MICHAEL JOSEPH FERBER is currently employed as a Broker and/or Investment Adviser at AEON CAPITAL INC located at 1715 HIGHWAY 35, SUITE 103, MIDDLETOWN,, NJ, 07748.
MICHAEL JOSEPH FERBER has worked at AEON CAPITAL INC since May 04, 2018
Disclosure History
MICHAEL JOSEPH FERBER has 1 Disclosure Event(s).
Date: April 11, 2013 Category: Employment Separation After Allegations Firm Name: GAR WOOD SECURITIES, LLC Termination Type: Permitted to Resign Allegations: REPRESENTATIVE DID NOT OBTAIN SPECIFIC WRITTEN AUTHORIZATION FROM A CUSTOMER PRIOR TO DISCRETION BEING UTILIZED NOR WAS SUCH DISCRETION APPROVED IN WRITING BY THE FIRM. Broker Comment: IN REGARDS TO MY PREVIOUS REGISTRATION WITH GARWOOD SECURITIES, THE FIRM PERMITTED ME TO RESIGN BASED UPON MY USE OF DISCRETIONARY TRADING OVER AN ACCOUNT IN WHICH THE DISCRETION WAS NOT AUTHORIZED IN WRITING. WHILE I DID NOT HAVE WRITTEN AUTHORIZATION, I DID HAVE CLIENT'S VERBAL AUTHORIZATION TO MONITOR AND TRADE THAT ACCOUNT. I'M FULLY AWARE NOW, THAT VERBAL DISCRETION VERIFIED BY THE CLIENT IS NOT ENOUGH TO TRADE THE ACCOUNT AND IT MUST BE SUBMITTED IN WRITING IN ORDER TO BE PROPERLY PROCESSED. ALTHOUGH SOME OF THE TRANSACTIONS ON THAT ACCOUNT WERE PRE-AUTHORIZED BY THE CLIENT.
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