February 2019- 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.
According to FINRA records, former stockbroker Salvatore Gioe , who is not currently registered , discloses ten prior customer disputes, including:
- FINRA Case 13-1018- a customer of Gioe while he was registered with First Midwest Securities alleged damages of $350,000 for unauthorized trading, account churning, and other claims. That case was settled for $65,000.
Gioe discloses a currently pending customer disputes made by a customer while Gioe was registered with Avenir Financial Group who alleges damages of $1.4 million for unauthorized trading and reckless behavior.
Salvatore Gioe was registered with Chelsea Financial Services from 3/2016-3/2016, with Avenir Financial Group from 1/2015-2/2016 and with PHX Financial from 10/2012-12/2014.
In 10/2016 Gioe was permanently barred from the securities industry for failing to cooperate with a FINRA investigation.
If you have questions about an account handled by Salvatore Gioe contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.
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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