Anthony Joslin (CRD#: 2281191), a registered representative with Garden State Securities, Inc. of Red Bank, New Jersey, is currently involved in a dispute in which a client alleges “negligence, breach of contract, breach of fiduciary duty, fraud and misrepresentation,” according to his BrokerCheck report accessed on September 5, 2019. The client, who filed the complaint on June 25, 2019, is seeking $300,763 in damages.
This is not the only disclosure on Anthony Joslin’s BrokerCheck report, which includes disclosures dating back to 2000. On August 23, 2000, a claimant requested $625,000 in damages but the matter was settled for $130,000. According to Anthony Joslin’s BrokerCheck report, “Customer trading through broker 1 ½ years. Over this time customer presented himself to be wealthy individual with high risk tolerance. His trading activity and use of margin bears this out. In Mar. 2000 the portfolio suffered losses. Customer received margin calls. Complaint letter submitted. The parties have agreed to file for mediation.”
On April 28, 2003, Anthony Joslin voluntarily resigned from Grayson Financial LLC. According to the allegations, “Grayson is investigating whether Mr. Joslin while employed at Grayson, took steps to solicit the transfer of Grayson client accounts to JP Turner and directed the misappropriation of proprietary firm information.” About a month before his resignation, on March 14, 2003, a customer alleged “poor performance relating to transactions between 08/24/2000 through 12/18/2000.” The claimant sought $30,000 in damages, but the matter was ultimately settled for $8,000.
On May 26, 2004, the NASD (the precursor to FINRA) alleged that Anthony Joslin “failed to reasonably supervise registered representative of member firm, so as to prevent violations of applicable NASD rules.” He entered into an Acceptance, Waiver & Consent (AWC) in which he consented to a $5,000 fine and a 30-day suspension from July 6, 2004 to August 16, 2004.
On April 26, 2005, a client alleged “unsuitability, unauthorized trades, failure to follow instructions and excessive commissions.” The client sought $109,411 in damages, but the matter was settled for $35,610. Two weeks earlier, on April 11, 2005, a client alleged that Anthony Joslin engaged in churning. The client requested $60,000 in damages, but the dispute was settled for $32,500. Churning occurs when a broker trades excessively within a client’s portfolio to generate excessive commissions. One year earlier, on May 27, 2004, a client alleged “losses due to poor performance.” The claimant requested $200,000 in damages, but the matter was settled for $34,000.
On March 10, 2014, Garden State applied to register Anthony Joslin with the Massachusetts Securities Division, but on June 4, 2014, the Division stated, “The number and type of allegations against Joslin suggest a pattern of behavior that has moved the Division to place conditions on his registration as an agent of Garden State.” As a result, although the Massachusetts Securities Division approved his application for registration, they imposed conditions on him. For three years, “Joslin shall be supervised, on a heightened basis …. [O]n a quarterly basis, Garden State shall monitor and contact those of Joslin’s Massachusetts customers that made trades in the calendar quarter reviewed to determine their satisfaction with Joslin’s services.”
In addition to working for Garden State Securities, Inc., as a 26-year veteran of the securities industry, Anthony Joslin has worked for five other firms:
- P. Turner & Company, LLC (CRD#: 43177) of Tinton Falls, New Jersey
- Grayson Financial LLC (CRD#: 11764) of Red Bank, New Jersey – expelled by FINRA on October 23, 2006
- S. Farrell & Company, Inc. (CRD#: 24232) of Syosset, New York
- Smith Barney Inc. (CRD#: 7059) of New York, New York
- Lehman Brothers Inc. (CRD#: 7506) of New York, New York
If you’ve invested on Anthony Joslin’s recommendation or if you have questions about broker negligence, don’t hesitate to contact Fitapelli Kurta at (877) 238-4175 or email@example.com for your free consultation.