Anthony Tricarico of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Tricarico made unsuitable recommendations of investments when Tricarico was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00273 (May 31, 2022).
FINRA Public Disclosure shows that Tricarico has been fined $5,000.00 and suspended for six months from associating with any FINRA member in any capacity because Tricarico engaged in excessive trading. Letter of Acceptance, Waiver, and Consent No. 2016051704304 (January 22, 2021).
According to the AWC, between November 2014 and November 2015, during the time that he was associated with Aegis Capital Corp., Tricarico engaged in excessive and unsuitable trading in the accounts of three customers. This resulted in annualized cost-to-equity ratios ranging from 91.48 percent to 161.7 percent, and turnover rates ranging from 17.73 to 46.58. The customers sustained a collective $42,436.00 in losses. Therefore, Tricarico violated FINRA Rules 2010 and 2111.
Tricarico was associated with Aegis Capital Corp. in New York, NY, as a stockbroker from March of 2010 to July of 2020.
Eleven of the prior twelve firms that he has been associated with have been expelled from FINRA or are otherwise defunct, including Investors Associates, Bluestone Capital, Blinder Robinson & Co., each of which were expelled or terminated from NASD Membership for the violation of self-regulatory rules or the federal securities laws. Tricarico has also been a party to numerous, customer initiated investment related complaints for fraud, and has been the subject of at least two (2) regulatory proceedings, for fraud, “dishonest practices,” and unauthorized trading one of which appears to have been expunged as part of a settlement.
