Last Updated: July 2025 – Hauppauge, NY
Here’s what you need to know about Hauppauge, NY, stockbroker Joseph Scott Audia:
- Name: Joseph Scott Audia
- CRD Number: 2909761
- Current Employer: VCS Venture Securities
- Other Business Affiliations: Above and Beyond Management, JS Audia Inc., Crump Life Insurance and Fixed Annuities
- Function: Stockbroker / Financial Advisor
- Previously Registered With: Joseph Stone Capital LLC, First Midwest Securities Inc., American Capital Partners LLC, Milestone Financial Services Inc., Joseph Gunnar & Co. LLC, Kedem Capital Corporation, Foster Jeffries Securities LLC
- Primary Location: Hauppauge, NY
- Can Joseph Scott Audia be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Highest Settlement or Award: $24,000
- Pending Customer Dispute Seeks Damages of: $350,000
If you’ve sustained damages from Mr. Audia, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joseph Scott Audia As Your Stockbroker?
Joseph Scott Audia has been sanctioned by FINRA for failing to reasonably supervise a registered representative who excessively and unsuitably traded certain customer accounts — violating FINRA’s supervision standards under FINRA Rule 3110.
Regulatory Action Details:
- Date of Filing: December 20, 2021
- Case Number: 2019063821604
- Resolution: Audia accepted an Acceptance, Waiver & Consent (AWC) agreement, paid a $5,000 fine, served a two-month suspension in any principal capacity (January 18, 2022, to March 17, 2022), and was required to complete 20 hours of continuing education on supervisory responsibilities.
Pending Customer Dispute:
- A pending FINRA arbitration (Case No. 23-02732), filed by a customer of Joseph Stone Capital alleges churning, negligence, unsuitability, unauthorized trading, breach of fiduciary duty, breach of contract, unjust enrichment, negligent misrepresentation, and omissions — Customer is seeking $350,000 in damages.
Previous Settlements and Disputes:.
- Customer alleged unsuitability, fraud, churning, negligence, and breach of fiduciary duty during Audia’s time at American Capital Partners — settled for $5,000.
- A customer of American Capital Partners alleged negligence, use of margin, suitability, unauthorized trades, and churning — Case settled for $24,000.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Allegations of Broker Misconduct Against Joseph Scott Audia
Customers and regulators have alleged that Joseph Scott Audia:
- Failed to supervise excessive and unsuitable trading
- Failed to investigate red flags related to high cost-to-equity ratios and turnover
- Did not enforce commission restrictions
- Permitted excessive commissions despite firm-imposed limits
- Engaged in supervisory lapses resulting in customer harm
- Unauthorized Trading
- Churning
- Improper us of margin
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
See this for our investigations of other VCS Venture Securities brokers
See this for information on our other investigations of Joseph Stone Capital brokers
If you have suffered investment losses in an account handled by Joseph Scott Audia, 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.