James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $467,000.00 in damages supported by accusations that (1) fiduciary duties failed to be complied with and (2) real estate security transactions executed in the customer’s account were inappropriate for the customer during the time that Mariani was associated with National Securities Corp. FINRA Arbitration No. 18-04200 (Dec. 7, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Mariani is referenced in six more customer initiated investment related disputes containing allegations of his violative conduct during the period in which he was employed by securities broker dealers including National Securities Corporation, Josephthal Co., Fahnstock Co. and First Montauk Securities Corp. Specifically, a customer initiated investment related arbitration claim involving Mariani’s conduct was settled for $36,000.00 in damages based upon allegations of unauthorized mutual fund trading; improper use of margin; and churning of the customer’s account. Mariani is referenced in a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages founded on accusations including breach of contract, negligence, fraud, and breach of fiduciary duty relating to a private placement effected by Mariani when he was associated with First Montauk.
Another customer initiated investment related arbitration claim in regard to Mariani’s activities was resolved for $150,000.00 in damages based upon allegations that transactions executed in the customer’s account failed to be suitable; transactions had been negligently administered; contractual obligations were breached; unauthorized over-the-counter equities trades were effected in the customer’s account; and the customer was defrauded. Mariani is also the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that when Mariani was employed by National Securities Corporation, a private placement was inappropriately recommended to the customer.
Also, a customer initiated investment related arbitration claim involving Mariani’s conduct was settled for $135,000.00 in damages on June 3, 2019 founded on allegations of the customer’s account being mishandled; fiduciary obligations being violated; and the customer being placed into bad alternative investments during the time that Mariani was associated with National Securities Corporation. FINRA Arbitration No. 18-01146 (June 3, 2019).
Mariani’s employment with National Securities Corporation ceased September 29, 2017. Since September 6, 2017, he has been employed by Aegis Capital Corp.
