September 2019, New York, NY
According to publicly available records Nicholas James Schiano (CRD#4429212) , a stockbroker currently registered with Spartan Capital Securities, disclose 1 prior customer dispute and 1 pending customer dispute.
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 August of 2017, FINRA case #17-02149 was filed on behalf of a Legend Securities, Inc. customer alleging unsuitable transactions. The case settled for $35,000.
In April of 2019, FINRA case #19-00916 was filed on behalf of a Legend Securities customer who alleged misrepresentation, negligence and breach of fiduciary duty. The alleged damages are $208,000 and this case is still pending.
Legend Securities was expelled by FINRA from the securities industry in April 2017.
Nicholas Schiano has been employed with Spartan Capital Securities since August of 2017 . He was previously employed with Worden Capital Management from November 2016 until August of 2017. His prior employment includes Legend Securities, Inc. Joseph Gunnar & Co., Brookstone Securities and Citigroup Global Markets, Inc. .
If you have questions about an investment account handled by Nicholas James Schiano, contact us for a no charge consultation to learn about your legal options.
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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