Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Cervieri (Cervieri), currently associated with Wavecrest Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cervieri recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on May 28, 2021.
The Claimant engaged Mr. Cevieri in 2013 to perform a capital raise for the business that was an “outside business activity”. Mr. Cervieri was unsuccessful in raising capital for the company so the claimant is alleging fraud and misrepresentation.