Matthew Eric Platnico of New York New York a stockbroker and investment adviser representative of Allied Millennial Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,460,000.00 in damages founded on accusations that unauthorized indexed options trades were executed in the customer’s account because of Platnico while he was registered with Allied Millennial Partners LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02208 (July 15, 2020). According to the claim, Platnico executed transactions without the customer’s authorization.
FINRA Public Disclosure confirms that Platnico has been identified in additional customer initiated investment related disputes regarding allegations of his misconduct while employed by Oppenheimer Co. Inc. The stockbroker is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $95,690.00 in damages based upon accusations that an unauthorized options trade was made in the Oppenheimer customer’s account in December of 2018.
On August 30, 2019, another customer filed an investment related FINRA securities arbitration claim concerning Platnico’s activities in which the customer sought $265,627.73 in damages supported by allegations that misrepresentations had been made to the customer concerning an investment strategy that was used for the customer’s account at Oppenheimer. FINRA Arbitration No. 19-02385 (Aug. 30, 2019). The claim also alleges that the options strategy used between April 1, 2018 and December 31, 2018 was not suitable.
Platnico has been registered as a stockbroker of Allied Millennial Partners since April 3, 2019 and registered as an investment adviser representative of Millennial Advisers LLC since January 17, 2020.