Thomas John Briguccia Jr. of Ronkonkoma New York a stockbroker currently registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $1,911,616.00 in damages based upon accusations that (1) transactions executed by the stockbroker failed to be suitable for the customer and (2) Spartan Capital Securities LLC failed to supervise the options and stock trades effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01243 (May 6, 2019).
FINRA Public Disclosure confirms that Briguccia is referenced in nine additional customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Joseph Gunnar Co. and KC Ward Financial. Specifically, a customer initiated investment related arbitration claim regarding Briguccia’s conduct was settled for $190,000.00 in damages founded on accusations that Briguccia breached his fiduciary duties to the customer; executed options, stocks and over-the-counter equities transactions that were unsuitable; omitted and misrepresented investment information; and churned the customer’s account during the period in which he was employed by Joseph Gunnar.
Also, a customer filed an investment related arbitration claim involving Briguccia’s activities in which the customer sought $140,000.00 in damages supported by allegations that margin was inappropriately utilized to effect securities transactions; over-the-counter equities trades effected in the customer’s account were inappropriate; and the customer’s investment instructions were disregarded. Also, a customer filed an investment related civil action in the Superior Court of California that involved Briguccia’s conduct where the customer requested $141,994.50 in damages based upon accusations including omissions of facts, and false or misleading information inducing the customer’s over-the-counter equities and stock trades.
In addition, a customer initiated investment related arbitration claim concerning Briguccia’s activities was resolved for $11,000.00 in damages founded on allegations of Briguccia making false or misleading statements regarding the terms, conditions or risks of investments including common and preferred stock and over-the-counter equities; and Briguccia selling inappropriate and poorly performing investments. Briguccia is additionally the subject of a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that when he was associated with KC Ward Financial, his inappropriate trades led the customer to experience unwarranted losses. FINRA Arbitration No. 14-02641 (May 13, 2016).
Briguccia has been registered with Spartan Capital Securities LLC since January 2, 2018.
