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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Former MML Investors Services/ Park Avenue Securities Broker Barrred For Elder Abuse 0 comments
    Mar 18, 2013 3:27 PM

    Martin B. Feibish was recently barred from the industry by FINRA for stealing millions from an elderly client in a decade long trail of deceit.

    Without admitting or denying anything, Feibish resolved the FINRA allegations by agreeing to leave the industry. The FINRA allegations included:

    • Starting in 1999, Feibish misapproprated over $5 million from an elderly customer
    • he invested in fictitious investments
    • he forged signatures
    • he created fake companies
    • he created false promissory notes which were sold as "investments"
    • he prepared fake IRS forms to deceive the customer
    • he allowed life insurance policies to lapse

    FINRA records show that Feibish worked for MML Investors Services, Park Avenue Securities and 1717 Capital Management Company during the time the alleged fraud took place. FINRA records also indicate that the case with the customer was settled for $4.4 million.

    If you have questions about your account or the brokerage account of a loved one, do not hesitate to contact us. We have been helping investors recover stock market losses for more than 25 years.

    Free Consultation.

    Rex Securities Law

    561 391 1900

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