Timothy V. Longo, of Woodbury, New York, a stockbroker formerly with Trident Partners Ltd., is the subject of a pending customer dispute in which the customer has requested in damages based upon the allegation that Longo engaged in unauthorized and unsuitable trading in the customer’s account.
FINRA BrokerCheck reveals that Longo has been previously subject to nine disclosure incidents. On March 12, 2002, Longo settled a customer dispute for $57,000.00 amid allegations of breach of fiduciary duty. Longo settled a customer dispute on May 29, 2002, in which the customer received $58,550.00 in damages after alleging breach of fiduciary duty.
On March 27, 2006, Longo settled a customer dispute for $35,000.00 after the customer alleged that Longo made misrepresentations regarding securities, and engaged in unsuitable investment practices. On October 1, 2010, Longo settled a customer dispute for $110,000.00 after a customer alleged that Longo failed to follow the customer’s instructions to liquidate an investment account, resulting in the customer’s losses.
On April 16, 2013, Longo settled a customer dispute for $70,000.00 after the customer claimed that Longo was responsible for the customer’s poor investment performance. Longo is also subject to a pending customer dispute from August 4, 2015, in which the customer alleged that Longo engaged in unauthorized and unsuitable investment trades. Longo was terminated from Trident Partners on August 22, 2015, amid complaints stemming from customers against Longo for effecting unauthorized and unsuitable trades. Since August 2014, Longo has been associated with American Capital Partners LLC.
Guiliano Law Group
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