Leonard Joseph Marzocco of Melville New York a stockstockbroker formerly registered with Rockwell Global Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $10,500.00 in damages supported by accusations that (1) Marzocco breached his fiduciary duties to the customer (2) Marzocco misrepresented the terms and conditions of over-the-counter equities investments executed in the customer’s account (3) the customer’s investment portfolio had been churned (4) bad equity investments were selected for the customer’s account and (5) the customer had been defrauded. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02508 (Oct. 1, 2014).
FINRA Public Disclosure confirms that Marzocco is referenced in six more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Spartan Capital Securities, LLC, Institutional Equity Corporation, Ehrenkrantz King Nussbaum Inc., Rockwell Global Capital LLC and Ladenburg Capital Management. Particularly, on April 7, 2000, a customer filed an investment related complaint concerning Marzocco’s activities where the customer sought $30,000.00 in damages founded on accusations that margin was impermissibly utilized to effected over-the-counter equities trades in the customer’s stockbrokerage account; and false or misleading statements had been made to the customer concerning his activities in the customer’s account.
Then, a customer filed an investment related complaint regarding Marzocco’s conduct in which the customer requested $7,500.00 in damages based upon allegations that misrepresentations had been made to the customer; the customer’s investment instructions had been disregarded; and margin was utilized without the customer’s permission while Marzocco was associated with Institutional Equity Corporation. Thereafter, a customer filed an investment related complaint involving Marzocco’s activities where the customer sought $8,500.00 in damages supported by accusations that while Marzocco was employed by Institutional Equity Corporation, the customer’s investment orders were not properly executed; and an unauthorized over-the-counter equity purchase had been executed in the customer’s account.
Another customer filed an investment related complaint concerning Marzocco’s conduct in which the customer requested $70,000.00 in damages founded on allegations that while Marzocco was associated with Ladenburg Capital Management., Marzocco failed to effect the sale of over-the-counter equities from the customer’s account. Subsequently, a customer initiated investment related arbitration claim concerning Marzocco’s activities was resolved for $25,000.00 in damages based upon accusations against Marzocco of effecting bad over-the-counter equities trades in the customer’s account, breaching his fiduciary obligation to the customer, failing to properly explain the terms and conditions of investments selected for the customer, negligently transacting in the customer’s account, and effecting margin-based trades without the customer’s consent. NASD Arbitration No. 05-02530 (May 12, 2005).
Moreover, on July 4, 2017, a customer filed an investment related complaint regarding Marzocco’s activities where the customer sought unspecified damages supported by allegations that while Marzocco was registered with Spartan Capital Securities, LLC, unauthorized over-the-counter equities trades were effected in the customer’s account.
Marzocco has also been terminated from prior stockbrokerage firm employer, Institutional Equity Corporation, founded on accusations of Marzocco’s involvement in a fraudulent investment transaction confirmation.
Marzocco’s registration with Rockwell Global Capital LLC was terminated on October 16, 2015. Between January 30, 2017 and July 19, 2017, he was associated with Spartan Capital Securities LLC. Since June 20, 2017, Marzocco has been associated with First Standard Financial Company LLC. FINRA Public Disclosure further confirms that Marzocco has been associated with at least five different securities broker dealers which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
