Stanley Lee Crisci, a stockbroker registered with RBC Capital Markets, LLC in Indianapolis, Indiana, is currently the subject of two pending customer initiated investment related arbitration claims.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that the first claim, FINRA Arbitration No. 24-01754, was filed on August 15, 2024, and alleged unsuitable recommendations in variable annuities, as those products were not consistent with the customer’s investment objectives. The damages sought amount to $90,000.
The second arbitration claim, FINRA Arbitration No. 24-01488, was filed on July 8, 2024, and alleged that Crisci and RBC Capital Markets did not invest plan participants’ accounts based on their stated investment objectives. The damages sought in this claim total $100,000.
In addition to these pending arbitrations, Crisci was previously the subject of a customer initiated investment related complaint that was closed with no action. The dispute, received on February 5, 2010, involved allegations that Crisci made the unsuitable investment recommendation of mutual funds that generated fees benefiting the firm and himself. The customer sought damages of $343,000, but the case was closed on October 12, 2010, without any settlement or disciplinary action. The allegations were related to his time at The Huntington Investment Company.
Crisci has been registered with RBC Capital Markets, LLC since September 3, 2013.
