Pagartanis (Steven Pagartanis) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Steve Pagartanis.

In April 2018 Steve Pagartanis was barred by FINRA indefinitely from practicing as a broker. Steve Pagartanis worked for Lombard Securities Incorporated in Seatauket, NY from 2017 to 2018.

Steve Pagartanis was previously associated with Cadaret, Grant and Company and Woodbury Financial Services.

FINRA alleges that Steve Pagartanis engaged in the following misconduct: he refused to appear for on-the-record testimony as requested by FINRA in connection with an investigation into allegations that he misappropriated customer funds while registered with two FINRA member firms.

Pagartanis faced employment separation from Lombard Securities, Inc. for failing to respond to customer complaint questions and requests for information. The firm requested specific information on unapproved investments allegedly made outside of the firm by a customer and why the broker failed to notify the firm regarding such outside investments.

In May 2018, Pagartanis became the subject of an investigation by the Securities and Exchange Commission for allegedly defrauding retail investors of over $8 million in a Ponzi scheme-like manner.

Steve Pagartanis has been the subject of at least 9 customer disputes.

If you invested money through Steve Pagartanis, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.

Fishman Haygood Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.

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