September 2019-Tinton Falls, NJ
According to publicly available records Rocco J. Lavista (CRD#2784573) , a currently unregistered stockbroker who was last registered with Arive Capital Markets , discloses settlement of 2 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 FINRA case #15-02835 a customer of Aegis Capital Corp. alleged unsuitable investments, unauthorized trading, unsuitable use of margin and account churning. The customer alleged damages of $466,606. That case settled for $185,000.
In FINRA case 15-03242 a customer of Aegis Capital Corp. alleged unsuitable recommendations, breach of fiduciary duty, negligence and misrepresentation . That case settled for $85,000.
Lavista’s prior employment includes Aegis Capital Corp. , National Securities Corporation, Obsidian Financial Group and Arive Capital Markets.
If you have questions about an account in an account handled by Rocco Lavista, contact us to discuss 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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