Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Rigoli (Rigoli), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Rigoli 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 $11,079.88 on June 13, 2023.
TRUSTEE ALLEGED HE PROVIDED INSTRUCTION TO REGISTERED REPRESENTATIVE ON 4/10/2023 TO SELL FOUR MUTUAL FUNDS IN HIS ACCOUNT AND INTENDED TO IMMEDIATELY REINVEST THE PROCEEDS IN A VARIABLE ANNUITY. TRUSTEE CLAIMED THAT THE REGISTERED REPRESENTATIVE TOLD HIM IT WOULD TAKE “A WEEK OR SO” TO PROCESS. TRUSTEE EXPECTED THE TRANSACTIONS TO OCCUR NO LATER THAN 4/24/2023, BUT ALLEGED THAT THE FUNDS WERE NOT SOLD, AND THE PROCEEDS WERE NOT REINVESTED, FOR NEARLY TWO MONTHS. TRUSTEE CLAIMS LOSSES DUE TO THE DELAY AND DEMANDS COMPENSATION. OCCURRENCE DATES: 4/24/2023 – 6/1/2023. ALLEGED LOSSES: $11,079.88.