The Law Firm of Levin Papantonio Announces Investigation of Securities Claims Against Peter Faggioni

Levin Papantonio of Florida, one of the nation’s leading securities law firms, is actively investigating claims on behalf of investors that lost money due to the alleged misconduct of Financial Advisor Peter Faggioni. 

FINRA (Financial Industry Regulatory Authority) operates Web CRD (Central Registration Depository), which contains the registration records of over 6,800 registered broker-dealers and the qualification, employment, and disclosure histories of more than 660,000 active registered individuals.

Faggioni’s CRD reports that he was the subject of one termination and at least four customer complaints for alleged misconduct.  His CRD also shows an IRS lien for $16,102 that was filed in January 2009. 

The allegations against Faggioni listed on his CRD include:

• Non-Authorized Use of Margin
• Failure to Follow Instructions 
• Recommending Speculative Securities Without Fully Knowing Financial Status or Investment Experience of the Client
• Unsuitable Investments
• Unauthorized Purchases
• Excessive Commission

The brokerage firm that discharged Faggioni reported to CRD that he was terminated due to unauthorized purchases, excessive commissions, and failure to follow instructions.  Faggioni has denied the charges.

If you have suffered loses as a client of Peter Faggioni, you may be entitled to recover your investment losses. Call securities attorneys at Levin, Papantonio or complate a free claim evaluation online today.