James J. Mariani, of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $291,100.00 in damages founded on accusations that Mariani provided unsuitable investment recommendations to the customer to purchase non traded real estate securites while Mariani was associated with National Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02433 (November 12, 2021).
FINRA Public Disclosure shows that Mariani has been identified in eight more customer initiated investment related disputes containing allegations of his harmful activities when he was employed by National Securities Corp, Josephthal Co. Inc., and Fahnestock Co. Inc. On June 3, 2019, a customer initiated investment related arbitration claim involving Mariani’s conduct was settled for $135,000.00 in damages based upon accusations of unsuitable trading of alternative investments while Mariani was employed by National Securities Corp. FINRA Arbitration No. 18-01146. The claim also contains allegations of negligence and breach of fiduciary duty resulting in damages.
Mariani is also the subject of a customer initiated investment related arbitration claim that was settled for $67,500.00 in damages founded on accusations of breach of fiduciary duty and unsuitable trading at National Securities Corp. FINRA Arbitration No. 18-04200 (April 13, 2020). On July 7, 2021, another customer filed an investment related arbitration claim regarding Mariani’s activities in which the customer requested compensatory damages supported by allegations of an unsuitable private placement during the time that Mariani was registered with National Securities Corporation. FINRA Arbitration No. 21-01509.
Mariani is identified in a different customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations of Mariani placing the customer in an unsuitable investment strategy concerning the purchase of real estate securities and private placements, including PIPES. FINRA Arbitration No. 21-02241.
On October 18, 2021, another customer filed an investment related complaint involving Mariani’s conduct in which the customer requested compensatory damages based upon allegations that an illiquid REIT was sold to the customer when Mariani was associated with National Securities Corporation. Mariani is also the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages founded on accusations of unsuitable recommendations by Mariani at National Securities Corporation regarding real estate security products. FINRA Arbitration No. 21-02197 (October 18, 2021).
Mariani’s registration at National Securities Corporation was terminated on September 29, 2017. Between September 6, 2017, and September 10, 2021, Mariani was employed by Aegis Capital Corp.
