FINRA Sanctions Frank Cid

Soreide Law Group is investigating possible investor claims against securities broker Frank Cid (also known as Francis Cid) [CRD: 2897738, Plainview, NY]. Notably, FINRA sanctioned the securities broker, who worked for CBC Securities Inc. Allegedly, Frank Cid failed to turn over information and documents to FINRA when it investigated potential rule infractions. Here is a brief summary of FINRA’s allegations against Frank Cid.

FINRA Sanctions Cid For Failure To Provide Information

Evidently, on January 28, 2022, FINRA issued Case: 2021071785501 sanctioning Frank Cid for infractions. Specifically, Cid was barred, so he cannot work as a broker and in other capacities for FINRA-member firms. Notably, FINRA alleged that Frank Cid failed to turn over information and documents when it investigated potential FINRA rule infractions relating to private securities transactions, among other things. The regulator’s rules compel brokers to comply in investigations or else face sanctions including a potential bar as securities broker.

New Castle Financial Services LLC Investor Accused Frank Cid Of Poor Performance

Also, on January 12, 2010, a New Castle Financial Services LLC client filed FINRA Arbitration: 10-00099 about Frank Cid. Namely, the client alleged that Cid recommended investments which poorly performed. Because of this, the client allegedly sustained damages on stocks and options. Therefore, the client requested $21,665 in compensation from New Castle Financial Services LLC or Cid.

Cid Employment Information

• Cid worked for CBC Securities Inc. in Plainview, NY, as a securities broker from February of 2020 to November of 2020.
• Cid worked for Eastgate Securities LLC in New York, NY, as a securities broker from November of 2020 to May of 2021.
• Cid worked for Joseph Stone Capital LLC in Plainview, NY, as a securities broker from October of 2019 to March of 2020.

Damages Resulting From CBC Securities Inc. Securities Broker Frank Cid?

Have you experienced damages because of securities broker Frank Cid? Get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Cid and brokerage firms Cid worked for deny any and all allegations of sales practice violations.