Staten Island, New York
According to FINRA records, Frank D. Marinelli, a stockbroker who currently works for Southeast Investments, discloses two pending customer disputes, a termination, two pending judgment/liens and two final customer disputes.
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 pending FINRA Case 15-03004, a customer while Marinelli was employed by J.P. Turner & Co. alleges damages of $300,000 for unsuitability, breach of fiduciary duty, common law fraud, and violations of the Idaho Uniform Securities Act of 2004.
In pending FINRA Case 14-0633, a customer while Marinelli was employed by J.P. Turner & Co. alleges damages of $120,000 for unsuitability, churning, breach of contract, breach of fiduciary duty and violation of the Arizona Securities Act.
In FINRA Case 12-01402 a customer while Marinelli was employed by J.P. Turner & Co. alleged damages of $200,000 for unsuitable recommendations, high pressure sales, negligence, unauthorized trading and churning. That case was settled for $102,500.
In FINRA Case 08-0278 a customer while Marinelli was employed by J.P. Turner & Co. alleged damages of $100,000 for fraud, breach of contract, breach of fiduciary duty and negligence. That case was settled for $50,000.
Marinelli has been employed by Southeast Investments since 12/2011. He was employed by J.P. Turner from 9/2001-12/2011.
If you have questions about an account handled Frank D. Marinelli, call for a no charge consultation.
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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