John S. Cangialosi, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been subject to a customer initiated investment related arbitration claim from November 20, 2015, which was settled for $9,999.00 in damages based upon allegations that Cangialosi made misrepresentations to the customer concerning investments, effected unsuitable investments in the customer’s account, breached his contractual obligations, and committed fraud.
FINRA Public Disclosure reveals that Cangialosi has been subject to nine additional events concerning alleged misconduct. Particularly, on January 17, 2009, a customer initiated investment related arbitration claim involving Cangialosi’s actions was settled for $67,832.50 in damages based upon allegations that Cangialosi effected trades in the customer’s account without requisite authorization.
Additionally, on February 6, 2009, Cangialosi was terminated from his former employer, J.P. Turner & Company, LLC, based upon the firm’s allegations that Cangialosi engaged in trading on an unauthorized basis. On November 28, 2011, another customer initiated an investment related arbitration claim involving Cangialosi’s conduct, in which the customer requested $37,243.00 in damages based upon allegations that Cangialosi charged the customer with commissions which were excessive, and effected trades in the customer’s account without authorization.
Subsequently, on August 13, 2012, a customer filed an investment related arbitration action involving Cangialosi’s conduct, based upon allegations that Cangialosi effected an unsuitable trade in the customer’s investment account. On February 20, 2015, another customer initiated investment related arbitration claim involving Cangialosi’s actions was settled for $50,000.00 in damages based upon allegations that Cangialosi breached his contractual and fiduciary duties to the customer, and committed fraud.
Since 2001, Cangialosi has been associated with six different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach
Brian K. Decker, of Staten Island, New York, a stockbroker formerly associated with Legend Securities, Inc., has been subject to a customer initiated investment related arbitration claim from April 24, 2015, which was settled for $10,000.00 in damages based upon allegations that Decker churned the customer’s investment account, misrepresented facts concerning investments to the customer, and committed fraud.
Decker was subject to another customer initiated investment related arbitration action on April 24, 2015, in which the customer has requested $150,000.00 in damages based upon allegations that Decker made improper use of the customer’s margin account, manipulated stock prices, churned the customer’s account, effected transactions which were unauthorized, and made misrepresentations to the customer concerning investments.
FINRA Public Disclosure reveals that Decker has been subject to twelve additional events concerning misconduct. Particularly, on August 4, 2008, a customer initiated investment related arbitration claim involving Decker’s actions was settled for $6,800.00 in damages based upon allegations that Decker effected trades in the customer’s account without authorization.
Subsequently, on February 13, 2009, a customer initiated investment related arbitration claim involving Decker’s actions was resolved for $7,000.00 in damages based upon allegations that Decker effected investment transactions in the customer’s account that were not suitable for the customer, charged commissions which were excessive, made misrepresentations to the customer concerning investments, and traded excessively in the customer’s account.
Additionally, on March 21, 2012, a customer initiated investment related arbitration claim involving Decker’s actions was settled for $32,500.00 in damages based upon allegations of fraud, churning, misrepresentation, negligence, and breach of fiduciary duty. On April 11, 2012, another customer initiated investment related arbitration claim regarding Decker’s conduct was resolved for $75,000.00 in damages based upon allegations of breach of contract, fraud, and breach of fiduciary duty. The customer additionally claimed that Legend Securities failed to supervise Decker’s activities.
Further, on January 31, 2013, a customer initiated investment related arbitration claim involving Decker’s conduct was settled for $10,000.00 in damages based upon allegations that Decker effected trades in the customer’s account which were not suitable, and was responsible for the customer’s poor investment performance. On September 18, 2014, another customer initiated investment related arbitration claim involving Decker’s conduct was settled for $14,999.00 in damages based upon allegations that Decker defrauded the customer while managing the customer’s investment account.
Moreover, on February 26, 2015, a customer initiated investment related arbitration claim involving Decker’s conduct was settled for $35,000.00 in damages based upon allegations that Decker effected unsuitable investment transactions in the customer’s account. The customer additionally alleged that Legend Securities failed to supervise Decker’s activities.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
