Sign of the Financial Industry Regulatory Authority

Curt Giacobbe of Melville New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon accusations that Giacobbe failed to cooperate with FINRA’s request for information. Case No. 2020065067201 (November 6, 2020).

FINRA Public Disclosure shows that Giacobbe was asked for information in 2020 but did not respond to the regulator. On August 3, 2020, Giacobbe received a Notice of Suspension. On August 27, 2020, he received a Suspension from Association letter. Giacobbe was warned that his failure to request a termination of his suspension by November 5, 2020, would result in him being barred as a stockbroker. Giacobbe did not put forth a response by the deadline.

Giacobbe has been identified in three customer initiated investment related disputes containing allegations of his misconduct. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Giacobbe’s activities in which they requested $75,000.00 in damages supported by accusations that Giacobbe provided unsuitable investment advice to them about the mutual funds and annuities that they purchased through Giacobbe at MetLife.

On August 25, 2016, another customer filed an investment related complaint involving Giacobbe’s conduct where they sought compensatory damages based on allegations that Giacobbe made misrepresentations to them regarding variable annuity products while he was registered with MML Investors Services.

Giacobbe is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages founded upon accusations of them being placed into unsuitable mutual funds by Giacobbe during the time that he was associated with MML Investors Services. FINRA Arbitration No. 21-01896 (July 27, 2021). The claim alleges unsuitable investment advice as those mutual funds were not consistent with the customer’s tolerance for risk.

Giacobbe voluntarily resigned from Massachusetts Mutual Life Insurance Company on December 16, 2019, supported by allegations that Giacobbe engaged in an undisclosed outside business activity.