STEPHEN MARC SILVER · 2020. 12. 5. · STEPHEN M. SILVER CRD# 5941173 This broker is not currently...

BrokerCheck Report

STEPHEN MARC SILVER

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 5941173

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2 - 3

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6

Page(s)

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About BrokerCheck®

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STEPHEN M. SILVER

CRD# 5941173

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2



This broker has passed:

0 Principal/Supervisory Exams

3 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with thefollowing securities firm(s):

JETT CAPITAL ADVISORS, LLCCRD# 169127New York, NY03/2014 - 02/2016

B

FAIRFAX SECURITIES CORPORATIONCRD# 37967NEW YORK, NY09/2013 - 05/2014

B

CASIMIR CAPITAL L.P.CRD# 105061GREENWICH, CT09/2011 - 07/2013

B

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1�2021 FINRA. All rights reserved. Report about STEPHEN M. SILVER.

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Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.



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Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 3 general industry/product exams, and 1 state securities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 02/09/2016SIEB

General Securities Representative Examination 11/29/2012Series 7B

Investment Banking Registered Representative Examination 09/09/2011Series 79B

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 04/25/2014Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.


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Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.




Registration and Employment History

Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 03/2014 - 02/2016 JETT CAPITAL ADVISORS, LLC 169127 New York, NY

B 09/2013 - 05/2014 FAIRFAX SECURITIES CORPORATION 37967 NEW YORK, NY

B 09/2011 - 07/2013 CASIMIR CAPITAL L.P. 105061 GREENWICH, CT

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

09/2013 - 02/2016 JETT CAPITAL ADVISORS REGISTEREDREPRESENTATIVE

Y NEW YORK, NY, UnitedStates

08/2013 - 03/2014 FAIRFAX SECURITIES CORPORATION REGISTEREDREPRESENTATIVE

Y AUTSIN, TX, United States

06/2011 - 07/2013 CASIMIR CAPITAL L.P. INVESTMENTBANKING

Y NEW YORK, NY, UnitedStates

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

LTL CAPITAL PTY LTD.

STEPHEN SILVER IS THE SOLE DIRECTOR OF LTL CAPITAL. ENTITY SET UP FOR EQUITY TRADING ONLY. NO TIME WILL BEDEDICATED TO THIS BUSINESS DURING WORK HOURS.

ESTABLISHED 12/14/2010.




Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 2 0




Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought:

Date Initiated: 12/21/2016

Docket/Case Number: 2015047130101

Employing firm when activityoccurred which led to theregulatory action:

Jett Capital Advisors LLC

Product Type: Other: Unspecified securities

Allegations: Without admitting or denying the findings Silver consented to the sanctions and tothe entry of findings that he failed to disclose that he opened two outside securitiesaccounts at an Australian broker-dealer in the names of two investment entitiesthat he controlled and deposited and sold securities in those accounts and apreviously disclosed securities account. The findings stated that Silver mademisrepresentations to his member firm concerning the amount of compensation hewas to receive from his participation in a private securities transaction and thesales activity of securities in his outside accounts.

Current Status: Final

Resolution: Acceptance, Waiver & Consent(AWC)

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?


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Resolution Date: 12/21/2016

Sanctions Ordered:


No

Civil and Administrative Penalty(ies)/Fine(s)Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or





(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: any capacity

Duration: five months

Start Date: 01/03/2017

End Date: 06/02/2017

Sanction 1 of 1

Sanction Type: Suspension




Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $25,000.00

Portion Levied againstindividual:

$25,000.00

Date Paid by individual:

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan: Deferred

Is Payment Plan Current:

iReporting Source: Firm


FINRA

Sanction(s) Sought:




Jett Capital Advisors LLC

Product Type: Other: unspecified securities

Allegations: Without admitting or denying the findings Silver consented to the sanctions and tothe entry of findings that he failed to disclose that he opened two outside securitiesaccounts at an Australian broker-dealerin the names of two investment entities that he controlled and deposited and soldsecurities in those accounts and a previously disclosed securities account. Thefindings stated that Silver made misrepresentations to his member firm concerningthe amount of compensation he was to receive from his participation in a privatesecurities transaction and the sales activity of securities in his outsideaccounts.


Resolution:




Resolution: Acceptance, Waiver & Consent(AWC)


Sanctions Ordered: Civil and Administrative Penalty(ies)/Fine(s)Suspension


No








Capacities Affected: any capacity

Duration: five month


End Date: 06/02/2017

Sanction 1 of 1








$25,000.00



No

Amount Waived:


Payment Plan: Deferred


Disclosure 2 of 2

i

Reporting Source: Regulator


FINRA

Sanction(s) Sought: Other: N/A




CASIMIR CAPITAL L.P.

