Last Updated: January 2024 (Naples, FL)
John Cimino Investigation Summary
Here’s what you need to know about Naples, FL, stockbroker John Cimino:
- Name: Mr. John D. Cimino
- Current Employer: American Global Wealth Management, Imprint Wealth LLC (RIA)
- DBA: Naples Wealth Planning
- Previous Firms: Laidlaw & Company, Wells Fargo Advisors Financial (RIA)
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: John Cimino
- Primary Location: Naples, FL
- CRD 4757028
- Can John Cimino be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $648,745
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Cimino As Your Stockbroker?
In 9/2023 a customer of Wells Fargo Advisors Financial Network filed a FINRA arbitration alleging that John Cimino made unsuitable investments, including variable annuities, in or around 2017. This matter is currently pending and damages of $648,745 are sought.
Allegations of Broker Misconduct Against John Cimino
A customer of John Cimino has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
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. FINRA Rule 2111- suitability
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
If you have suffered investment losses in an account handled by John Cimino, 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.
