Robert Wade LaPietra of New York New York a stockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages founded on accusations that LaPietra employed an investment strategy for the customer’s account between June of 2014 and March of 2016 that was not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02183 (July 16, 2018).
FINRA Public Disclosure additionally reveals that on October 27, 2014, another customer filed an investment related complaint regarding LaPietra’s conduct where the customer sought $750,000.00 in damages supported by allegations that while LaPietra was registered with Aegis Capital Corp., he made unsuitable investment recommendations to the customer concerning options and over-the-counter equities, and traded in the customer’s account without procuring the customer’s consent.
LaPietra’s registration with Aegis Capital Corp. ended on October 10, 2017. He has been employed by Merrill Lynch, Pierce, Fenner & Smith Incorporated since November 9, 2017.
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