An unclear claim that certain investments did not perform. Focused primarily on investments made with the clients former broker that is now retired. 2010 - 2020

$3,000,000.00

While it is required by FINRA that this item be posted on Mr. Appelbaum's Broker Check, the focus of this client's claim appears to be related to losses on investments purchased by the client and his father with his previous broker between 2010 and 2020, who has since retired. Mr. Appelbaum then began working with [REDACTED] in connection with his seven accounts. Mr. Appelbaum complied fully with the Firm's policies and procedures in connection with this client. Mr. Appelbaum was not named as a respondent in this complaint, and he is prepared to seek expungement of this matter from his record once the arbitration is complete.

Suitability of $75K Bank of America CD purchased in Oct. 2014, maturing 2030; & $240K Citibank CD purchased in Jan. 2014, maturing 2034 purchased for the partnership which is beneficially owned by an elderly husband & wife

$86,864.90

This long time client invested in two FDIC Insured CD's (Certificate of Deposits). $75,000 in a Bank of America FDIC CD in 2014 and $240,000 in a Citibank FDIC CD in 2014. The daughter of the client sent in a complaint regarding these FDIC insured CD's. This appears to be an investment product misunderstanding by the client's daughter. These investments were made in coordination with the actual client and in the best interest of the actual client. I vehemently deny any wrongdoing and will defend the integrity of these investments.

Charged with felony battery amended to misdemeanor.

Amended misdemeanor battery

MISDEMEANOR

Court Action: ADJUDICATION WITHHELD

Mr. Appelbaum was charged with intentionally touching or striking his father, Alan Appelbaum, during a family dispute. Mr. Appelbaum was charged with striking a person over 65 years of age or older under Florida Statutes.