Rocco James Lavista, of Holmdel, New Jersey, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint on February 4, 2016, in which the customer sought $204,136.14 in damages based upon allegations that Lavista made misrepresentations to the customer, breached his fiduciary duties, and negligently handled the customer’s investment account regarding equity investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on April 4, 2017, a customer initiated investment related arbitration claim involving Lavista’s conduct was settled for $466,606.06 in damages based upon allegations of churning, suitability, unauthorized trading, and unsuitable investment recommendations over-the-counter equities, exchange trades notes and exchange traded funds.
Lavista has been registered with twelve broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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