Juan Fiorito Investigation
May 2022- Montevideo, Uruguay
According to publicly available records Juan Carlos Fiorito, a broker previously registered with Insigneo Securities and Northeast Securities, discloses settlement of a 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 11/2017, a client of Northeast Securities, where Fiorito previously was employed, alleged excessive trading in U.S. government securities. The case settled for $200,000 with $50,694 paid by Fiorito individually.
Fiorito was with Insigneo Securities from July of 2017 until January of 2018. Before that time he was with Northeast Securities, Barclays Capital, Inc. and Lehman Brothers, Inc.
If you have questions about an investment account with Juan Carlos Fiorito, call 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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