Robert Michael Gianchiglia of Worcester Massachusetts a stockbroker formerly employed by Ameritas Investment Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that private placements had been misrepresented by Gianchiglia during the period in which he was associated with Ameritas investment Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03388 (Nov. 19, 2019).
Gianchiglia has been identified in five additional customer initiated investment related disputes containing accusations of his misbehavior while employed by New England Securities, Investors Capital Corp and Ameritas Investment Corp. FINRA Public Disclosure reveals that a customer initiated investment related arbitration claim involving Gianchiglia’s activities was resolved for $116,569.00 in damages founded on allegations that the customer was misled in regards to an annuity purchase and had not received a prospectuses from the stockbroker.
Another customer filed an investment related complaint involving Gianchiglia’s conduct where the customer sought $1,617,800.00 in damages supported by accusations that misrepresentations had been made to the customer concerning a variable annuity that had been sold during the time that Gianchiglia was associated with Ameritas. Gianchiglia is also referenced in a customer initiated investment related written complaint in which the customer requested $105,000.00 in damages based upon allegations that alternative investments and oil and gas securities were not suitable for the Ameritas and Investors Capital Corp customer. The claim alleges that the securities were misrepresented.
On November 17, 2015, another customer initiated investment related arbitration claim involving Gianchiglia’s conduct was settled for $14,995.00 in damages founded on accusations that a fiduciary duty that was owed to the customer had been breached and that a contract between the customer and the securities broker dealer had been violated all with respect to sales of direct participation program interests or limited partnership interests. According to the claim, the customer’s account had been negligently managed and the stockbroker’s investments failed to be suitable for the customer.
On October 15, 2018, an additional customer initiated investment related arbitration claim involving Gianchiglia’s activities was resolved for $45,000.00 in damages supported by allegations of Ameritas failing to supervise Gianchiglia’s activities which led to unsuitable trades being initiated in the customer’s account. FINRA Arbitration No. 17-00693. According to the claim, transactions were misrepresented. The claim also alleges losses due to Gianchiglia’s negligence and breach of both a fiduciary and contractual duty to the customer.
Gianchiglia’s employment with Ameritas has been terminated on May 17, 2017. He has been registered with USA Financial Securities Corporation as a stockbroker and investment adviser representative since April 19, 2017.
