ANDREW JONATHAN TRESSLER is currently employed as a Broker and/or Investment Adviser at TRIDENT PARTNERS LTD. located at 321 Dante Court, Suite A2, Holbrook, NY, 11741.
ANDREW JONATHAN TRESSLER has worked at TRIDENT PARTNERS LTD. since September 08, 2015
Disclosure History
ANDREW JONATHAN TRESSLER has 11 Disclosure Event(s).
Date: December 12, 2017 Category: Customer Dispute Allegations: unsuitable investments Damage Amount Requested: $173,535.00 Broker Comment: Inherited client from previous broker. This issue was with the previous broker. I deny and am fighting vigorously and also contemplating a counter suit.
Date: September 05, 2017 Category: Customer Dispute Allegations: Excessive and Unsuitable Trading, False and Misleading Statements Damage Amount Requested: $50,000.00
Date: June 10, 2015 Category: Customer Dispute Allegations: THE CLIENT CLAIMS THAT IN OR ABOUT JUNE 2014 ANDREW TRESSLER AND [THIRD PARTY] TOOK OVER HIS ACCOUNT AT LPFS AFTER HIS FORMER REP LEFT. THEY THEN TRADED THE ACCOUNT LARGELY WITHOUT AUTHORITY AND TRADED THE CLIENTS ACCOUNT FOR THE SINGULAR PURPOSE OF GENERATING COMMISSIONS FOR THEMSELVES. Damage Amount Requested: $220,000.00 Settlement Amount: $18,000.00 15-01137
Date: October 06, 2008 Category: Customer Dispute Allegations: STATUTORY AND COMMON LAW FRAUD; NEGLIGENCE AND GROSS NEGLIGENCE; BREACH OF CONTRACT; BREACH OF FIDUCIARY DUTY; MISREPRESENTATIONS AND OMISSIONS; SUITABILITY; FAILURE TO EXPLAIN RISKS ASSOCIATED WITH PURCHASING SECURITIES ON MARGIN; UNAUTHORIZED PURCHASES OF EQUITIES AND CALL OPTIONS; BREACH OF THE DUTY OF GOOD FAITH AND FAIR DEALING; CHURNING; UNAUTHORIZED TRADING (UNAUTHORIZED USE OF DISCRETION); EXCESSIVE TRADING; UNAUTHORIZED USE OF MARGIN; TRADING IN OPTIONS; DAY TRADING; EXCESSIVE COMMISIONS; BREACH OF DUTIES OWED TO RETAIL CUSTOMERS, OF FAI DEALING AND OF EQUITABLE PRINCIPLES OF TRADE; USE OF MANIPULATIVE, DECEPTIVE OR FRAUDULENT DEVICES OR CONTRIVANCES Damage Amount Requested: $240,000.00 Damages Granted: $387,000.00 Broker Comment: CLIENT SUBMITTED ARBITRATION TO FINRA ALLEGING UNSUITABLE INVESTMENTS AND UNAUTHORIZED TRADING. AMERICAN ALSO HAS ARBITRATION PENDING AGAINST [CUSTOMERS] AND INTENDS TO VIGOROUSLY DEFEND ALL CHARGES.#16 - BROKER IS RESPONSIBLE FOR THE PAYMENT OF THE ENTIRE AWARD.
Date: March 16, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGED UNAUTHORIZED MARGIN USE Damage Amount Requested: $50,000.00 Broker Comment: I FERVENTLY DENY THIS ALLEGATION AND FEEL THIS CUSTOMER COMPLAINED ONLY AFTER HIS PORTFOLIO CAME DOWN IN VALUE. ALL EVIDENCE INDICATES ALL TRADES WERE AUTHORIZED WHICH IS WHY THIS FIRM DENIED HIS COMPLAINT. I WAS ALSO SECOND IN CHARGE OF THIS ACCOUNT. AS A FORMER PARTNER OF MINE DID MOST OF THE TRADING AND HAD MOST OF THE DEALINGS WITH THIS CLIENT.
Date: February 07, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGED POOR PERFORMANCE IN STOCKS Damage Amount Requested: $56,000.00
Date: May 06, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED TRADE, BUT THE FIRM FOUND NO EVIDENCE OF SAME. Damage Amount Requested: $11,481.22 Broker Comment: PREVIOUS DRP WITH SETTLEMENT OF OVER $10,000 WAS IN ERROR.
Date: April 26, 2004 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING,FAILURE TO FOLLOW INSTUCTIONS Settlement Amount: $35,000.00 Broker Comment: I ADAMENTLY DENY ANY ALLEGATIONS CLAIMED BY CUSTOMER WHICH IN MY OPINION WERE UNTRUE AND MALICIOUS. ALL TRANSACTIONS WERE FULLY AUTHORIZED AND ALL INSTRUCTIONS FROM CLIENT WERE ALWAYS FOLLOWED AND THIS WAS PROVEN TO BE SUCH WITH PHONE RECORDS, NOTES, AND TESTIMONY. THIS WAS SETTLED IN MEDIATION INSTEAD OF GOING TO ARBITRATION IN ORDER TO AVOID ANY ADDITIONAL LEGAL/OTHER FEES WHICH WOULD HAVE BEEN GREATER THAN THIS SETTLEMENT.
Date: February 25, 2002 Category: Customer Dispute Allegations: ALLEGATIONS OF MISREPRESENTATION, ACTIVITY DATE 11/21/2001 Damage Amount Requested: $14,000.00
Date: February 02, 2001 Category: Customer Dispute Allegations: ALLEGATIONS OF SUITABILITY, ACTIVITY DATE 02/25/2000 Damage Amount Requested: $25,000.00 Settlement Amount: $9,999.00
Date: December 03, 1994 Category: Criminal Charges: PETIT LARCENY (CLASS "A" MISDEMEANOR) Disposition: CHARGES DISMISSED. Broker Comment: Not Provided
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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