{"id":18450,"date":"2019-11-07T09:12:45","date_gmt":"2019-11-07T15:12:45","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18450"},"modified":"2019-11-08T09:15:00","modified_gmt":"2019-11-08T15:15:00","slug":"shepherd-smith-edwards-and-kantas-investigates-customer-claims-involving-first-standard-financial-and-brokers-philip-j-sparacino-and-gabriel-block","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-and-kantas-investigates-customer-claims-involving-first-standard-financial-and-brokers-philip-j-sparacino-and-gabriel-block\/","title":{"rendered":"Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving First Standard Financial and Brokers Philip J. Sparacino and Gabriel Block"},"content":{"rendered":"<p>The<a href=\"https:\/\/www.njconsumeraffairs.gov\/bos\" target=\"_blank\" rel=\"noopener noreferrer\"> New Jersey Bureau of Securities <\/a> has revoked the registration license of First Standard Financial Company, a broker-dealer based in Red Bank, NJ. The move comes in the wake of allegations that First Standard and its representatives engaged in improper short-term trading, causing them to illegally make over $28.7M in sales charges and commissions.<\/p>\n<p>Meantime, there have reportedly been an increase in customer complaints and a \u201cmass exodus\u201d of First Standard representatives from the firm. The state\u2019s securities regulator is accusing the brokerage firm of \u201cpervasive unauthorized, unsuitable, and excessive trading\u201d that cost customers money while \u201cunjustly enriching First Standard and its agents.\u201d<\/p>\n<p>Our <a href=\"https:\/\/www.investorlawyers.com\/brokerage-firm-misconduct.html\" target=\"_blank\" rel=\"noopener noreferrer\">brokerage firm misconduct lawyers<\/a> at Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) are investigating claims of current and former customers of First Standard Financial Company and its brokers, including former licensed agents Philip Sparacino and Gabriel Block. Please contact us today so that we can help you explore your legal options.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-and-kantas-investigates-customer-claims-involving-first-standard-financial-and-brokers-philip-j-sparacino-and-gabriel-block\/\"  title=\"Continue Reading Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving First Standard Financial and Brokers Philip J. Sparacino and Gabriel Block\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The New Jersey Bureau of Securities has revoked the registration license of First Standard Financial Company, a broker-dealer based in Red Bank, NJ. The move comes in the wake of allegations that First Standard and its representatives engaged in improper short-term trading, causing them to illegally make over $28.7M in sales charges and commissions. Meantime, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783],"tags":[4221,4223,4222],"class_list":["post-18450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","tag-first-standard-financial-company","tag-gabriel-block","tag-philip-sparacino"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving First Standard Financial and Brokers Philip J. Sparacino and Gabriel Block &#8212; Investor Lawyers Blog &#8212; November 7, 2019<\/title>\n<meta name=\"description\" content=\"SSEK Law Firm is investigating claims of First Standard Financial Company and former brokers Philip Sparacino and Gabriel Block.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-and-kantas-investigates-customer-claims-involving-first-standard-financial-and-brokers-philip-j-sparacino-and-gabriel-block\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving First Standard Financial and Brokers Philip J. Sparacino and Gabriel Block &#8212; Investor Lawyers Blog &#8212; November 7, 2019\" \/>\n<meta name=\"twitter:description\" content=\"SSEK Law Firm is investigating claims of First Standard Financial Company and former brokers Philip Sparacino and Gabriel Block.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-morgan-stanley.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving First Standard Financial and Brokers Philip J. 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