Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees and the risks pertaining to two real estate investment trusts that the customer purchased when Colacurcio was employed by Dawson James Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03246 (September 17, 2020).
Colacurcio has been identified in six additional customer initiated investment related disputes regarding accusations of his harmful actions while associated with securities broker dealers, including First Union Securities Inc., SunTrust Investment Services Inc., and Raymond James Financial Services Inc. FINRA Public Disclosure shows that a customer filed an investment related complaint concerning Colacurcio’s conduct in which they requested compensatory damages based on allegations that their signature had been forged on documents relating to mutual fund account transfer paperwork when he was registered with First Union Securities.
Colacurcio is also referenced in a customer initiated investment related written complaint that was resolved for $11,820.00 in damages founded upon accusations that the customer had been misled about risks pertaining to the mutual funds held in their SunTrust Investment Services account because of Colacurcio. Another customer initiated investment related complaint regarding Colacurcio’s activities was settled for $26,498.00 in damages supported by allegations of an annuity being misrepresented by Colacurcio as safe. According to the claim, the customer was not a resident of the state where the annuity was created.
Colacurcio is the subject of a different customer initiated investment related written complaint in which the customer sought $65,267.45 in damages based on accusations of a breach of contract and a breach of fiduciary duty by Colacurcio when he was associated with Raymond James Financial Services. The complaint alleges the violation of Chapter 93A of Massachusetts General Laws and violation of FINRA rules.
An additional customer filed an investment related complaint involving Colacurcio’s conduct where the customer requested $39,000.00 in damages founded on allegations that unsuitable transactions were executed in their account by Colacurcio when he was employed by SunTrust Investment Services. The claim alleges that the customer sustained damages on mutual funds and a variable annuity.
FINRA Public Disclosure additionally shows that Colacurcio has been fined $5,000.00 and suspended from associating with any FINRA member in any capacity supported by findings that he effected unauthorized trades in a customer’s account during the time that he was registered with Dawson James Securities Inc. Letter of Acceptance Waiver and Consent No. 2014043592102 (August 10, 2016). Colacurcio violated FINRA Rule 2010 and National Association of Securities Dealers (NASD) Rule 2510(b).
Colacurcio was registered with Dawson James Securities between June 22, 2009, and December 21, 2020.
