Steve Allen Moise (CRD #4995443, Bayside, New York)

June 24, 2024 – An AWC was issued in which Moise was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for five months. Without admitting or denying the findings, Moise consented to the sanctions and to the entry of findings that he willfully violated the Care Obligation of Rule 15l-1 of the Exchange Act (Regulation Best Interest) by recommending a series of transactions in a customer’s account that was excessive and not in the customer’s best interest. The findings stated that Moise recommended that the customer execute 199 trades in the account over several months. On several occasions, Moise recommended that the customer sell a security shortly after purchasing it. The customer suffered realized losses and paid more than $52,000 in commissions and trading costs. Moise’s member firm settled with the customer through mediation. The suspension is in effect from July 1, 2024, through November 30, 2024. (FINRA Case #2022073708202)

If you have suffered losses as a result of Steve Allen Moise'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 Steve Allen Moise. 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 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.