Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Giuseppe Pulitano (Pulitano), currently associated with Stonecrest Capital Markets, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pulitano recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000,000.00 on June 04, 2021.
In June 2021 Citi International Financial Services, LLC (the ‘Firm’) was served for a customer-initiated FINRA arbitration, alleging the mishandling (e.g. Overconcentration) of the claimants’ account, thus ‘causing’ the customers’ ‘significant losses of capital’ and ‘damages’ in excess of $5,000,000. For that, the customers are requesting an award for damages, rescission, punitive damages, interest, costs, attorney’s fees, and such other relief the Arbitration Panel deems just and proper. The allegation period is estimated from May 2012 (the date the account was opened) to 2020. Claimants’ FINRA Submission Agreement is dated May 14, 2021.