New Jersey Bureau of Securities Revokes Registration, Obtains Court Order Freezing Assets of Red Bank Broker-Dealer
November 04, 2019
November 04, 2019
NEWARK, New Jersey, Nov. 4 -- New Jersey Attorney General Gurbir S. Grewal issued the following news release:
In the latest action in its ongoing investigation of First Standard Financial Company, LLC, in Red Bank, the New Jersey Bureau of Securities today announced it has revoked the broker-dealer's registration and obtained a court-ordered freeze of the firm's assets amid findings that its agents raked in more than $28.7 million through pervasive unauthorized, unsuitable . . .
In the latest action in its ongoing investigation of First Standard Financial Company, LLC, in Red Bank, the New Jersey Bureau of Securities today announced it has revoked the broker-dealer's registration and obtained a court-ordered freeze of the firm's assets amid findings that its agents raked in more than $28.7 million through pervasive unauthorized, unsuitable . . .