Joseph Dominick Quinzi of Staten Island New York a stockbroker formerly registered with First Standard Financial Company LLC has been suspended on March 31, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to confirm with FINRA whether he complied with FINRA Arbitration No. 16-00673 (Dec. 22, 2016) where Quinzi was ordered to pay the customer $46,500.00 in compensatory damages for (1) implementing an investment strategy that was not suitable for the customer (2) overconcentrating the customer’s assets and (3) churning the customer’s investment portfolio.
FINRA Public Disclosure reveals that Quinzi has been identified in six more customer initiated investment related disputes containing accusations of his misconduct while employed with Alexander Capital L.P. and Brookstone Securities, Inc. Particularly, on September 29, 2011, a customer filed an investment related complaint regarding Quinzi’s activities in which the customer requested more than $5,000.00 in damages based upon accusations including poor performance, suitability, excessive commissions and unauthorized trading relating to the customer’s mutual fund, stock and over-the-counter equities holdings.
On October 17, 2011, another customer filed an investment related complaint concerning Quinzi’s conduct where the customer requested $11,849.98 in damages supported by allegations of poor performance and churning. Further, on October 28, 2011, a customer initiated investment related complaint involving Quinzi’s activities was settled for $14,500.00 in damages founded on allegations that Quinzi churned the customer’s stock and over-the-counter equities portfolio.
Thereafter, a customer filed an investment related arbitration claim regarding Quinzi’s activities in which the customer sought $38,084.00 in damages based upon accusations that fiduciary duties owed to the customer had been breached, and over-the-counter equities trades had been effected in the customer’s account that were neither suitable for the customer nor authorized. FINRA Arbitration No. 16-02665 (Sept. 19, 2016).
Subsequently, a customer filed an investment related arbitration claim concerning Quinzi’s conduct where the customer requested $25,499.00 in damages supported by allegations of suitability and high-pressure sales tactics relating to over-the-counter equities and stock transactions placed in the customer’s account. FINRA Arbitration No. 17-03118 (Nov. 27, 2017). Three more customers collectively filed an investment related arbitration claim involving Quinzi’s activities in which the customers requested a total of $692,102.20 in damages founded on accusations that the customers were pressured to invest in equity products that were not suitable for them. FINRA Arbitration No. 18-00302 (Feb. 2, 2018).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, or other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
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.
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Customer Accuses LPL Financial Of Failure To Execute
Vivienne Karin Schleu of Coconut Creek Florida a stockbroker currently employed by LPL Financial LLC and investment advisor representative with National Wealth Management Group LLC is referenced in a customer initiated investment related written complaint on February 15, 2018 in which the National Wealth Management Group customer sought $49,000.00 in damages founded on allegations that the customer’s instructions were not followed concerning the liquidation of exchange traded funds from the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on February 7, 2018, an LPL Financial LLC customer filed an investment related complaint concerning Schleu’s activities where the customer requested $5,000.00 in damages supported by accusations that unsuitable investment recommendations had been made to the customer and investment related facts had been misrepresented.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, or other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
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.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
