Carlo W. Corzine, of Boca Raton, Florida, a stockbroker with Dawson James Securities, Inc., has been named in a customer initiated investment related arbitration claim on June 22, 2016, in which the customer requested $60,000.00 in damages based upon allegations against Corzine of effecting unauthorized trades in the customer’s account, breaching his fiduciary duty, making misrepresentations to the customer pertaining to investments, charging the customer excessive commissions, and making investment recommendations which were not suitable for the customer.
On September 2, 2015, Corzine settled a customer initiated investment related arbitration claim for $30,000.00 based upon allegations of making misrepresentations to the customer concerning an investment in Tactical Air Defenses, Inc.
Corzine was previously suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he facilitated sales of securities that were not registered, in violation of Securities Act of 1933 Section 5 and FINRA Rule 2010. Apparently, Corzine effected in excess of 152,000,000 shares of securities which were thinly traded and sold over-the-counter. Corzine was found by FINRA to have failed to perform reasonable due diligence with regard to the aforementioned securities prior to effecting such sales.
Since 1989, Corzine has been associated with eleven different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
