Investors apparently complained about securities broker Richard James Carlesco Jr. [CRD: 2135988, Liverpool, New York], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carlesco worked for IBN Financial Services Inc. from October 24, 2000, to the present, and later registered with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. beginning April 29, 2025. Read on to discover more about the disclosures involving this securities broker.
IBN Financial Services Investor Accused Carlesco Of Sales Practice Violation Involving Convertible Notes
Notably, on December 8, 2025, an IBN Financial Services Inc. client filed FINRA Arbitration No. 25-01988 about Richard Carlesco. Mainly, the client alleged that Carlesco was involved in a situation where a convertible note investment was sold away by another registered representative, and the client was not an accredited investor for that investment. For this reason, the client allegedly sustained damages relating to convertible notes. Therefore, the client requested $96,000 in compensation from IBN Financial Services Inc. or Carlesco. BrokerCheck shows that this arbitration is pending a resolution.
Richard Carlesco Disclosed Failure To Supervise Allegations By IBN Financial Services Client
Also, a client of IBN Financial Services Inc. disputed Richard Carlesco’s sales practices by filing FINRA Arbitration No. 14-01462. Allegedly, Carlesco failed to supervise a third party who sold investments away from the firm. It appears that Carlesco allegedly caused the client to suffer damages connected to secondary market pensions. Consequently, IBN Financial Services Inc. opted to settle the matter on April 8, 2016, by compensating the client in the amount of $200,000.
Did You Sustain Losses Because Of Securities Broker / Financial Advisor Carlesco?
Did you suffer any investment-related losses because of Richard Carlesco? Get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Carlesco and brokerage firms Carlesco worked for deny any accusations of sales practice violations.
