Anthony Graziano Disclosed FINRA Suspension, Investor Disputes

Soreide Law Group can review potential claims on behalf of individuals who have suffered financial losses due to the actions of securities broker Anthony Joseph Graziano [CRD#: 2862096, New York, New York]. Graziano, regulated by FINRA, works for Joseph Stone Capital LLC since June 5, 2015. Public records show FINRA's sanctions against Graziano on December 8, 2021. This is for failing to adequately oversee a representative's excessive trading. In addition to his current association, Graziano's history includes client allegations of unsuitable investment strategies, churning, and excessive commissions.

FINRA Sanctioned Graziano For Supervisory Failures

Evidently, on December 8, 2021, FINRA issued Case: 2020066887201 sanctioning Anthony Graziano for infractions. Namely, FINRA alleged that Graziano failed to adequately supervise a registered representative at his member firm, Joseph Stone Capital LLC, who was excessively trading in a client's account.

Notably, the findings by FINRA indicated that although Graziano monitored the daily trade blotter of the firm’s branch office, he did not notice the warning signs of the excessive trading. Furthermore, he supposedly neglected to apply the limitations on commission charges set by another principal of the firm. This principal had apparently limited the commissions to one percent per trade due to the client's account already having a high cost-to-equity ratio exceeding 20 percent. However, Graziano reportedly did not uphold these restrictions, allowing the representative to charge the client commissions above one percent on multiple trades.

Supposedly, the unauthorized commissions resulted in the client incurring additional costs of approximately $4,000. Overall, the client was subjected to nearly $120,000 in commissions and trading expenses, with a cost-to-equity ratio of 22 percent as a consequence of the broker’s recommended trades.

As a result, FINRA concluded the case with the following sanctions on Graziano: he was ordered to serve a three-month suspension in any principal capacity, beginning January 3, 2022, and ending on April 2, 2022. Additionally, he was mandated to pay a fine of $5,000.

Anthony Graziano Disclosed Unauthorized Trading Allegations By American Capital Partners LLC Client

Also, a client of American Capital Partners LLC contested Anthony Graziano's sales practices, according to a complaint. Supposedly, Graziano engaged in trading that the client did not authorize. It appears that Graziano allegedly caused the client to sustain damages due to his actions. Therefore, the client sought compensatory relief from American Capital Partners LLC, or Graziano. However, the securities firm closed this matter without a resolution on August 26, 2008.

Anthony Graziano Disclosed Excessive Trading And Mark-Ups Allegations By American Capital Partners LLC Client

Evidently, a client of American Capital Partners LLC contested Anthony Graziano’s sales practices in 2008. Supposedly, Graziano engaged in excessive trading and charged excessive mark-ups. It appears that Graziano allegedly caused the client to sustain damages on equities. Therefore, the client sought compensatory relief from American Capital Partners LLC or Graziano in the amount of $8,000 in this matter. The complaint's status was marked as denied on March 20, 2008, with no settlement amount reported.

GunnAllen Financial Client Accused Graziano Of Churning

Additionally, on October 13, 2005, a GunnAllen Financial client filed a complaint about Anthony Graziano. Notably, the client alleged churning, unsuitable trading, and excessive commissions and margins. Because of this, the client allegedly sustained damages on equities. Therefore, the client requested $80,822 in compensation from GunnAllen Financial or Graziano. The complaint shows a settlement amount reported as $9,000, to which Graziano personally contributed. In his statement, Graziano described the claim as unfounded.

Seek Legal Advice For Investment Losses

Did you experience losses because of Anthony Graziano? If so, reach out to Soreide Law Group or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Graziano and the brokerage firms he worked for deny accusations of sales practice violations.