Investors have reportedly disputed the sales practices of securities broker Joseph Anthony Amato [CRD: 2751635, Red Bank, New Jersey], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Amato has been registered with Alexander Capital L.P. since January 2, 2013, and with Alexander Capital Wealth Management LLC since April 18, 2021. Keep reading to learn more about the disclosures involving Amato.
Notably, on July 14, 2025, an Alexander Capital L.P. client filed FINRA Arbitration No. 25-01247 about Joseph Amato. Mainly, the client alleged that Amato breached his fiduciary duty and was negligent in failing to supervise. The client also alleged that Amato violated Georgia state securities laws. Because of this, the client allegedly sustained damages relating to real estate securities and private offerings. As a result, the client requested damages from Alexander Capital or Amato. It appears that this arbitration is pending a resolution.
Specifically, a client of Alexander Capital L.P. disputed Joseph Amato’s sales practices by filing FINRA Arbitration No. 24-02233 on June 10, 2025. Allegedly, Amato breached his fiduciary duty, was negligent, failed to supervise, violated FINRA rules, violated federal securities laws, and violated the Best Interest Obligations (Reg BI). It appears that Amato caused the client to sustain damages connected to real estate investment trusts and alternative investments. Consequently, the client seeks compensation from Alexander Capital or Amato in the amount of $499,000.99 in this ongoing matter.
Also, on October 17, 2024, an Alexander Capital L.P. client filed FINRA Arbitration No. 24-02230 about Joseph Amato. Primarily, the client alleged that Amato breached his fiduciary duty, was negligent, breached a contract, and violated FINRA rules. For this reason, the client allegedly incurred damages associated with private equity products. Therefore, the client requested $1,694,000 in compensation from Alexander Capital L.P. or Amato. It appears that this arbitration is pending a resolution.
Additionally, a client of Alexander Capital L.P. contested Joseph Amato’s sales practices by filing Civil Action No. 1:22-cv-3318 on May 4, 2022. Allegedly, Amato violated the Investment Advisors Act, breached his fiduciary duty, converted funds, breached a contract, and engaged in a civil conspiracy. It appears that Amato caused the client to sustain damages linked to promissory notes. Therefore, the client seeks compensation from Alexander Capital L.P. or Amato in this ongoing matter.
Do you have concerns or questions regarding investments you made with Joseph Amato? You can contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney about a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Amato and brokerage firms Amato worked for deny allegations of sales practice violations.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
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