Investors potentially experienced sales practice violations due to securities broker Damian Maggio [CRD: 2864247, Garden City, New York], according to disclosures on FINRA BrokerCheck. Evidently, Maggio has worked for Joseph Stone Capital L.L.C. since February 26, 2013. Keep reading to learn more about the disclosures involving Maggio.
Evidently, on January 3, 2024, a Joseph Stone Capital L.L.C. client filed FINRA Arbitration No. 23-02732 about Damian Maggio. Primarily, the client alleged that Maggio failed to supervise certain representatives. Because of this, the client allegedly sustained damages on over-the-counter equities. For this reason, the client requested $350,000.00 in compensation from Joseph Stone Capital L.L.C. or Maggio. This arbitration is pending a resolution.
Specifically, a client of Joseph Stone Capital L.L.C. disputed Damian Maggio’s sales practices by bringing FINRA Arbitration No. 21-03107 on January 12, 2022. Allegedly, Maggio failed to supervise certain representatives concerning sales of over-the-counter equities. As a result, the client seeks compensation from Joseph Stone Capital L.L.C. or Maggio in the amount of $2,807,663.24 in this ongoing matter.
Particularly, a Joseph Stone Capital L.L.C. client filed Civil Action No. CV-04-135-M-DWM about Damian Maggio. The client alleged that Maggio violated securities laws. Consequently, the investor allegedly incurred damages connected to real estate investment trusts. Therefore, on August 18, 2004, Joseph Stone Capital L.L.C. settled this matter.
Do you need clarification on any investment losses relating to Damian Maggio? If so, contact Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer regarding recovering your investment losses. Soreide Law Group helps to recover losses for investors throughout the USA. The firm also takes cases through a contingency fee arrangement and advances all costs. Maggio and brokerage firms Maggio worked for deny accusations referenced in public disclosures.
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