What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: September 19, 2017

According to records with the Financial Industry Regulatory Authority (FINRA), Albany, New York-based Merrill Lynch broker Vincent Sciabica has customer disputes against him. He was accused of executing transactions without authorization at the time of the transactions, and misrepresenting the commissions associated with exchange-traded fund investments. These are both against securities laws. A brokerage firm like Merrill Lynch has an obligation to oversee its employees in order to make sure that they do not violate securities laws. If it does not, it can be held liable for investment losses in the FINRA arbitration forum on a contingency fee basis.

Mr. Sciabica was previously registered with Blinder, Robinson & Co. from November 1986 until February 1988, Morgan Stanley in Albany, New York from January 2002 until April 2007, Morgan Stanley in Albany from April 2007 until June 2009 and Morgan Stanley in Albany from June 2009 until September 2014. He is currently registered with Merrill Lynch and has been since September 2014. He has one customer dispute against him. This is according to public, online records with FINRA’s BrokerCheck report.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys