Robert Michael Gianchiglia, of Worcester, Massachusetts, a stockbroker formerly registered with Ameritas Investment Corp., has been named in a customer initiated investment related arbitration claim on March 28, 2017, wherein the customer requested $225,000.00 in damages based upon allegations that Gianchiglia effected unauthorized trades in the customer’s account, made misrepresentations to the customer, breached his contractual and fiduciary obligations, and negligently handled the customer’s investment portfolio comprised of direct investment products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Gianchiglia has been identified in four additional customer initiated investment related disputes containing allegations of his misconduct while he was employed with Investors Capital Corp., Ameritas Investment Corp., and New England Securities. Particularly, on December 28, 2003, a customer initiated investment related written complaint involving his conduct was settled for $116,569.00 in damages based upon allegations that Gianchiglia made misstatements concerning an annuity purchased by the customer, failed to deliver a prospectus for a variable annuity, and encouraged the customer to sign documents to effect the purchase without the customer having completed the forms beforehand.
Subsequently, on April 15, 2013, a customer filed an investment related written complaint involving Gianchiglia’s conduct, wherein the customer requested $1,617,800.00 in damages based upon allegations that Gianchiglia made misrepresentations to the customer concerning a variable annuity product purchased by the customer. Then, on November 10, 2014, another a customer filed an investment related written complaint regarding Gianchiglia’s activities, in which the customer requested $105,000.00 in damages based upon allegations that Gianchiglia made investment misrepresentations to the customer, and effected oil & gas and direct investment transactions in the customer’s account that were not suitable for the customer.
Moreover, on November 17, 2015, a customer initiated investment related arbitration claim involving Gianchiglia’s conduct was settled for $14,995.00 in damages based upon allegations against Gianchiglia including breach of fiduciary duty, breach of contract, negligent management, misrepresentation and unsuitability concerning limited partnership or direct participation program interests.
Gianchiglia’s registration with Ameritas Investment Corp. was terminated on May 17, 2017. Since April 18, 2017, he has been associated with UBS Financial Services Corporation.
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