Last Updated: April 2025 – Mineola, NY
Here’s what you need to know about Mineola, NY, stockbroker James J. Mariani:
- Name: Mr. James J. Mariani
- Currently Registered: No- Suspended by FINRA
- Previous Employers:
- Aegis Capital Corp. (2017–2021)
- National Securities Corporation (2007–2017)
- First Montauk Securities Corp.
- Oppenheimer & Co. Inc.
- Josephthal & Co., Inc.
- CRD Number: 2932631
- Function: Stockbroker / Financial Advisor
- Primary Location: Mineola, NY
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $191,516
- Pending Customer Complaints: Yes
If you’ve sustained damages from Mr. Mariani, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With James Mariani As Your Stockbroker?
A FINRA arbitration panel awarded $191,516 to a customer in November 2024 (Case No. 23-01840) against James J. Mariani for claims involving the sale of unsuitable securities, violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, Section 12 of the Securities Act of 1933, common law fraud, and negligent supervision.
Other settled customer complaints include:
- $200,000 (2022) – National Securities Corp. – unsuitable investments in private placements (Case No. 21-02241)
- $135,000 (2019) – National Securities Corp. – alternative investments (Case No. 18-01146)
- $70,000 (2024) – Aegis Capital Corp. – unsuitable investments and omissions (Case No. 23-01839)
- $68,500 (2024) – Aegis Capital Corp. – over-concentration, misrepresentation (Case No. 23-02792)
- $50,000 (2022) – Aegis Capital Corp. – excessive and unauthorized trading (Case No. 22-00471)
Investigations involving Over-Concentration
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Mariani discloses four regulatory matters including an indefinite suspension in 2/2025 for failure to comply with an arbitration award.
Allegations of Broker Misconduct Against James Mariani
James Mariani has been the subject of numerous investor complaints. Allegations include:
- Unsuitable Recommendations: Repeated complaints of selling unsuitable investments including REITs, private placements, and alternative investments.
- Breach of Fiduciary Duty and Negligence: Multiple clients allege Mariani acted contrary to their best interests.
- Excessive and Unauthorized Trading: Allegations of churning and unauthorized use of margin in customer accounts.
- Material Misrepresentations and Omissions: Ongoing claims involving lack of disclosure related to high-risk and illiquid investments.
- Improper Mutual Fund Switching and Margin Use (2005): Fined $15,000 and suspended for 30 business days for unsuitable transactions and mutual fund switching (violating NASD Rules 2310 and 2210).
Pending complaints total millions in claimed damages, including:
- $600,000 (Case No. 21-02197)
- $291,100 (Case No. 21-02433)
- $170,000 (Case No. 22-00620)
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Aegis Capital and Aegis Capital Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by James J. Mariani, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.