Roxann Geraldine Romano (also known as Roxann Geraldine Davanzo) of New York New York a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $1,755,896.00 in damages based upon accusations that Romano gave the customer bad investment advice concerning the purchase of variable annuity products between 2016 and 2017 when she was associated with Morgan Stanley. Financial industry Regulatory Authority (FINRA) Arbitration No. 19-00628 (Mar. 6, 2019).
FINRA Public Disclosure reveals that Romano is referenced in three more customer initiated investment related disputes containing allegations of her misconduct when she was associated with UBS Financial Services and Morgan Stanley. Specifically, a customer initiated investment related arbitration claim in regard to Romano’s conduct was settled for $187,500.00 in damages supported by accusations that Romano falsely told the customer that the customer’s structured product investments contained full principal protection.
Another customer initiated investment related arbitration claim concerning Romano’s activities was resolved for $90,000.00 in damages founded on allegations that when Romano was employed with Morgan Stanley, the customer’s accounts had been churned; and recommendations of stocks and over-the-counter equities were unsuitable for the customer and led the customer to experience losses. Romano is also the subject of a customer initiated investment related complaint in which the customer requested damages estimated to exceed $5,000.00 based upon accusations of non-disclosures and misrepresentations as it pertained to the structured products sold by Romano when she was employed by UBS Financial Services Inc.
In addition, a customer initiated investment related arbitration claim involving Romano’s conduct was settled for $100,000.00 in damages on November 28, 2017 supported by allegations that when Romano was employed by UBS Financial Services, the customer’s account was liquidated and the proceeds had been transferred to a third party all without the customer’s permission. FINRA Arbitration No. 16-03028 (Nov. 28, 2017).
