Sebastian George Bongiovanni of Staten Island a stockbroker currently employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $91,000.00 in damages supported by accusations that (1) investment recommendations made to the customer were not suitable (2) unauthorized trades were executed in the customer’s account (3) misrepresentations and omissions were made concerning the risks pertaining to the customer’s real estate securities and stock investments (4) the firm failed to supervise trades effected in the customer’s investment account and (5) the customer was defrauded. FINRA Arbitration No. 16-03395 (Jan. 29, 2018).
FINRA Public Disclosure additionally reveals that on April 21, 2016, a customer filed an investment related complaint involving Bongiovanni’s activities where the customer sought unspecified damages founded on allegations that while Bongiovanni was registered at Newbridge Securities Corporation, and throughout the entirety of the time that the customer’s account was housed at the firm, mutual fund, equity and corporate debt transactions were effected in the customer’s account without any supervision, and charges were assessed to the customer on an excessive basis.
Bongiovanni has been registered with Newbridge Securities Corporation since March 10, 2014.
