According to records provided by the Financial Industry Regulatory Authority (FINRA), former New York-based Mercer Capital broker James Salamone has been permanently barred from the securities industry. The securities and investment fraud law firm is interested in speaking to investors who have complaints regarding Mr. Salamone (CRD# 4745587).
James Salamone has spent five years in the securities industry and was most recently registered with Mercer Capital in New York, New York (2008-2009). Previous registrations include JP Turner & Company in Staten Island, New York (2006-2008); Gunnallen Financial in Staten Island, New York (2004-2006); and Joseph Stevens & Company in Brooklyn, New York (2004). He is currently not registered with any state or firm.
According to his BrokerCheck report, James Salamone is the subject of one regulatory sanction, one customer complaint, and one customer complaint that was closed.
In 2014 a customer alleged James Salamone, while employed at JP Turner & Company, made unsuitable investment recommendations, committed fraud, churned the account, misrepresented material facts related to an investment, acted negligently, breached contract, and breached his fiduciary duty. The complaint settled in 2015 for $88,800.
In 2009 a customer alleged James Salamone, while employed at JP Turner & Company, misrepresented material facts related to an investment, recommended an unsuitable investment, and provided poor recommendations. The customer sought $5,000 in damages in the complaint, which was closed with no action taken.
In 2010 FINRA sanctioned James Salamone following allegations he failed to respond to a request for information. Mr. Salamone was issued a permanent bar from the association with any FINRA member firm in any capacity.
If you have complaints regarding James Salamone, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you recover 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.