Giustino Destefano Allegedly Engaged in Unsuitability & Discretionary Trading; Damage Amounts Requested up to $830,000.00
Giustino Destefano allegedly engaged in acts of unsuitability and discretionary trading, according to two pending customer disputes under review by attorney Alan Rosca.
Destefano allegedly invested a client’s funds in unsuitable and aggressive investments, and also took part in common law fraud, breach of contract, and breach of fiduciary duty, according to a Pending Regulatory Action filed on Destefano’s FINRA BrokerCheck Report filed on December 17, 2018. Said dispute is requesting damages of $5,000.00, FINRA notes.
Giustino Destefano also allegedly engaged in discretionary trading and over-concentrated claimants’ accounts in unsuitable stocks, according to a Pending Regulatory Action filed on Destefano’s FINRA BrokerCheck Report on December 17, 2018. Said dispute is requesting damages of $830,000.00, FINRA notes.
Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to
Giustino Destefano’s alleged acts of unsuitability and discretionary trading. Investors who believe they may have lost money in activity related to Giustino Destefano’s alleged acts of unsuitability and discretionary trading are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Giustino Destefano Has Ten Disclosures on His Record in His Nine Years in the Securities Industry
Giustino Destefano has ten disclosures during his nine years in the securities industry, including the two aforementioned pending disputes, three settled actions, one denied action, and a closed no-action dispute, FINRA states.
Giustino Destefano also has two Employment Separation Actions on his record, FINRA notes. He was discharged by Securities America, Inc. on February 4, 2015, for alleged failure to follow firm policies, and also voluntarily resigned from Merrill Lynch, Peirce, Fenner & Smith Inc. after the firm alleged on May 19, 2014 that Destefano allegedly was involved in potentially mis-marking order tickets, FINRA reports.
Giustino Destefano has worked for five firms and was last registered with Securities America, Inc in Williamsville, NY from May 19, 2014 until February 5, 2015, FINRA notes.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Giustino Destefano’s alleged acts of unsuitability and discretionary trading. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Giustino Destefano’s alleged acts of unsuitability and discretionary trading may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
