Soreide Law Group is investigating possible investor claims against securities broker Lon Charles Faccini [CRD #: 2736849, Staten Island, NY]. Faccini worked for (1) Arive Capital Markets from 2016-Present; (2) Cape Securities Inc. from 2010-2016; and (3) Liberty Partners Financial Services from 2006-2010.
Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that Arive Capital Markets investors disputed Faccini’s sales practices. Evidently, investors allege sales practice violations in these disputes, including that Faccini made unsuitable transactions and engaged in excessive trading. Here is a brief summary of the disclosures about Faccini:
Arive Capital Markets Client Accuses Lon Faccini Of Excessive Trading
Evidently, on April 11, 2022, an Arive Capital Markets client filed FINRA Arbitration #: 22-00523 about Lon Faccini. Specifically, the client alleged that Faccini made unsuitable transactions and engaged in excessive trading. For this reason, the client purportedly experienced damages relating to investments in over-the-counter equities. Therefore, the client requested $310,000 in compensation from Arive Capital Markets or Faccini. Evidently, this arbitration is pending a resolution.
Faccini Allegedly Churned Arive Capital Markets Client Account
Also, a client of Arive Capital Markets contested Lon Faccini’s sales practices by filing FINRA Arbitration #: 20-02821. Supposedly, Faccini acted negligently and churned the client's account. Allegedly, the stock transactions involving this securities broker resulted in damages for the client. Therefore, Arive Capital Markets opted to settle the matter on November 30, 2020, by compensating the client in the amount of $36,000.
Lon Faccini Allegedly Made Unsuitable Transactions In Account Of Arive Capital Markets Client
Evidently, an Arive Capital Markets client filed FINRA Arbitration #: 19-02196 about Lon Faccini. Specifically, the client alleged that Faccini made unsuitable and excessive transactions and churned the client's account. Because of this, the client claims that they sustained damages pertaining to investments in stocks. Therefore, on May 21, 2021, Arive Capital Markets settled this matter by paying the client $115,000.
Cape Securities Client Accuses Faccini Of Misrepresentation
Also, a client of Cape Securities contested Lon Faccini’s sales practices by filing FINRA Arbitration #: 18-03200 on September 25, 2018. Supposedly, Faccini made misrepresentations and unsuitable transactions. Allegedly, the stock transactions connected to this securities broker caused the client to sustain damages. Therefore, the client seeks compensatory relief from Cape Securities or Faccini in the amount of $106,000 in this ongoing matter.
Did Arive Capital Markets Securities Broker Lon Faccini Cause You To Experience Damages?
Have you experienced damages because of investing through securities broker Lon Faccini? If the answer is yes, reach out to Soreide Law Group at (888) 760-6552 to discuss your situation with a securities attorney about a possible recovery of your investment damages. Soreide Law Group, who has successfully recovered money for investors throughout all 50 states, represents clients through a contingency fee arrangement and advances all costs. Faccini and brokerage firms Faccini associated with deny all allegations against them.
