Peter N. Girgis, of Staten Island, New York, a stockbroker formerly registered with Joseph Gunnar & Co., LLC, has been named in a customer initiated investment related arbitration claim on May 5, 2016, in which the customer requested $687,000.00 in damages based upon allegations that Girgis misappropriated funds from the customer, effected unauthorized and unsuitable transactions in the customer’s account, breached his contractual duties, and made misrepresentations to the customer concerning equity investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Girgis has been identified in four additional customer initiated investment related disputes containing allegations of his misconduct while employed with Joseph Gunnar & Co., LLC, J.P. Turner & Company LLC, and Brookstone Securities, Inc. Specifically, on April 2, 2008, a customer filed an investment related written complaint involving Girgis’ conduct, in which the customer requested $16,512.80 in damages based upon allegations that he effected over-the-counter equity trades in the customer’s account without authorization.
Subsequently, on March 18, 2010, a customer initiated investment related written complaint regarding Girgis’ activities was resolved for $75,000.00 in damages based upon allegations that Girgis made misrepresentations to the customer concerning over-the-counter equity investments, defrauded the customer, and effected unsuitable, unauthorized and excessive transactions in the customer’s account. Further, on May 26, 2016, a customer initiated investment related arbitration claim involving Girgis’ conduct was settled for $9,999.00 in damages based upon allegations including misrepresentation, unsuitability, churning, breach of contract, and fraud in reference to the customer’s stock transactions.
FINRA Public Disclosure further reveals that Girgis has been identified in two regulatory actions in reference to his misconduct. Specifically, Girgis has been fined $5,000.00 and suspended from associating with any FINRA member in any capacity based upon consenting to findings that he failed to disclose unsatisfied liens and judgments. Letter of Acceptance, Waiver and Consent, No. 2011029919602 (Apr. 24, 2013). FINRA found Girgis’ conduct to be violative of FINRA Rules 2010 and 1122. Girgis was later fined and suspended by FINRA for disclosing confidential customer account documentation to unauthorized persons. Letter of Acceptance, Waiver and Consent, No. 2013037123901 (Oct. 23, 2014).
Girgis was terminated by Joseph Gunnar & Co., LLC on June 7, 2013, based upon allegations referenced in FINRA’s disciplinary actions against him. On November 4, 2016, Girgis became registered with Worden Capital Management LLC. Since July 25, 2002, he has been associated with seven different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
Guiliano Law Group
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