Richard Minichino

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Minichino (Minichino), previously associated with Next Financial Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Minichino 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 $120,000.00 on April 20, 2021.

Claimants allege Mr. Minichino gave unsuitable recommendations and breached his fiduciary duty and that the Firm failed to supervise. The clients collectively had 4 accounts with the Firm and with Mr. Minichino as the Rep on all of them between October 2014 (and December 2014) until early 2016.

The securities attorneys at Gana Weinstein LLP are currently investigating previously registered broker Richard Minichino (Minichino). According to BrokerCheck Records, Minichino has been subject to a pending customer dispute concerning roll-over annuities. In addition, Minichino has been subject to 4 tax liens and termination from employment at Next Financial Group, Inc. (Next Financial).

In April 2018, a customer alleged that Minichino unsuitably recommended the customer to roll over IRA annuities into other investments multiple times. The customer is requested $70,000 in damages. This dispute is currently still pending.

In February 2018, Minichino was terminated from Net Financial for trading customer’s accounts in an unsuitable manner that did not match with the investor’s needs or objectives.

Articles Tagged with Richard Minichino

Broker Richard Minichino in Next Financial Group, INC. Firm Has Customer Complaint

Advisor Richard Minichino Subject to Customer Complaints Over Annuities