Matthew DiGregorio of Syosset New York a stockbroker formerly employed by J.D. Nicholas Associates Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of DiGregorio’s failure to comply with paying compensatory damages to a customer after DiGregorio was found liable by a FINRA Arbitrator on the customer’s claims which included (1) DiGregorio’s churning of the customers investment account (2) DiGregorio breaching his fiduciary duties to the customer and (3) DiGregorio effecting unsuitable Medivation and Human Genome Securities Inc. trades in the customer’s account. FINRA Arbitration No. 16-01204 (June 20, 2017).
FINRA Public Disclosure confirms that DiGregorio is already barred by FINRA in all capacities according to a Default Decision containing findings that DiGregorio failed to comply with the terms of a FINRA Arbitration Award; DiGregorio neglected to comply with an Order which required his production of documents; and DiGregorio made false statements to the FINRA Arbitrator regarding his activities. Department of Enforcement v. Matthew DiGregorio Disciplinary Proceeding No. 2015045909501 (Nov. 4, 2016). According to the Decision, DiGregorio’s conduct was violative of FINRA Rules IM-13000(D) and FINRA Rules 2010.
FINRA Public Disclosure reveals that DiGregorio is referenced in five more customer initiated investment related disputes containing accusations of his violative conduct while employed with securities firms including First Midwest Securities Inc. and AF Financial Securities Inc. Particularly, a customer filed an investment related complaint concerning DiGregorio’s conduct in which the customer requested $18,985.38 in damages supported by allegations that when DiGregorio was associated with First Midwest Securities Inc. trades were effected in the customer’s account on an excessive basis.
Subsequently, a customer filed an investment related complaint in regards to DiGregorio’s activities where the customer sought $25,000.00 in damages founded on accusations that unauthorized over-the-counter equities trades were executed in the customer’s account during the period that DiGregorio was employed by First Midwest Securities Inc. Thereafter, a customer initiated investment related complaint involving DiGregorio’s activities was resolved for $24,400.00 in damages based upon allegations that while DiGregorio was associated with AF Financial Securities Inc., the customer was placed into equities products that failed to be suitable given the customer’s objectives for investing.
DiGregorio’s registration with J.D. Nicholas Associates Inc. has been terminated as of July 6, 2015. FINRA Public Disclosure confirms that DiGregorio has been employed by eighteen different securities broker dealers, fourteen of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
