investment loss attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that financial advisor Nicholas Schiano (Schiano), currently employed by Spartan Capital Securities, LLC (Spartan Capital) has been subject to at least two customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Schiano’s customer complaints allege that Schiano recommended unsuitable investments, and committed negligence, misrepresentations, and breach of fiduciary duty among other allegations of misconduct relating to the handling of their accounts.

In April 2019 a customer complained that Schiano violated the securities laws by alleging misrepresentations, negligence, and breach of fiduciary duty resulting in $208,000. The claim settled for $32,500.

In August 2017 a customer complained that Schiano violated the securities laws by alleging unsuitable transactions causing $128,541 in damages. The claim settled for $35,000.

According to BrokerCheck records financial advisor Alan Siegel (Siegel), currently employed by G.A. Repple & Company (GA Repple) has been subject to four customer complaints, one regulatory complaint, and one criminal matter. According to records kept by The Financial Industry Regulatory Authority (FINRA), in July 2018 Siegel was subject to a regulatory complaint by the Massachusetts Securities Division alleging that Siegel published false information on his website and failed to update this information for at least seven years. Siegel drew a $10,000 fine and agreed to submit to heightened supervision.

In July 2018 a customer filed complaint alleging unsuitability, over concentration, and material omissions with respect to a bond purchase and a limited partnership investment in 2007 and a 2015 variable annuity transaction that was not suitable. The claim is currently pending.

Articles Tagged with investment loss attorney

Broker Nicholas Schiano Subject to Customer Complaints Over Investment Recommendations

G.A. Repple Advisor Alan Siegel Subject to Regulatory and Customer Complaints