September 2018-Woodbury, New York
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.
In currently pending FINRA case 18-0195, a customer of Trident Partners alleges that Allocca made unsuitable recommendations and is seeking damages of $370,486.
In FINRA Case 15-02510, a customer of Trident Partners alleged damages of $400,000 for unsuitability and poor performance between 11/26/2013-11/12/2014. That matter was settled for $65,000.
In NASD Case 99-2438, a customer of Comprehensive Capital Corp., his prior employer, alleged misrepresentations and breach of fiduciary duty and sought damages of $525,804. An arbitration panel awarded $35,000 to the customer.
Allocca has been registered with Trident Partners since 12/2001.
If you have questions about a brokerage account handled by Theodore Allocca, Jr. , call for a no charge consultation to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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