October 2019, New York, NY
According to publicly available records Nicholas James Schiano (CRD#4429212) , a stockbroker who currently is employed by Spartan Capital Securities, discloses 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 FINRA case #17-02149, a cusotmer of Legend Securities, alleged that Schiano made unsuitable recommendations causing losses. That case was settled for $35,000 with the entire amount paid by Schiano personally.
In currently pending FINRA) case #19-00916, a customer of Legend Securities alleges misrepresentation, negligence and breach of fiduciary duty and is seeking damages of $208,000.
Nicholas Schiano has been employed by Spartan Capital Securities since August of 2017. He was previously employed with Worden Capital from November of 2016 until September 2017, and before that with Legend Securities, Joseph Gunnar and Brookstone Securities.
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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