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.
KEVIN CHRISTOPHER MCCARTHY (KEVIN C MCCARTHY) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/7/2026. McCarthy was registered as a broker with MADISON AVENUE SECURITIES LLC of Hialeah, Florida, from 12/04/2007 - 01/30/2026. McCarthy was previously registered both as a broker […]
Investors might have sustained losses due to securities broker William H. Grant [CRD: 4219455, Duluth, Georgia], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. William Grant has been registered with Merrill Lynch since October 23, 2009, as both a securities broker and financial advisor. Investors are encouraged to continue reading to find […]
Investors apparently complained about securities broker James Francis Martin [CRD: 1218618, West Conshohocken, Pennsylvania], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Martin worked for Morgan Stanley from April 4, 2016, to December 2, 2022. See the following information to discover more about disclosures involving Martin and allegations reported on FINRA BrokerCheck. Martin […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com