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Written by 5:09 pm Current Investigations

Anthony Mastroianni Jr. Barred from Securities Industry

Financial Advisor Promissory Note Securities Litigation Representation, featured by Top Securities Fraud Attorneys, The White Law Group

Concerned about investment losses with Anthony Mastroianni Jr.?

Have you suffered losses investing with Anthony Mastroianni Jr.? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.

According to FINRA, Anthony Mastroianni Jr. (CRD #2151249, Staten Island, NY) submitted an AWC in which he was barred from association with any FINRA member in any capacity. FINRA alleges Mastroianni refused to appear for testimony related to allegations that he engaged in excessive trading or churning in an elderly customer’s account maintained at his former member firms. The settlement statement alleges Mastroianni borrowed funds totaling $90,000 from that customer and an additional customer in four transactions, without notifying his firms or obtaining their approval.

According to his BrokerCheck report Mastroianni has six customer disputes on his profile. Allegations include unauthorized trades, churning and unsuitable investments among others. He was registered with J.P. Turner from 2009 to 2012 and then moved to Alexander Capital, where he was registered until 2013. Most recently, Mastroianni was registered with Meyer Associates in New York, NY from 11/22/2013 – 08/17/2016.

For FINRA’s full finding see FINRA Case #2015047001401.

Recovery of Investment Losses

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning, that violate securities laws and regulations.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with Anthony Mastroianni Jr., the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.

Tags: Last modified: March 8, 2024