Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against:
SUMMIT BROKERAGE SERVICES, INC. (Respondent)
The Claimant, residing in Illinois, alleges losses due to the actions of SUMMIT BROKERAGE SERVICES. The lawsuit alleges that the Respondent’s registered representative, VICTOR A. RIGONI III (VICTOR RIGONI ) CRD#: 4272056, solicited the Claimant to purchase a portfolio containing speculative, non-traded REITs without fully disclosing the risks of the recommendations. In particular, one of the REITs was American Finance Trust now publicly traded under AFIN. Allegedly, Victor Rigoni also recommended the purchase and switching of several variable annuity investments which caused the Claimant damages for early withdrawals. Rigoni is not mentioned in the lawsuit.
The lawsuit alleges SUMMIT BROKERAGE SERVICES and their registered representative over-concentrated the Claimant’s portfolio in high-commission REITs, and recommended unnecessary changes to expensive, commission laden annuities.
The Claimant allegedly has suffered significant losses of at least $99,000 during a time when the financial markets have enjoyed record returns.
The lawsuit is alleging: negligence, breach of fiduciary duty, breach of contract, violation of FINRA rules, and negligent supervision.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, VICTOR RIGONI has 13 Disclosures on his report. Of these 13 Disclosures 3 are “Customer Disputes” and the other 10 Disclosures are “Judgement/Lien” dating from 1999 through 2018. Rigoni has been registered in the securities industry for 18 years and was listed with 3 firms, and is currently registered with the following firm since 11/9/2010:
SUMMIT BROKERAGE SERVICES, INC.
1 WESTMINSTER PLACE SUITE 100N
LAKE FOREST, IL 60045
If you’ve experienced losses due to the actions or recommendations of SUMMIT BROKERAGE SERVICES, INC. and/or broker, VICTOR RIGONI of Lake Forest, Illinois, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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