DID JOEL RANDY FREEDMAN CAUSE YOU INVESTMENT LOSSES?
About Joel Freedman of Sanctuary Securities, Inc.?
Joel Freedman (CRD #1260557) currently holds registrations with Sanctuary Advisors, LLC as an investment advisor and Sanctuary Securities, Inc. as a registered broker in Radnor, Pennsylvania. With a career spanning over several decades since his first registration in 1984, Freedman has accumulated significant expertise, as evidenced by passing 8 principal/supervisory exams, 6 general industry/product exams, and 2 multi-state securities law exams. He has worked with multiple prestigious firms, including Morgan Stanley and Citigroup Global Markets Inc., and is registered in 18 U.S. states and territories. His extensive credentials and diverse geographical licensure underscore his broad reach and deep understanding of the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joel Freedman Customer Complaints and Reviews
Joel Freedman’s record includes several disclosures that are pertinent for potential investors:
- Regulatory Event (1 incident): Freedman faced a regulatory action by the National Association of Securities Dealers, Inc. on May 8, 1991, which resulted in a censure and a joint fine of $500 due to maintaining insufficient net capital.
- Customer Dispute (1 incident): A substantial dispute involved unauthorized trades in a client’s account during 2023-2024, with alleged damages amounting to $1,431,587. This case was settled for $1,308,737 in March 2024.
- Termination (1 incident): Freedman voluntarily resigned from Morgan Stanley Wealth Management on March 14, 2024, following allegations of unauthorized exercise of discretion in a customer’s account and a failure to escalate the customer’s complaints in a timely manner.
Allegations Against Joel Freedman
- Regulatory Actions:
- Conducted securities business while failing to maintain the minimum required net capital, resulting in a regulatory censure and fine.
- Customer Complaints:
- Unauthorized trades executed in a client’s account, resulting in substantial financial dispute and settlement.
- Terminations:
- Voluntary resignation due to allegations of unauthorized discretion and inadequate handling of a client complaint.
Joel Freedman Red Flags & Your Rights As An Investor
Of course, Joel Freedman did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joel Freedman at Sanctuary Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Joel Freedman has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sanctuary Securities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Sanctuary Securities, Inc. Due To Joel Freedman
If you have questions about Sanctuary Securities, Inc. and/or Joel Freedman and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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