Thomas Paul Tibaldi of East Meadow, New York, a stockbroker registered with Citigroup Global Markets Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $44,356.00 in damages based upon allegations that Tibaldi breached his fiduciary duties to the customer, made misrepresentations and omissions of material fact, and failed to supervise certain registered representatives in connection with the recommendation and sale of mutual funds during the time that Tibaldi was associated with Citigroup Global Markets Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00982 (May 6, 2022).
FINRA Public Disclosure shows that Tibaldi is referenced in four other customer initiated investment related disputes concerning Tibaldi’s conduct while associated with securities broker dealers, including Merrill Lynch Pierce Fenner Smith Incorporated. On October 21, 2002, a customer initiated investment related NYSE securities arbitration claim involving Tibaldi’s conduct was settled for $105,000.00 in damages based upon allegations that Tibaldi engaged in unsuitable trading and made misrepresentations of material fact in connection with the sale of over the counter equities when Tibaldi was associated with Merrill Lynch Pierce Fenner Smith Incorporated. FINRA Arbitration No. 2002-010855.
On April 26, 2006, another customer filed an investment related complaint involving Tibaldi’s conduct in which the customer requested $8,069.00 in damages based upon allegations that Tibaldi made unsuitable recommendations of mutual funds during the time that Tibaldi was associated with Citicorp Investment Services.
Tibaldi was also referenced in a customer initiated investment related complaint filed on April 18, 2008, in which the customer requested $36,000.00 in damages based upon allegations that Tibaldi made misrepresentations of material fact and made unsuitable recommendations of mutual funds when Tibaldi was associated with Citigroup Global Markets Inc.
On October 15, 2013, another customer filed an investment related complaint involving Tibaldi’s conduct in which the customer requested compensation based upon allegations that Tibaldi made omissions of material fact in connection with the recommendation and sale of mutual funds.
Tibaldi has been registered with Citigroup Global Markets Inc. since May 29, 2007.
