Matthew Digregorio, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., was subject to a customer initiated investment related arbitration claim on April 28, 2016, in which the customer was awarded $50,000.00 in damages based upon allegations against Digregorio of churning the customer’s account, effecting unsuitable transactions, and breaching his fiduciary duty.
FINRA Public Disclosure reveals that Digregorio has been subject to six additional customer arbitrations. Particularly, on November 29, 2006, Digregorio was subject to a customer initiated investment related arbitration claim in which the customer requested $11,000.00 in damages based upon allegations that Digregorio effected trades in the customer’s account without authorization.
On February 4, 2007, Digregorio became subject to another customer initiated investment related arbitration claim, in which the customer requested $20,628.03 in damages based upon allegations that Digregorio excessively traded in the customer’s account. On March 2, 2007, Digregorio became subject to a customer initiated investment related arbitration claim, in which the customer requested $18,985.28 in damages based upon allegations that Digregorio made unsuitable investment recommendations, and effected excessive and unauthorized trades in the customer’s account.
On March 3, 2008, Digregorio was subject to another customer initiated investment related arbitration claim in which the customer requested $25,000.00 in damages based upon allegations against Digregorio of effecting trades without authorization. On July 2, 2009, Digregorio settled a customer initiated investment related arbitration claim for $24,400.00 in damages based upon allegations against Digregorio of effecting unsuitable transactions in the customer’s account.
Digregorio has also been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Digregorio failed to honor an arbitration award, and failed to comply with an arbitration panel order to produce documents. Department of Enforcement v. Matthew Digregorio, No. 2015045909501 (June 7, 2016). FINRA alleged in the Complaint that Digregorio’s conduct was violative of FINRA Rules 2010 and IM-13000(c). Another arbitration award was entered against Digregorio l;ast week.
Since 1994, Digregorio has been associated with eighteen different broker dealers, fourteen of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach.
Guiliano Law Group
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