FINRA Sanctions Joseph Audia

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Joseph Audia (also known as Joseph Scott Audia) [CRD: 2909761, Hauppauge, NY]. Not only has FINRA sanctioned Audia for failure to supervise, but investors complained about the securities broker. However, Joseph Audia denies the allegations. Read on to learn more about the allegations against Joseph Audia.

FINRA Sanctions Audia For Failure To Supervise

Evidently, on December 20, 2021, FINRA issued Case: 2019063821604, sanctioning Joseph Audia for infractions. Specifically, Audia was issued a suspension (as principal) and a fine of $5,000. Notably, FINRA alleged that Audia failed to supervise registered representatives. Supposedly, those representatives unsuitably and excessively traded in client accounts.

American Capital Partners LLC Investor Accused Joseph Audia Of Churning

Also, an American Capital Partners LLC client filed FINRA Arbitration: 10-02298 about Joseph Audia. Namely, the client alleged that Audia made unsuitable recommendations, acted unethically, churned accounts, was negligent, and breached a fiduciary duty. Because of this, the client allegedly sustained damages on stocks. Therefore, on September 12, 2011, American Capital Partners LLC settled this matter. However, the firm and securities broker admit no liability in this settlement.

American Capital Partners LLC Investor Accused Audia Of Negligence

Additionally, an American Capital Partners LLC client filed NASD Arbitration: 05-06624 about Joseph Audia. Namely, the client alleged that Audia was negligent, inappropriately used margin, made unsuitable recommendations, engaged in unauthorized trading, and churned accounts. Because of this, the client allegedly sustained damages on futures. Therefore, on February 16, 2007, American Capital Partners LLC settled this matter by paying the client $24,000 in damages. Although, the firm and Audia admit no liability in this settlement.

Joseph Audia Disclosed Failure To Follow Instructions Allegations By Joseph Gunnar Co. LLC Client

Also, a client of Joseph Gunnar Co. LLC contested Joseph Audia’s sales practices, according to a complaint dated February 7, 2002. Allegedly, Audia failed to follow instructions. Supposedly, Audia caused the client to sustain damages on over-the-counter equities. Therefore, the client asked for compensatory relief from Joseph Gunnar Co. LLC or Audia in the amount of $45,000 in this dispute, which the firm and broker denied.

Audia Employment Information

• Audia worked for Joseph Stone Capital LLC in Hauppauge, NY, as a securities broker from November of 2013 to September of 2021.
• Audia has worked for VCS Venture Securities in Hauppauge, NY, as a securities broker since September 10, 2021.

Damages Resulting From Joseph Stone Capital LLC Securities Broker Joseph Audia?

Did you incur damages through investing with Audia? If so, contact Soreide Law Group at (888) 760-6552 and talk 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. Audia and brokerage firms Audia worked for deny any and all allegations of sales practice violations.