Victor A. Rigoni III Investigation
June 2023-Lake Forest, IL
The FINRA records of Victor A. Rigoni III , a broker previously with Summit Brokerage Services, disclose a FINRA suspension, 5 prior customer disputes and a termination.
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 finanNYT Cooking Digital Subscription Order Confirmationcial matters such as personal bankruptcies, judgments and liens.
In 8/2020, FINRA regulators alleged that Rigoni willfully failed to timely amend his Form U4 to disclose numerous unsatisfied federal and state tax liens totaling $164,521 and that he falsely attested to his member firm on an annual firm compliance questionnaire that he was in compliance with FINRA’s U4 disclosure requirements and that it was complete. These attestations were false because at the time he made them, Rigoni knew that he had not disclosed the unsatisfied liens on his Form U4. Sanctions were a suspension of three month from FINRA in all capacities and a $5,000 fine levied against Rigoni individually.
From 11/2010 until 11/2019, five customer disputes were filed by customers of Summit Brokerage Services and Cambridge Investment Research – Rigoni’s past employers- alleging, among other things, breach of contract, unsuitable recommendations, breach of fiduciary duty, common law fraud, negligence, misrepresentation, violation of FINRA rules, excessive commissions, unauthorized trading and poor recommendations. These cases were collectively settled in the amount of $132,741 with $12,500 being paid by Rigoni individually.
Rigoni was with Cetera Advisor Networks from 9/2019 until he was allowed to resign in 8/2020 in response to allegations that he willfully and failed to timely amend his Form U4 to disclose unsatisfied Federal and State Tax liens.. Before that time he was employed with Summit Brokerage Services.
If you have losses in an account handled by Victor A. Rigoni, call for a no charge consultation to discuss your options for recovery of damages.
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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