Last Updated: December 2024 (Berwyn, PA)
Anthony Martinelli Investigation Summary
Here’s What You Need to Know About Berwyn, PA Stockbroker Anthony Steven Martinelli:
- Name: Anthony Steven Martinelli
- Current Employer: LPL Financial LLC, Jacobi Capital Management, LLC
- DBA: Jacobi Wealth Advisors
- Prior Employers:
- New England Securities Corporation (2002–2014)
- Function: Stockbroker / Financial Advisor/ Registered Investment Advisor
- Aliases: Anthony Martinelli
- Primary Location: Berwyn, PA
- CRD Number: 2590758
- Can Anthony Martinelli Be Sued in FINRA Arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute: Seeks Damages of $3,000,000
If you’ve sustained damages from Mr. Martinelli, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Anthony Martinelli as Your Stockbroker?
A customer dispute filed in July 2024 alleges that Mr. Martinelli failed to follow instructions regarding options trades and demonstrated poor performance in managing the customer’s portfolio from 2019 to 2024. (Case No. 24-01563). Damages of $3 million are sought in this currently pending matter.
A previous customer dispute in 2004 alleged misrepresentation regarding a variable annuity’s features and surrender charges, with $25,460.66 claimed in damages. This claim was denied by the firm and the customer apparently did not pursue the matter further.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Allegations of Broker Misconduct Against Anthony Martinelli
A customer has alleged the following misconduct against Anthony Martinelli:
- Failure to Follow Instructions: Alleged negligence in adhering to client directions on options trades, leading to a FINRA Arbitration claim of $3,000,000.
- Portfolio Mismanagement: Claims of poor performance regarding the customer’s managed portfolio.
These allegations suggest potential breaches of fiduciary duty and professional responsibility, possibly implicating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade), which requires brokers to act with high ethical standards.
What is Option Trading? According to the U.S. Securities and Exchange Commission (SEC) “Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time.”
This right to purchase or right to sell at a set price for a set period of time allows investors to potentially profit not only from the rise in price, but also the decline. “Call” options grant the investor the right to buy a security at a set price for a set period of time. “Put” options give the investor the right to sell a security a set price for a set period of time.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Anthony Steven Martinelli, 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.