Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors might have sustained losses due to securities broker Stephen Robert Marotto (also known as Steve Marotto) [CRD: 5473140, San Francisco, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Stephen Marotto worked for First Republic Securities Company LLC and First Republic Investment Management Inc. from January 17, 2013, to May 19, 2023. He works for Morgan Stanley as of April 28, 2023. Check out the following information about the disclosures involving Marotto.
Specifically, on February 26, 2025, a First Republic Securities Company LLC client filed FINRA Arbitration No. 25-00400 about Stephen Marotto. Supposedly, Marotto made misrepresentations and made unsuitable investment recommendations. Because of this, the client allegedly incurred damages through investing in limited partnerships. Therefore, the client requested $200,000 in compensation from First Republic Securities Company LLC or Marotto. This is an ongoing matter.
Another investor complained about Stephen Marotto. Allegedly, Marotto made unsuitable recommendations, engaged in unauthorized trading, and made misrepresentations. As a result, on May 9, 2025, First Republic Securities Corp. settled this matter by paying the client $125,000.00 in damages.
Also, a client of First Republic Investment Management Inc. contested Stephen Marotto’s sales practices, according to a complaint dated January 2, 2018. Allegedly, Marotto failed to follow instructions. Because of this, the client sought compensation from First Republic Investment Management Inc. or Marotto in the amount of $220,000.00 in this matter. However, the firm denied this complaint.
Did you experience losses because of Stephen Marotto? You can reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer concerning a potential recovery. Soreide Law Group has over a decade of experience recovering losses for investors throughout the United States. The law firm also takes cases on a contingency fee basis and advances all costs. Marotto and securities firms / investment advisories Marotto worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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