Richard Calabrese Faced Corinthian Partners Investor’s Breach Of Fiduciary Duty Dispute

Investors potentially incurred losses because of securities broker Richard Calabrese [CRD: 1549013, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Calabrese has worked for Corinthian Partners LLC in New York, New York, since July 2, 1996. See the following information to discover more about disclosures involving this securities broker.

Corinthian Partners LLC Investor Accused Calabrese Of Breach Of Contract, Negligence

Evidently, a Corinthian Partners LLC client filed FINRA Arbitration No. 24-01183 about Richard Calabrese. Mainly, the client alleged that Calabrese breached a contract, was negligent, breached his fiduciary duty, and violated federal securities laws in connection with corporate bonds. Consequently, on May 19, 2025, Corinthian Partners LLC settled this matter by paying the client $10,000 in damages.

Richard Calabrese Disclosed Failure To Supervise Allegations By Corinthian Partners LLC Client

Particularly, a client of Corinthian Partners LLC contested Calabrese’s sales practices by filing FINRA Arbitration No. 23-02495. Allegedly, Calabrese failed to supervise certain representatives. It appears that Calabrese allegedly caused the client to sustain damages related to corporate bonds. As a result, Corinthian Partners LLC opted to settle the matter on August 14, 2024, by compensating the client in the amount of $23,500.

FINRA Sanctioned Calabrese For Failure To Supervise

Specifically, on March 18, 2019, FINRA issued Case No. 2016047621801 sanctioning Richard Calabrese for infractions, imposing a 30-business-day suspension in all principal capacities and a $10,000 fine. FINRA alleged that Calabrese failed to establish and enforce a reasonably designed supervisory system regarding the sale of non-traditional exchange traded products and failed to reasonably supervise a securities broker.

According to FINRA’s findings, Calabrese, as chief compliance officer, shared responsibility for overseeing recommendations involving leveraged and inverse exchange traded products. FINRA determined that the firm lacked adequate written supervisory procedures and monitoring systems to address the risks of these products, including extended holding periods and large transactions. FINRA concluded that this conduct violated NASD Rule 3010 and FINRA Rules 3110 and 2010.

Did You Invest With Financial Advisor / Securities Broker Richard Calabrese?

Do you have concerns or questions regarding investments you made with Richard Calabrese? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Calabrese and brokerage firms Calabrese worked for deny accusations of sales practice violations.