According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Riccomini (Riccomini), previously associated with PFS Investments Inc., has at least one disclosable event. These events include one regulatory event, alleging that Riccomini recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on August 06, 2024.
Without admitting or denying the findings, Riccomini consented to the sanctions and to the entry of findings that he engaged in an OBA without providing prior written notice to his member firm. The findings stated that Riccomini worked as a marketing affiliate for a company that was owned and operated by three other firm registered representatives. In his capacity as a marketing affiliate, Riccomini referred potential customers to the company and received a commission if the customers purchased e-commerce storefront services or digital real estate. In total, Riccomini received $45,040 in commissions for successfully referring multiple customers, including at least one firm customer.
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