John Francis Femiano of Holmdel New Jersey a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 supported by allegations that between January 31, 2017 and November 17, 2017, Femiano failed to abide by the customer’s instructions of entering a stop loss order on the customer’s equity holdings.
Such claims are generally frivolous particularly where the customer knows or should have known that stop loss orders, if even possible on “not held” non-exchange listed orders, are confirmed in writing by the broker-dealer, and also generally are shown as open orders on monthly customer statements. However, twenty-twenty vision, and the could have, would have, should have blue are always the the sharpest with the benefit of hindsight.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Femiano has been identified in three more customer initiated investment related disputes pertaining to accusations of Femiano’s violative conduct during the time that he was employed at Aegis Capital Corp. and J.P. Turner & Company LLC. In particular, on November 4, 2008, a customer filed an investment related complaint regarding Femiano’s conduct in which the customer sought at least $5,000.00 in damages founded on allegations that misstatements were made to the customer in regard to investments the customer purchased.
Thereafter, on January 28, 2013, a customer filed an investment related complaint involving Femiano’s activities where the customer requested $17,000.00 in damages based upon accusations that the customer had been deceived and provided false information with respect to the over-the-counter equities held in the customer’s investment portfolio. Further, a customer initiated investment related arbitration claim concerning Femiano’s activities was settled for $14,999.00 in damages supported by allegations that the customer’s transactions were induced by misrepresentations; the customer was given poor investment advice; fiduciary obligations were breached; and the customer was ultimately defrauded. FINRA Arbitration No. 17-00477 (Sept. 25, 2017).
Femiano has been registered with Aegis Capital Corp. since November 20, 2012.
