Last Updated: September 2023 (Paradise Valley, Arizona)
Vic Sibilla Investigation Summary
Here’s what you need to know about Paradise Valley, AZ, stockbroker Vic Sibilla:
- Name: Mr. Victor Carmine Sibilla
- Current Employer: Westpark Capital
- Previous Firms: Source Capital Group, Scottsdale Capital Advisors, Newbridge Securities Corp. Sterling Financial Investment Group
- Function: Stock Broker/ Financial Advisor
- Aliases: Victor SIbilla
- Primary Location: Paradise Valley, AZ
- CRD 1783361
- Can Victor SIbilla be sued in FINRA arbitration: Yes
- Sanctioned by FINRA (NASD): Yes
- Highest Settlement or Award: $210,000
- Has Customer Dispute Pending: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Vic Sibilla As Your Stockbroker?
In a currently pending FINRA arbitration a customer of Westpark Capital alleges that Victor SIbilla recommended that they invest in unsuitable private placements and are seeking damages of $100,000.
Early in his career, in 1998, while employed by Joseph Charles & Co., an arbitration panel found Victor Sibilla jointly and severally liable for $210,000. The customer had alleged that Sibilla churned the account and traded it overly aggressively.
IN 8/2017 a customer of Westpark Capital was paid $127,000 to resolve allegations that Sibilla transacted business (sold private placements) in a state (Utah) in which he was not licensed.
In 1998 the NASD (predecessor to FINRA) fined Victor Sibilla $12,500 and suspended him for 10 days to resolve allegations that SIbilla failed to supervise and detect excessive trading. In addition the NASD ordered that restitution of $21, 528 be paid to the customer and Sibilla was required to requalify as a principal.
Allegations of Broker Misconduct Against Vic Sibilla
Customers of Victor Sibilla have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in private placements
- Conducting business in a state where he was not licensed
- Failure to supervise
- 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
If you have suffered investment losses in an account handled by Victor SIbilla, 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.