Product Type: Other: PRIVATE SECURITIES TRANSACTIONS

Allegations: SILVER WAS NAMED A RESPONDENT IN A FINRA COMPLAINT ALLEGINGTHAT HE FAILED TO PROVIDE WRITTEN OR ANY OTHER NOTIFICATION OFHIS PARTICIPATION IN A PRIVATE SECURITIES TRANSACTION TO HISMEMBER FIRM. THE COMPLAINT ALLEGES THAT SILVER PARTICIPATED INTWO PRIVATE SECURITIES TRANSACTIONS FOR WHICH HE RECEIVEDCOMPENSATION BY FACILITATING THE SALE OF SHARES FROM ONECOMPANY TO ANOTHER.


Resolution: Decision & Order of Offer of Settlement






Sanctions Ordered:


No

Civil and Administrative Penalty(ies)/Fine(s)DisgorgementSuspensionOther: plus interest on disgorgement


No








Capacities Affected: Any capacity

Duration: six months


End Date: 11/15/2016

Sanction 1 of 1





Regulator Statement Without admitting or denying the allegations, Silver consented to the sanctions andto the entry of findings that he failed to provide written or any other notification ofhis participation in private securities transactions to his member firm at any time.The findings stated that the gross proceeds of these transactions exceeded $6million, and Silver received compensation in the amount of $200,000 for hisparticipation. Silver participated in the private securities transactions by facilitatingthe sale of shares of an Australian gold mining company to a Singapore-basedgold company.

Monetary Related Sanction: Disgorgement



$40,000.00



No

Amount Waived:


Payment Plan: Deferred / plus interest





$10,000.00



No

Amount Waived:


Payment Plan: deferred


iReporting Source: Firm





FINRA







Allegations: SILVER WAS NAMED A RESPONDENT IN A FINRA COMPLAINT ALLEGINGTHAT HE FAILED TO PROVIDE WRITTEN OR ANY OTHER NOTIFICATION OFHIS PARTICIPATION IN A PRIVATE SECURITIES TRANSACTION TO HISMEMBER FIRM. THE COMPLAINT ALLEGES THAT SILVER PARTICIPATED INTWO PRIVATE SECURITIES TRANSACTIONS FOR WHICH HE RECEIVEDCOMPENSATION BY FACILITATING THE SALE OF SHARES FROM ONECOMPANY TO ANOTHER.


Resolution: Decision & Order of Offer of Settlement


Sanctions Ordered: Civil and Administrative Penalty(ies)/Fine(s)DisgorgementSuspensionOther: plus interest on disgorgement


No





Firm Statement Without admitting or denying the allegations, Silver consented to the sanctions andto the entry of findings that he failed to provide written or any other notification ofhis participation in private securities transactions to his member firm at any time.The findings stated that the gross proceeds of these transactions exceeded $6million, and Silver received compensation in the amount of $200,000 for hisparticipation. Silver participated in the private securities transactions by facilitatingthe sale of shares of an Australian gold mining company to a Singapore-basedgold company.


Capacities Affected: Any capacity

Duration: six months


End Date: 11/15/2016

Sanction 1 of 1


Monetary Related Sanction: Disgorgement



$40,000.00



No

Amount Waived:


Payment Plan: Deferred / plus interest





Firm Statement Without admitting or denying the allegations, Silver consented to the sanctions andto the entry of findings that he failed to provide written or any other notification ofhis participation in private securities transactions to his member firm at any time.The findings stated that the gross proceeds of these transactions exceeded $6million, and Silver received compensation in the amount of $200,000 for hisparticipation. Silver participated in the private securities transactions by facilitatingthe sale of shares of an Australian gold mining company to a Singapore-basedgold company.

iReporting Source: Broker


FINRA







Allegations: SILVER WAS NAMED A RESPONDENT IN A FINRA COMPLAINT ALLEGINGTHAT HE FAILED TO PROVIDE WRITTEN OR ANY OTHER NOTIFICATION OFHIS PARTICIPATION IN A PRIVATE SECURITIES TRANSACTION TO HISMEMBER FIRM. THE COMPLAINT ALLEGES THAT SILVER PARTICIPATED INTWO PRIVATE SECURITIES TRANSACTIONS FOR WHICH HE RECEIVEDCOMPENSATION BY FACILITATING THE SALE OF SHARES FROM ONECOMPANY TO ANOTHER. FINRA ALLEGED THE ACTIVITY OCCURREDDURING APRIL AND MAY 2013.

Current Status: Pending




End of Report

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Report SummaryBroker QualificationsRegistration and Employment HistoryDisclosure EventsDisclosure InformationRegulatory - FinalDisclosure #1Disclosure #2

STEPHEN MARC SILVER · 2020. 12. 5. · STEPHEN M. SILVER CRD# 5941173 This broker is not currently...

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