October 2019- Coram, NY
The FINRA records of John J. Santariello , a stock broker who is not currently registered with any broker dealer and who last worked for Arive Capital Markets, disclose 6 currently pending customer disputes and a prior financial event.
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.
A customer of Arive Capital Markets has filed a FINRA arbitration alleging churning, excessive trading and unsuitable recommendations. In total, the cases seek damages of more than $300,000.
In FINRA Case#14-02955 , a customer of his prior employer, K.C. Ward Financial, alleged damages of $100,000 for account losses from 2012 through May 2014 due to unsuitable and excessive trading of high-risk, speculative stocks. That case was settled for $30,000.
Santariello was employed by Arive Capital Markets from 7/201610-2018. His prior employment includes:
- Cape Securities 8/2015-6/2016
- Joseph Gunnar 7/2015-7/2015
- Wilmington Capital Securities 3/2014-5/2015
- National Securities Corp 8/2013-2/2014
- K.C. Ward Financial 2/2010-5/2013
If you have losses in an account handled by John Santariello, call to discuss your options with an experienced securities attorney.
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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