Some investors have potentially experienced damages because of financial advisor and securities broker Vincent Anthony Virga, also known as Vincenzo Virga Jr. [CRD: 5070668, Bayonne, New Jersey], according to investor disputes disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Virga worked for Madison Avenue Securities LLC from April 28, 2009, to February 5, 2021. Keep reading to learn more about Virga's regulatory history and the allegations investors made.
Notably, on November 29, 2023, a Madison Avenue Securities LLC client filed FINRA Arbitration No. 23-03405 concerning Vincent Virga. Particularly, the client alleged that Virga made unsuitable recommendations of alternative investments, primarily in NorthStar Healthcare REIT. This situation led the client to allegedly sustain damages. Consequently, the client seeks compensation for these alleged damages. As of now, this arbitration is pending a resolution.
In another instance, a client of Madison Avenue Securities LLC contested Vincent Virga’s sales practices. The client claimed that Virga failed to disclose commissions in the sale of mutual funds. The complaint, received on October 19, 2018, and settled on November 30, 2020, involved mutual funds. The settlement amount was $22,141.45.
Also, FINRA Arbitration No. 21-02597 was filed about Vincent Virga by a Madison Avenue Securities LLC investor. This matter, which began on October 19, 2021, involved allegedly unsuitable recommendations of alternative investments. This led to a settlement on October 19, 2022, for $45,000.
On October 5, 2021, Florida Department of Financial Services issued sanctions against Vincent Virga under Case No. MC-4636022\ CA-39565. The regulatory action was a result of Virga's failure to disclose available cost savings in mutual fund transactions, leading to clients unnecessarily paying $19,687 in sales charges. As a result, Virga faced a fine of $1,500 and a one-year probation.
Virga received sanctions from FINRA for misconduct related to mutual fund investments. On November 20, 2020, in Letter of Acceptance, Waiver, and Consent No. 2019061187801, FINRA sanctioned Virga for failing to disclose available cost savings to a client. Supposedly, Virga did not inform the client of rights of accumulation and breakpoint discounts, which could have reduced the sales charges. Consequently, Virga was suspended from association with any FINRA member for one month, starting December 21, 2020, and ending January 20, 2021.
Did you experience damages because of securities broker / financial advisor Vincent Virga? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Virga and the brokerage firms he worked for deny accusations of sales practice violations.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.
Phone:
Fax: 1-954-760-6553
Email: [email protected]