Richard Anthony Barone, of Cleveland, Ohio, a stockbroker currently registered with America Northcoast Securities, Inc., has been named in a customer initiated investment related arbitration claim on May 17, 2017, in which the customer requested $250,000.00 in damages based upon allegations against Barone including failure to supervise, unauthorized trading, unsuitability, breach of fiduciary duty and negligence in regard to leveraged exchange traded funds that were effected in the customer’s account between 2015 and 2016.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Barone has been identified in five more customer initiated investment related disputes between August 1, 2016, and April 25, 2017, wherein customers collectively requested $1,872,000.00 in damages based upon allegations that Barone, from 2015 to 2016, negligently managed and supervised the customers’ investment accounts, placed trades in the customers’ accounts without authorization, effected unsuitable leveraged exchanged traded fund transactions, breached fiduciary and contractual obligations to the customers, violated FINRA Rules, and committed fraud in regard to transactions effected in the customers’ investment portfolios.
Guiliano Law Group
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