Articles Tagged with investment churning attorney

shutterstock_175000886-300x225According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Craig Siegel (Siegel) has been subject to at least four customer complaints and one regulatory action during his career.  Siegel is formerly employed by Portfolio Advisors Alliance, LLC (Portfolio Advisors).  The majority of the customer complaints against Siegel concern allegations of high frequency trading activity also referred to as churning.

In April 2019 Siegel failed to respond to requests by FINRA to provide documents and information and was suspended indefinitely.

In October 2018 a customer complained that Siegel made unsuitable investment recommendations, breach of regulatory requirements, breach of fiduciary duty, breach of contract, negligence, and churning from July 2013 to August 2017. The claim is currently pending.

In April 2018 a customer complained that Siegel violated the securities laws by alleging that the financial advisor engaged in excessive trading, churning, unsuitable transactions, failure to supervise, and respondeat superior.  The claim seeks $99,300 in damages and is currently pending.

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shutterstock_177792281-300x198According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Paul DiPietro (DiPietro) has been subject to eight customer complaints during the course of his career.  DiPietro is currently employed by Dawson James Securities, Inc. (Dawson James).  Many of the customer complaints against DiPietro concern allegations of high frequency trading activity also referred to as churning, unauthorized trading, and unsuitable investments.

In April 2018 a customer filed a complaint alleging his account was churned and placed in unsuitable securities by the representatives at Dawson James and Spartan form January 2015 through September 2015.  The claim alleged $100,000 in damages and is currently pending.

In December 2015 a customer filed a complaint alleging that DiPietro failed to follow instructions and failed to execute orders causing losses of $126,105.  The claim was withdrawn.

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