Last Updated: January 2024 (Staten Island, NY)
Peter Maniscalco Investigation Summary
Here’s what you need to know about Staten Island, NY, stockbroker Peter Maniscalco:
- Name: Mr. Peter Maniscalco
- Current Employer: Avantax Investment Services, Avantax Advisory Services
- DBA: Maniscalco Wealth Management, Maniscalco & Picone CPAs
- Previous Firms:
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: None
- Primary Location: Staten Island, NY
- CRD 4435025
- Can Peter Maniscalco be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Maniscalco As Your Stockbroker?
In 12/2023 a customer of Avantax Investment Services alleged that Peter Maniscalco recommended a mutual fund for his 401K that was not suitable. Damages of $300,000 are sought in this currently pending matter.
Allegations of Broker Misconduct Against Peter Maniscalco
A customer of Peter Maniscalco has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to purchase mutual fund in 401K account
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 Peter Maniscalco, 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.
