Marc Salvatore Pico of Fort Lee New Jersey a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on July 3, 2018 in which the customer requested $21,843.55 in damages founded on allegations that omissions had been made to the customer concerning the terms of the variable annuity and the fees for withdrawing funds from the policy.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that on August 21, 2012, a customer filed an investment related complaint regarding Pico’s activities where the customer sought compensatory damages supported by accusations that while Pico was associated with MML Investors Services, LLC, he failed to follow the customer’s instructions of liquidating the customer’s mutual fund and stock investments, which caused the customer to suffer unwarranted losses.
Pico’s registration with LPL Financial LLC was terminated on December 1, 2017.
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