John Edward Massa of Staten Island New York a stockbroker associated with Cetera Investment Services has been referenced in a customer initiated investment related arbitration claim which was settled for $20,000.00 in damages supported by allegations including (1) negligence (2) breach of fiduciary duty (3) breach of contract and (4) fraud in violation of Securities Exchange Act of 1934 Section 10(b) and SEC Rule 10b-5 in reference to real estate security transactions effected by Massa when he was employed by Cetera Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02207 (Nov. 25, 2019).
Massa has been referenced in five more customer initiated investment related disputes concerning accusations of his improprieties when the stockbroker was associated with Cetera Investment Services and Capital One Financial Advisors. FINRA Public Disclosure reveals that a customer filed an investment related complaint involving Massa’s conduct in which the customer requested $41,636.76 in damages based upon allegations that mutual funds transactions had been executed by the stockbroker without the customer’s knowledge or consent.
On October 17, 2018, a customer initiated investment related civil action concerning Massa that was brought in the Superior Court of New Jersey had been resolved for $7,610.96 in damages based upon accusations that misrepresentations were made to the customer about real estate securities during the period in which Massa was associated with Cetera Investment Services. Civil Action No. MID-L-1812-18. On July 23, 2019, a customer filed an investment related complaint involving Massa’s conduct in which the customer requested $75,000.00 in damages based upon allegations that the Cetera Investment Services customer was defrauded and that her funds were stolen.
Massa is also referenced in a customer initiated investment related complaint on October 11, 2019 where the customer sought $5,000.00 in damages founded on accusations of the customer being inappropriately placed into illiquid real estate securities by Massa while he was registered with Cetera Investment Services.
Massa’s employment with Cetera Investment Services was terminated on April 15, 2020.
