Christopher Cervino, of Edison, New Jersey, a stockbroker with COR Clearing LLC, is subject to a pending customer dispute in which a customer has requested $778,119.00 in damages in connection with allegations against Cervino of perpetrating a fraud involving the sale of valueless securities to customers.
FINRA Public Disclosure records reveal that Cervino is also subject to another pending customer dispute from September 29, 2015, in which he was alleged by the customer to have failed to properly supervise and administer accounts which involved VGTEL stock promotions to the customer’s investors.
On January 7, 2016, Cervino was terminated from Primary Capital, LLC after the firm discovered that Cervino was charged with perjury, wire fraud, and securities fraud. Cervino was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after FINRA found that he failed to cooperate in a request by FINRA for information to be provided in connection with his alleged misconduct.
Guiliano Law Group
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