Ross Barish


August 19, 2020

Type of alert:

SEC Complaint  

Ross Barish, a registered representative at Joseph Stone Capital, LLC in Mineola, New York, was recently the subject of a Complaint filed by the Securities and Exchange Commission (SEC). Barish has been associated with Joseph Stone Capital LLC since February 2013.

According to the Complaint, Barish engaged in a high-cost, in-and-out trading strategy in sixteen retail customer accounts between 2013 and 2019, without their knowledge or permission and without conducting due diligence to reasonably determine whether the trading strategy could bring minimal profitability for his customers. The SEC asserts that Barish’s trading activity was unsuitable for his customers based on investing objectives and financial needs identified in their investment portfolios, along with the excessive costs from frequent trading making a minimal profit nearly impossible. As a result of this trading strategy, Barish’s customers experienced $800,000 in losses to customers, while he made $400,000 in commissions.

The SEC seeks permanent injunctive relief, disgorgement of ill-gotten gains, plus interest, and civil penalties.

Take the next steps to find out if you have a claim:

Step 1.

Talk to an Experienced Attorney Today

Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!

Step 2.

Quick Review of Your Paperwork

If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.

Step 3.

Signed Attorney/Client Agreement

If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*

*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.

Request a Consultation

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer