Michael Joseph Petrucelli of Charlotte, North Carolina, a stockbroker registered with Tobin Company Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,500,000.00 in damages based upon allegations that Petrucelli made misleading and false statements in connection with the sale of EB-5 private placements when Petrucelli was associated with Tobin Company Securities LLC. FINRA Arbitration No. 21-01932 (July 28, 2021).
FINRA Public Disclosure shows that Petrucelli is referenced in three other investor disputes concerning Petrucelli’s conduct while associated with securities broker dealers. On July 28, 2021, a customer filed an investment related AAA securities arbitration claim involving Petrucelli’s conduct in which the customer requested damages based upon alleged fraud during the period that Petrucelli was associated with US Freedom Capital Advisors LLC. AAA Arbitration No. 01-21-0004-9549. US Freedom Capital is a financial services firm that provides EB-5 visa and EB-5 investment services to offshore investors.
On August 6, 2021, customers filed an investment related AAA securities arbitration claim involving Petrucelli’s conduct in which the customers collectively requested $3,000,000.00 in damages based upon allegations that Petrucelli committed fraud in connection with the sale of private placements intended for a medical building during the time that Petrucelli was associated with US Freedom Capital Advisors LLC. AAA Arbitration No. 1-21-0004-9546.
Petrucelli is also referenced in a securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Petrucelli made misleading and false statements regarding a loan agreement when Petrucelli was associated with Tobin Company Securities LLC. FINRA Arbitration No. 21-01953 (September 21, 2021).
Petrucelli was associated with Tobin Company Securities LLC in Charlotte, North Carolina from August 22, 2014, to March 26, 2021.
