ttention: Customer Files Fraud Claim Involving Windsor Street Broker Anthony Pace
Anthony Pace (CRD#: 2481049, New York, New York) is a prior Windsor Street Capital, LP securities representative and supervisor. Apparently, Anthony Pace worked at the firm from October 28, 2015 to May 29, 2018 – the day FINRA expelled the firm. Notably, Anthony Pace discloses that at least six investors complained about his responsibility for brokers’ sales practice violations. Those complaints concern Anthony Pace’s employment at VFinance, Inc., Global Arena Capital Corp, and FAS Wealth Management Services, Inc. Here is a brief summary of those disclosures:
Anthony Pace Named In June 12, 2018 FINRA Arbitration Alleging Fraud And Unsuitable Trading
On June 12, 2018, a Windsor Street Capital, L.P. customer brought FINRA Arbitration #18-02049. The customer alleged that Anthony Pace, or someone he controlled, was liable for over-concentration of the customers investments in unreasonable over-the-counter equities investments. The customer asserted a number of claims in this respect. Specifically, the claim alleges fraud, unsuitability, breach of fiduciary duty, breach of contract, and negligence. As a result, the customer alleged $250,000.00 in damages in the matter. However, the matter is pending.
June 24, 2013 Arbitration Alleging Churning Of VFinance, Inc. and Global Arena Capital Corp Customer Accounts
A VFinance, Inc. and Global Arena Capital Corp customer brought FINRA Arbitration #13-01774 on June 24, 2013. Particularly, the customer alleged that Anthony Pace or a firm broker he supervised churned the customers account. Moreover, the customer claimed the broker made unsuitable investments in the customers account, breached a fiduciary duty to the customer, breached an investment contract, and committed fraud in connection with over-the-counter equities products. Apparently, given those allegations, the firm chose to settle the matter by paying the customer $60,000.00. Accordingly, the matter concluded on May 6, 2014.
J.P. Turner & Company Customer Files March 24, 2009 About Anthony Pace
A customer of J.P. Turner & Company LLC filed the investment dispute on March 24, 2009. Mainly, the customer claimed that Anthony Pace, or someone under Anthony Pace’s control, excessively traded the customer’s investments. Not only that, but the customer claimed that Anthony Pace or another firm broker made unsuitable trades in the customer’s account. As a result, the customer alleged $48,176.03 in damages. However, this matter closed without resolution on April 6, 2009.
FAS Wealth Management Settles Customer Complaint About Failure To Execute
On June 28, 2005, an FAS Wealth Management customer named Anthony Pace in NASD Arbitration #05-03390 on June 28, 2005. Apparently, the customer claimed Anthony Pace was liable for breach of contract, breach of fiduciary duty, negligence, and failure to execute. In particular, the statement of claim shows that the allegations concerned the customer’s investments in stock including AOL, TriQuint, E-Trade Group. Ultimately, Anthony Pace opted to settle the matter by paying the customer $8,500.00.
Currently, he works for Joseph Stone Capital L.L.C. in New York, New York, Evidently, Anthony Pace worked at six brokerage firms who FINRA expelled, one of which was Windsor Street Capita, LP. For example, Global Arena Capital Corp (expelled on January 4, 2016) employed him from September 17, 2010 to April 13, 2015. Apparently, the firm permitted Anthony Pace to resign. The firm revealed that he allegedly failed to prevent a broker from wrongfully taking customer account information.
Investors who have incurred losses from Anthony Pace or brokers he supervised can contact Soreide Law Group at (888) 760-6552 for a free consultation. Our firm has recovered millions of dollars for investors who have suffered losses due to broker misconduct such as brokers engaging in unauthorized trading or outside business activities. We represent clients on a contingency fee basis and advance all costs.