Biaggio Anthony Caroleo (also known as Blaise Anthony Caroleo), of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $264,475.00 in damages based upon allegations that Caroleo was negligent, engaged in unauthorized trading, charged excessive commissions, and made unsuitable recommendations of stocks and over-the-counter equities when Caroleo was associated with SW Financial. FINRA Arbitration No. 22-02586 (March 3, 2023).
This is not the first time that Caroleo has been referenced in a customer initiated investment related dispute concerning Caroleo’s conduct in the securities industry. FINRA Public Disclosure shows that Caroleo is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $210,180.83 in damages based upon allegations that Caroleo committed fraud, breached a contract, was negligent, made unsuitable recommendations, engaged in unauthorized trading, and churned accounts in connection with the sale of stocks and over-the-counter equities during the time that Caroleo was associated with Worden Capital Management LLC. FINRA Arbitration No. 22-00347 (March 21, 2022).
On November 19, 2020, a customer filed an investment related FINRA securities arbitration claim involving Caroleo’s conduct in which the customer requested $411,740.00 in damages based upon allegations that Caroleo made omissions and misrepresentations of material fact, breached a contract, breached his fiduciary duties, engaged in unsuitable trading, and churned accounts in connection with the sale of equities and stocks during the time that Caroleo was associated with Worden Capital Management LLC. FINRA Arbitration No. 20-00801.
Caroleo was associated with SW Financial as a stockbroker from December 10, 2019, to May 10, 2022. Since December 4, 2006, he has been associated with six different broker dealers, four of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
