September 12, 2023

Thomas Tibaldi Discloses Allegations Of Breach Of Fiduciary Duty

a family is sad because of bad broker advice

Investors have come forward with complaints about Thomas Paul Tibaldi [CRD: 2672406, East Meadow, New York]. Evidently, the securities broker, who worked for Citigroup Global Markets Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Citigroup Global Markets Inc. clients allege misrepresentation and breach of fiduciary duty. For more on these disclosures about Tibaldi, see below.

Tibaldi Discloses Breach Of Fiduciary Duty Allegations By Citigroup Global Markets Inc. Client

Particularly, a client of Citigroup Global Markets Inc. contested Thomas Tibaldi’s sales practices by filing FINRA Arbitration: 22-00982. Allegedly, Tibaldi breached a fiduciary duty and made misrepresentations. It appears that Tibaldi caused the client to sustain damages on mutual funds. Therefore, Citigroup Global Markets Inc. opted to settle the matter on December 6, 2022, by compensating the client in the amount of $22,500.

Thomas Tibaldi Discloses Omissions Allegations By Citigroup Global Markets Inc. Client

Additionally, on October 15, 2013, a Citigroup Global Markets Inc. client filed a complaint about Thomas Tibaldi. Namely, the client alleged that Tibaldi made omissions. Because of this, the client allegedly sustained damages on mutual funds. Therefore, the client requested compensation from Citigroup Global Markets Inc. or Tibaldi. However, the securities firm and broker denied this complaint.

Citigroup Global Markets Inc. Investor Accused Tibaldi Of Misrepresentation

Specifically, a client of Citigroup Global Markets Inc. contested Thomas Tibaldi’s sales practices, according to a complaint dated April 18, 2008. Allegedly, Tibaldi made misrepresentations and made unsuitable recommendations. Supposedly, Tibaldi caused the client to sustain damages on mutual funds. Therefore, the client requested compensatory relief from Citigroup Global Markets Inc. or Tibaldi in the amount of $36,000 in this matter. However, the securities firm and broker denied this complaint.

Citicorp Investment Services Investor Accused Thomas Tibaldi Of Unsuitable Recommendations

Also, a client of Citicorp Investment Services contested Thomas Tibaldi’s sales practices, according to a complaint dated April 26, 2006. Allegedly, Tibaldi made unsuitable recommendations. Supposedly, Tibaldi caused the client to sustain damages on mutual funds. Therefore, the client requested compensatory relief from Citicorp Investment Services or Tibaldi in the amount of $8,069 in this matter. However, the securities firm and broker denied this complaint.

Merrill Lynch Investor Accused Tibaldi Of Unsuitable Recommendations

Evidently, a client of Merrill Lynch contested Thomas Tibaldi’s sales practices by filing NYSE Arbitration: 2002-010855. Allegedly, Tibaldi made unsuitable recommendations and made misrepresentations. It appears that Tibaldi caused the client to sustain damages on over-the-counter equities. Therefore, Merrill Lynch opted to settle the matter on December 16, 2003, by compensating the client in the amount of $105,000.

Employment Information

Thomas Tibaldi has worked for Citigroup Global Markets Inc. since May 2007 as a securities broker and financial advisor.

Did Citigroup Global Markets Inc. Securities Broker Thomas Tibaldi Cause You To Experience Damages?

Did you experience damages by investing with Thomas Tibaldi? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has helped recover money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Tibaldi and brokerage firms Tibaldi worked for deny any and all allegations of sales practice violations.

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