Joseph Michael Fedorko Jr. of Greenwich Connecticut a stockbroker currently registered with Laidlaw Company is the subject of a customer initiated investment related arbitration claim where the customer sought $342,000.00 in damages based upon accusations that between 2012 and 2017: (1) unauthorized common and preferred stock and over-the-counter equities trades were executed in the customer’s account (2) trades failed to be suitable for the customer and (3) the customer’s account was churned generating unwarranted losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01736 (May 15, 2018).
FINRA Public Disclosure reveals that Fedorko has been identified in sixteen additional customer initiated investment related disputes containing allegations of his misconduct during the time that he was employed by securities broker dealers including Oppenheimer. A customer initiated investment related arbitration claim concerning Fedorko’s activities has been settled for $400,000.00 in damages supported by accusations that margin was inappropriately used to effect over-the-counter equities trades; transactions executed in the customer’s account were in no way suitable for the customer; and trades were placed on an excessive basis.
An additional customer initiated investment related arbitration claim in regard to Fedorko’s conduct was resolved for $490,000.00 in damages founded on allegations that unsuitable and excessive stock and over-the-counter equities trades had been made in the customer’s investment portfolio. Fedorko is referenced in a customer initiated investment related arbitration claim which was settled for $120,000.00 in damages based upon accusations that closed end fund and stock trades placed in customer’s account were handled in a negligent manner; and contractual and fiduciary obligations to the customer had been violated.
Another customer initiated investment related arbitration claim involving Fedorko’s activities was resolved for $120,000.00 in damages supported by allegations that during the period in which Fedorko was associated with Laidlaw Company, Fedorko breached his contractual obligations to the customer; violated a fiduciary duty; and negligently transacted in the customer’s account causing the customer to incur undue losses on corporate debt holdings. A different customer initiated investment related arbitration claim concerning Fedorko’s conduct has been settled for $120,000.00 in damages founded on accusations that a bad investment strategy was utilized for the customer’s investment account which resulted in the customer suffering unjustified losses.
Fedorko is also the subject of a customer initiated investment related arbitration claim which was resolved for $23,000.00 based upon allegations that the customer sustained losses from inappropriate oil and gas investments selected for the customer’s account when Fedorko was associated with Laidlaw Company. FINRA Arbitration No. 16-02166 (Dec. 28, 2016).
Fedorko has been registered with Laidlaw Company since June 1, 2009.
