Allan Montalbano, of Westbury, New York, a stockbroker formerly registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim, which settled on March 31, 2017, for $15,000.00 in damages based upon allegations that Montalbano breached his contractual duties, made misrepresentations to the customer, breached his fiduciary obligations, and violated Iowa Uniform Securities Act.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that between March 7, 2016, and June 20, 2016, Montalbano was identified in five additional customer initiated investment disputes, in which customers collectively requested $1,800,000.00 in damages based upon allegations including misrepresentation, negligence, and breach of fiduciary duty regarding over-the-counter equity transactions effected in customers’ accounts.
Montalbano’s registration with National Securities Corporation was terminated on June 16, 2014. From June 1, 2015, to January 19, 2017, he was associated with Worden Capital Management LLC.
Guiliano Law Group
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