Category Archives: Trident Partners

Theodore Allocca, Jr.-Trident Partners Stockbroker-Discloses Customer Suits

September 2018-Woodbury, New York

According to FINRA records, Theodore Allocca, Jr.  a broker who is currently registered  with Trident Partners Ltd. , disclose a pending customer dispute and  two prior final 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 currently pending FINRA case 18-0195, a customer of Trident Partners alleges that Allocca made unsuitable recommendations and is seeking damages of $370,486.

In FINRA Case 15-02510, a customer  of Trident Partners alleged damages of $400,000 for unsuitability and poor performance between 11/26/2013-11/12/2014. That matter was settled for $65,000.

In  NASD Case 99-2438, a customer of Comprehensive Capital Corp., his prior employer, alleged misrepresentations and breach of fiduciary duty and sought damages of $525,804. An arbitration panel awarded $35,000 to the customer.

Allocca has been registered with Trident Partners since 12/2001.

If you have questions about  a brokerage account handled by Theodore Allocca, Jr.  , call for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Timothy Longo-Former Trident Partners Broker-Subject of Customer Suits-Hauppauge, NY

May 2018-Hauppauge, New York

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.

According to FINRA recordsTimothy V. Longo has been registered with American Capital Partners  since 8/2015. Prior to that he was registered with Trident Partners, Ltd. from 1/2006-8/2015.

FINRA records disclose that Longo is currently named in two customer disputes and there have been 7 prior customer disputes that have been resolved. Several of the disputes  involve exchange traded note sales to customers while he was registered with Trident Partners. In those cases the customers allege that the sale of the exchange traded notes was unsuitable in regards to the customer’s risk tolerance and investment objectives.

In 2006 the New York Stock Exchange sanctioned Longo with a censure and a 4 month suspension to resolve allegations that he engaged in conduct inconsistent with just and equitable principles of trade.

Prior customer disputes that have been resolved include:

  • FINRA Case 17-1370 a customer of Trident Partners/American Capital alleged that unsuitable trades were made in his account and sought damages of $150,000. The case was settled for $43,000.
  • In 9/2013 a customer of Trident Partners alleged poor performance from July 2011-2013 and sought damages of $100,000. The case settled for $70,000.

In a currently pending matter a customer of Trident Partners alleges unauthorized trading in VXX Exchange Traded Notes, an investment the customer alleges was unsuitable in light of the customer’s investment objectives and risk tolerance. Damages of $34,405 are sought.

If you have losses in an account handled by Timothy V. Longo contact us for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former Trident Partners Broker William Quigley Investigation

May 28,2015

Rex Securities Law is investigating former Trident Partners, Ltd. broker William Michael Quigley.

The Securities & Exchange Commission filed an administrative proceeding (File No. 3-16560) against William Michael Quigley alleging that he and his two brothers conducted a fraudulent offering scheme by duping foreign investors into sending funds to various US banks and brokerage accounts for purported investments in companies slated to go public. Investors were led to believe they were investing in well known companies like Dell, Berkshire Hathaway and BlackRock Inc. as well.

According to the SEC pleading, Quigley, of Seaford, New York,  and his brothers, who live in the Philippines,  used “every trick in the book” to defraud the victims, including phony account statements, phony stock certificates and fake names. When one investor tried to get his money back he was told that one of the fictitious persons who supposedly handled the investment had died in a motorcycle accident.

According to FINRA records, Quigley was the compliance director for Trident Partners Ltd., a broker dealer in Westbury, N.Y. He was registered with Trident  from 10/2007-9/2014.

If you have losses in an account at Trident Partners, call to learn how you may be entitled to 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870