Thomas A. Guerriero, of New York, New York, a stockbroker formerly registered with Meyers Associates, L.P., has been named in a customer initiated investment related arbitration claim on February 24, 2016, in which the customer has requested $500,000.00 in damages based upon allegations that Guerriero breached his fiduciary duty to the customer, made misleading and false statements, effected excessive transactions and overly concentrated the customer’s account in Biotech stock.
FINRA Public Disclosure reveals that Guerriero has been subject to five additional customer arbitrations. Particulalry, on January 10, 2002, a customer initiated investment related arbitration claim involving Guerriero’s conduct was settled for $4,500.00 in damages based upon allegations that Guerriero made misrepresentations to the customer concerning stock purchases in Republic Bancshares.
On January 30, 2002, a customer initiated investment related arbitration claim involving Guerriero’s actions was settled for $4,000.00 in damages based upon allegations that Guerriero utilized the customer’s margin account without authorization from the customer. On April 8, 2012, a customer filed an arbitration claim involving Guerriero’s conduct, in which the customer requested $423,344.00 in damages based upon allegations that Guerriero mismanaged the customer’s account, made misrepresentations to the customer concerning investments, and effected unauthorized transactions.
On July 10, 2012, a customer initiated investment related arbitration claim involving Guerriero’s actions was settled for $20,000.00 in damages based upon allegations that Guerriero effected unsuitable and excessive transactions in the customer’s account, and mismanaged the customer’s investments.
Since 1998, Guerriero has been associated with thirteen broker dealers, ten of which has been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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