Last Updated: October 2023 (Tifton, GA)
Joseph Giordano Investigation Summary
Here’s what you need to know about Port Washington, NY, stockbroker Joseph Giordano:
- Name: Mr. Joseph M. Giordano
- Current Employer: Aegis Capital Corp., Acceptus Capital Corp., dba ACC Agency Inc.
- Previous Firms: GunnALlen Financial, LH Ross & Co. , Citigroup Global Markets
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Port Washington, NY
- CRD 2278341
- Can Joseph Giordano be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Pending Customer Dispute Seeks Damages of $771,631
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joseph Giordano As Your Stockbroker?
In 11/2021 Joseph Giordano was fined $10,000 and suspended as a general securities principal for six months by FINRA for failing to reasonably supervise a broker in one of the branch offices he was charged with overseeing. The ‘red flags’ Giordano failed to see involved the excessive and unsuitable trading in customer accounts at Aegis Capital Corp. The combined customer costs in the subject accounts exceeded $2.6 million and generated cumulative losses of $4 million.
In 2007 Giordano was suspended for ten business days and fined $7,500 for failure to supervise a broker who engaged in penny stock transactions for public customers without satisfying required penny stock disclosure requirements.
In 3/2023 a customer of Aegis Capital Corp. filed a FINRA arbitration alleging that Joseph Giordano was negligent in supervising a broker who mishandled the customer’s account. Damages of $771,631 are sought in this currently pending matter.
Allegations of Broker Misconduct Against Joseph Giordano
Customers of Joseph Giordano as well as securities regulators have alleged the following wrongdoing in connection with the handling of customer accounts:
- Failure to supervise broker who charged excessive fees and overtraded a customer account
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 Joseph Giordano, contact us for a complimentary consultation with an experience 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.
