Anthony Vultaggio Jr. of East Meadow New York a stockbroker formerly employed by American Capital Partners LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages based upon accusations that the customer had been sold a bad private placement offering through Vultaggio during the time that he was associated with American Capital Partners LLC. FINRA Arbitration No. 19-02392 (Aug. 27, 2019).
FINRA Public Disclosure additionally confirms that Vultaggio has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he obstructed a FINRA investigation into his activities; conduct violative of FINRA Rules 2010 and 8210. Letter of Acceptance Waiver and Consent No. 2017054945301 (Sept. 11, 2017).
According to the AWC, Vultaggio’s activities were examined by FINRA when he was employed by American Capital Partners. That investigation specifically concerned Vultaggio’s possible unapproved offering of securities through outside channels. The AWC stated that American Capital Partners was not provided any information from Vultaggio in regard to his involvement in a private securities offering or any outside business that the stockbroker allegedly engaged in.
Vultaggio received a letter from FINRA which called upon him to provide recorded testimony. The stockbroker confirmed with FINRA that its request was received but that he would at no point cooperate in its investigation, hampering the regulator’s ability to determine if he engaged in outside business activities or private securities transactions in violation of FINRA rules. FINRA determined that Vultaggio’s failure to cooperate in the investigation constituted the violation of FINRA Rules 2010 and 8210.
Vultaggio’s employment with American Capital Partners has been terminated as of March 30, 2017.
