Rocco G. Guidicipietro, of New York, New York, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been subject to three customer initiated arbitration claims involving his misconduct. Particularly, on October 21, 2014, a customer initiated investment related arbitration claim involving Guidicipietro’s conduct was resolved for $60,000.00 in damages based upon allegations that Guidicipietro breached his fiduciary and contractual duties to the customer, effected unsuitable transactions, traded the customer’s investments without authorization, churned the customer’s account, and defrauded the customer.
On November 13, 2013, a customer initiated investment related arbitration claim involving Guidicipietro’s conduct was settled for $450,000.00 in damages based upon allegations including fraud, unsuitability, churning, and breach of fiduciary and contractual duties. On June 21, 2011, a customer initiated an investment related arbitration claim involving Guidicipietro’s conduct which settled for $635,000.00 in damages based upon allegations that J.P. Turner & Company LLC failed to supervise Guidicipietro’s activities.
Guidicipietro was also fined $113,035.00 and suspended by National Association of Securities Dealers (NASD) on December 20, 2006, after Guidicipietro consented to findings that he made misleading and false statements in connection with a private placement offering. Letter of Acceptance, Waiver and Consent, No. E072003011203 (Nov. 10, 2016).
According to the AWC, the offering memorandum which Guidicipietro utilized did not disclose that Guidicipietro would generate significant commissions in connection with effecting transactions for customers. Guidicipietro also reportedly made misrepresentations to customers concerning the offering’s risks, trading strategy and investment philosophy. NASD found that Guidicipietro’s conduct was violative of NASD Rule 2110.
Since 1994, Guidicipietro has been associated with nine different broker dealers, nine of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. Guidicipietro’s registration with J.P. Turner & Company, L.L.C. ended in September of 2010, at which point he became registered with Legend Securities, Inc. Since his registration with Legend Securities Inc. ended in February of 2012, he has been registered with Alexander Capital, L.P.
Guiliano Law Group
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