Joseph Sylvester Sturniolo of Denver Colorado a stockbroker formerly registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon accusations that Sturniolo provided unsuitable recommendations to the customer as it pertained to a real estate security, direct investment and variable annuity when Sturniolo was associated with Geneos Wealth Management. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02865 (Sept. 24, 2020).

Sturniolo has been identified in three customer initiated investment related disputes containing allegations of his harmful conduct when employed by First Allied Securities and Geneos Wealth Management. FINRA Public Disclosure reveals that a customer filed an investment related complaint regarding Sturniolo’s activities where the customer sought $50,000.00 in damages founded on accusations that transactions executed in the customer’s account were not suitable and that Sturniolo breached a fiduciary duty to the customer in reference to their mutual fund purchases when Sturniolo was associated with First Allied Securities.

Sturniolo is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $675,000.00 in damages supported by allegations that negligence resulted in the customer’s losses on over-the-counter equities transactions. According to the claim, the customer had been placed into unsuitable investments. The claim also alleges that Sturniolo breached a fiduciary duty at First Allied Securities.

Another customer filed an investment related complaint involving Sturniolo’s activities in which the customer requested $70,000.00 in damages based upon allegations that the customer’s 1035 exchange was not suitable.

Sturniolo has been registered with Geneos Wealth Management Inc. since January 3, 2006. He has been associated with Sturniolo Joseph S. Associates Inc. as an investment adviser representative since January 1, 1999.

Tags: ,

Comments are closed.