Matthew William Crafa of Garden City, New York, a stockbroker currently registered with Royal Alliance Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $525,000.00 in damages founded on accusations of breach of fiduciary duty, negligence, misrepresentation, and the violation of FINRA Rules 2111 and 2110 concerning a private fund investment made through Crafa during the time that he was associated with Royal Alliance. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00385 (August 18, 2021).
FINRA Public Disclosure shows that Crafa has been identified in two more customer initiated investment related disputes containing allegations of his wrongdoing while employed by Royal Alliance. Crafa is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages supported by accusations of a breach of fiduciary duty by Crafa at Royal Alliance concerning the customer’s private fund purchase. FINRA Arbitration No. 19-01153. The claim also alleges negligence and breach of contract, resulting in damages.
On January 15, 2020, another customer filed an investment related FINRA securities arbitration claim involving Crafa’s activities in which the customer requested more than $5,000.00 in compensatory damages based upon allegations that the private investment fund sold to the customer had been misrepresented by Crafa when he was registered with Royal Alliance. FINRA Arbitration No. 20-00096 (January 15, 2020).
Crafa has been registered with Royal Alliance Associates as a stockbroker since July 27, 2007, and as an investment adviser representative since March 24, 2011.
