Articles Tagged with Joseph Stone Capital

David Braeger of Bayside, Wisconsin was issued a complaint from the Financial Industry Regulatory Authority (FINRA) that outlined several alleged misconducts. While registered with Joseph Stone Capital, FINRA alleged that Braeger converted customer funds that were intended to be invested. The FINRA findings stated that an elderly customer gave a $200,000 check to Braeger to be invested in a private placement, but instead transferred the money to a bank which he later deposited in his account. FINRA further alleged that Braeger used this money to buy a home and continued to lie to his customer about their investment. According to FINRA’s investigation, Braeger provided false or misleading testimony in connection to the case in violation of FINRA Rule 8210. Additionally, the FINRA investigation concluded that Braeger converted customer funds in violation of FINRA Rules 2150 and 2010. Without admitting or denying the FINRA findings, Braeger was barred from association with any FINRA member in any capacity. Continue Reading

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