Mark Elliot Paverman & Jeffrey Alan Stanley

(CRD #1046105, Boca Raton, Florida) & (CRD #4645288, Parker, Colorado)

August 28, 2025 – Paverman and Stanley were named respondents in a FINRA complaint alleging that Stanley failed to reasonably supervise the cash management program of his member firm. The complaint alleges that the firm, through Stanley, failed to establish and maintain a supervisory system reasonably designed to ensure compliance with FINRA rules. Stanley approved the opening of hundreds of thousands of firm brokerage accounts without obtaining adequate authorization from customers. Stanley also approved the transfer of customer funds without adequate authorization from customers and failed to establish and implement a system to supervise the transfer of brokerage customer funds. The firm, under Stanley, failed to detect the reallocation of tens of millions of dollars through ledgering movements from the firm’s cash management accounts to a bank that occurred without customer authorization. In addition, Stanley failed to supervise unregistered personal of the firm’s corporate parent conducting key brokerage functions and failed to investigate red flags of ledgering discrepancies. The complaint also alleges that the firm, acting through Paverman, failed to preserve electronic communications of three of its registered representatives; failed to preserve instant messages of any of its registered representatives; and failed to preserve electronic communications of personnel from its corporate parent who performed brokerage functions. The complaint further alleges that Paverman made misrepresentations to FINRA by providing a false certification that the firm directly contracted with a vendor for record retention and the firm had independent access to the records maintained by the vendor. The firm did not have independent access to the records maintained by the vendor because the contract was with its parent, and it was reliant on its parent to obtain access to those records which Paverman was unable to provide FINRA. (FINRA Case #2023080111701) If you have suffered losses as a result of Paverman and Stanley's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Paverman and Stanley. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.