Last Updated: June 2024 (New York, NY)
Guy Clemente Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Guy Clemente:
- Name: Mr. Guy Gregory Clemente
- Current Employer: Aegis Capital Corp.
- DBA: Clemente Capital Management
- Previous Firms: Andrew Garrett
- Function: Stock Broker/ Financial Advisor
- Aliases: Guy Clemente
- Primary Location: New York, NY
- CRD 1222597
- Can Guy Clemente be sued in FINRA arbitration: Yes
- Sanctioned by Regulators: Yes
- Employment Separation after Allegations: Yes
- Highest Settlement or Award: $165,000
- Pending Customer Dispute Seeks Damages of $750,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Guy Clemente As Your Stockbroker?
A customer of Andrew Garrett filed a FINRA arbitration in 1/2024 alleging that Guy Clemente breached his fiduciary duty, made unsuitable recommendations and traded the account excessively causing damages of $750,000. This case is currently pending.
Clemente discloses the settlement of one customer dispute and five cases where an award was made by an arbitration panel against him in favor of the customer. Award amounts were $96,697, $40,000, $32,400, $25,000, and $165,000.
Guy Clemente has been sanctioned by Massachusetts reguators and the National Association of Securities Dealers (NASD).
In 12/2023 Clemente was permitted to resign from Andrew Garrett where he had been employed since 2/2007, after the firm commenced an internal review which concluded that Clemente had violated firm policies. In 1995 Clemente was discharged by Salomon Smith Barney after an internal investigation of a customer complaint alleging unauthorized trading revealed Clemente’s involvement in an unapproved outside business activity in violation of firm policy.
[LEARN MORE]:
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against Guy Clemente
Customers of Guy Clemente have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Excessive Trading
- Unauthorized Trading
- Misrepresentation
- Omission of Facts
[LEARN MORE]:
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: See this for information on other investigations of Aegis Capital brokers.
If you have suffered investment losses in an account handled by Guy Clemente, 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.