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Summit Broker, Frank Corto, has Pending Complaint

shutterstock_102158005The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Pennsylvania-based Summit broker/adviser Frank Corto (CRD# 2537861).

Frank Corto has spent nineteen years in the securities industry and has been registered with Summit Brokerage Services in York, Pennsylvania since 2011. Summit Brokerage Services is a member of the Cetera Financial Group. Previous registrations include MML Investor Services in Hunt Valley, Maryland (2002-2011); Ryan Beck & Company in Florham Park, New Jersey (2002); Gruntal & Company in New York, New York (2001-2002); H&R Block in Detroit, Michigan (1998-2001); Painewebber in Weehawken, New Jersey (1997-1998); and Dean Witter Reynolds in Purchase, New York (1994-1997).

According to his BrokerCheck report, Frank Corto is the subject of one pending customer complaint and two six judgments or liens. He was also discharged from his position MML Investor Services.

  • In 2014 a customer alleged Frank Corto, while employed at Summit Brokerage Services, executed unauthorized trades that reduced the value of an annuity. The customer is seeking $21,000 in damages in the pending complaint.
  • In 2014 the Internal Revenue Service (IRS) reported a tax lien of $643,574.02 against Frank Corto. The lien remains outstanding.
  • In 2013 the Pennsylvania Department of Revenue reported a tax lien of $20,182.04 against Frank Corto. The lien remains outstanding.
  • In 2013 Pennsylvania’s Spring Garden Township reported a civil judgment of $2,659.60 against Frank Corto. The judgment remains unsatisfied.
  • In 2013 Pennsylvania’s Spring Garden Township reported a civil judgment of $1,389.50 against Frank Corto. The judgment remains unsatisfied.
  • In 2012 the IRS reported a tax lien of $89,781.65 against Frank Corto. The lien remains outstanding.
  • In 2012 the Pennsylvania Department of Revenue reported a tax lien of $90,494.41 against Frank Corto. The lien remains outstanding.
  • In 2011 Frank Corto was terminated from his position at MML Investor Services following allegations he failed to meet personal financial obligations.

If you have lost money investing with Frank Corto, you may be eligible to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you collect money. The law establishes a limited window to file claims, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.