If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Mr. Longo was previously registered with Trident Partners Ltd in Woodbury, New York from January 2006 until August 2015 and was accused of unauthorized trading, and unsuitable investments consistent with clients risk tolerances. He was also accused of poor performance, unsuitable investments and breach of fiduciary duties, which are all against securities laws. Mr. Longo allegedly sold VXX Investments to customers and these investments were not suitable for all investors. The VXX is an exchange-traded note (ETN) that can be very volatile and risky. VXX is only money-making if there is some market-moving event such as a major rate adjustment by the Federal Reserve or a government shutdown. And this is only in a short period of time, and it is not easy to determine the direction of the market in a near-term time frame. Many investors lost close to 50% of their investment in the VXX and a broker such as Mr. Longo has a duty to only recommend and sell those investments to clients that are suitable for them, by taking into account their age, net worth and investment objectives. If he does not, his brokerage firm can be held liable for losses.
Timothy Longo was registered with Morgan Stanley in Purchase, New York from July 1998 until May 2001, Prudential Securities in New York, New York from April 2001 until July 2003, Wachovia Securities in St. Louis, Missouri from July 2003 until July 2004, Raymond James in Melville, New York from July 2004 until January 2006 and Trident Partners in Woodbury, New York from January 2006 until August 2015. He is currently registered with American Capital Partners in Hauppauge, New York and has been since August 2015. He has eight customer disputes against him, two of which are pending. Please call 312-332-4200 today to find out how you may be able to recover your investment losses by suing Trdient Partners in the arbitration forum on a contingency fee basis for Timothy Longo losses.
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