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NP

Nelson D. Polite

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CRD#: 2698001
NP

Professional summary


Nelson Daniel Polite JR was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Nelson is a previously registered financial professional and started their career in finance in 1996. Prior to being barred, Nelson had worked at 5 firms, which includes SUMMIT TRADING INC., ADVANTAGE SECURITIES, INSIGHT SECURITIES & TRADING INC., PROGRESSIVE EQUITIES MANAGEMENT LLC, BLOCK TRADING INC..

top-8-questions

Question & Answer


Are you a "fiduciary"?
No

Aliases


Nelson Polite

Other business activities


Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner


CRS (Client Relationship Summary)


The CRS(Customer Relationship Summary) document is not provided.

Certified licenses


Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience


Past

April 26, 1999 - December 17, 1999

SUMMIT TRADING, INC.

BD
CRD#: 43160
HOUSTON, TX
Past

August 27, 1998 - May 21, 1999

ADVANTAGE SECURITIES

BD
CRD#: 42879
HOUSTON, TX
Past

December 2, 1997 - May 19, 1998

INSIGHT SECURITIES & TRADING, INC.

BD
CRD#: 42221
Past

June 9, 1997 - October 16, 1997

PROGRESSIVE EQUITIES MANAGEMENT, LLC

BD
CRD#: 41205
Past

April 2, 1996 - July 19, 1996

BLOCK TRADING INC.

BD
CRD#: 36666
HOUSTON, TX

State Registrations and Notice Filings


Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams


State Security Law Exam
RR
Series 63
Date: 7/12/1996
Uniform Securities Agent State Law Examination
General Industry/Product Exam
Principal/Supervisory Exam

Current Firm


ST
SUMMIT TRADING, INC.
STERLING FIRST SECURITIES, INC. | SUMMIT TRADING, INC.

CRD#: 43160 / SEC#: , 8-50149

BD
Terminated by SEC on 02/16/2002
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Contact information


Main Address
Mailing Address
Phone number
Established
Texas since 06/12/1997
Firm type
Corporation
Fiscal year end
December
# of Employees

Documents


Direct owners and executive officers


NamePositionCRD#
SUMMIT TRADING SERVICESSHAREHOLDER
SLOVAK, SUSAN GAILFINOP4079488
STLEGER, JAMES GEOFFREYSROP/CROP2671578
SUNSHINE, WILLIAM NEALPRESIDENT1739205
VAN PELT, NORMAN DEESECRETARY/TREASURER

Disclosures


Regulatory Event3

Red Flags


Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information


SUMMIT TRADING, INC.

CRD#: 43160

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