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Walter Marino Terminated from Legend Equities

shutterstock_140770462The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Lincoln Investment broker Walter Marino (CRD# 2121623).

Walter Marino has spent twenty years in the securities industry and has been registered with Lincoln Investment in Dix Hills, New York since October 2015. Previous registrations include Planmember Securities in Farmingville, New York (2015); Legend Equities in Bohemia, New York (2002-2015); Ehrenkrantz King Nussbaum in Melville, New York (2001-2002); Ehrenkrantz King Nussbaum in New York, New York (2001); Brill Securities in New York, New York (2000-2001); Berry-Shino Securities in Scottsdale, Arizona (1999-2000); JB Sutton Group in Melville, New York (1997-1998); HGI in Jericho, New York (1997); Stratton Oakmont in Lake Success, New York (1995-1996); Westfield Financial Corporation in New York, New York (1994); First Hanover Securities in Staten Island, New York (1994); and Painewebber in Weehawken, New Jersey (1993-1994). Four of Mr. Marino’s former employers have since been expelled by the Financial Industry Regulatory Authority: Ehrenkrantz King Nussbaum, HGI, Stratton Oakmont, and Westfield Financial. He is a registered broker in Connecticut and New York.

According to his BrokerCheck report, Walter Marino is the subject of two customer complaints and was discharged from both Brill Securities and Legend Equities.

In July 2015 Legend Equities terminated Walter Marino following allegations he misrepresented a replacement variable annuity sale as a non-replacement variable annuity sale.

In 2003 a customer alleged Walter Marino, while employed at Berry-Shino Securities and Legend Equities, violated the Securities Exchange Act, recommended unsuitable investments, misrepresented and omitted material facts, acted negligently, breached his fiduciary duty, failed to supervise his representatives, and violated the Penny Stock Reform Act. The complaint settled in 2004 for $50,000.

In 2001 Walter Marino submitted a “voluntary resignation” from Brill Securities following allegations he engaged in unauthorized trades and ignored a client’s investment objectives.

In 1996 a customer alleged Walter Marino executed an unauthorized trade and failed to sell. The complaint settled for $14,250.

If you have lost money investing with Walter Marino, you may be able to recoup lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta accepts all cases on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.