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Scottsdale Broker Jason Cruciani: Barred

shutterstock_123948847According to records provided by the Financial Industry Regulatory Authority (FINRA), former Pennsylvania-based Scottsdale Capital broker Jason Cruciani has been permanently barred from acting as a broker. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cruciani (CRD# 4014764).

Jason Cruciani has spent eleven years in the securities industry and was most recently registered with Scottsdale Capital Advisors in Bangor, Pennsylvania (2009-2011). Previous registrations include Newbridge Securities in Ronkonkoma, New York (2008-2009); JP Turner & Company in Ronkonkoma, New York (2006-2008); Continental Broker-Dealer in Carle Place, New York (2002); Seaboard Securities in Florham Park, New Jersey (2001-2002); and Global Capital Securities in Eaglewood, Colorado (1999-2001). He is currently not registered with any state or firm.

According to his BrokerCheck report, Jason Cruciani is the subject of two regulatory sanctions, five customer complaints, and three pending customer complaints.

In 2015 a customer alleged Jason Cruciani, while employed at Newbridge Securities and elsewhere, breached his fiduciary duty, breached contract, and made unsuitable investment recommendations. The customer is seeking $105,000 in damages in the pending complaint.

In 2014 FINRA permanently barred Cruciani from the securities industry following allegations he failed to respond to a request for information.

In 2013 a customer alleged Jason Cruciani, while employed at Scottsdale Capital, unsuitably used margin and churned the account. The customer is seeking $200,000 in damages in the pending complaint.

In 2013 a customer alleged Cruciani, while employed at Newbridge Securities, breached his fiduciary duty, made fraudulent and negligent misrepresentations, and breached contract. The complaint settled in 2015 for $46,500.

In 2013 a customer alleged Cruciani, while employed at Newbridge Securities and elsewhere, breached his fiduciary duty, misrepresented material facts related to an investment, and committed fraud. The complaint settled in 2015 for $57,500.

In 2012 a customer alleged Cruciani, while employed at Newbridge Securities and Scottsdale Capital, breached his fiduciary duty, breached contract, committed fraud, and acted negligently. The complaint settled in 2014 for $37,000.

In 2012 FINRA suspended Jason Cruciani following allegations he failed to comply with an arbitration award or settlement agreement, or failed to respond to a request for information.

In 2011 a customer alleged Jason Cruciani, while employed at Scottsdale Capital, failed to execute a transaction and acted negligently. The complaint resulted in an award to the customer of $10,000.

In 2005 a customer alleged Jason Cruciani, while employed at Gunnallen Financial, executed unsuitable and excessive trades. The customer is seeking $45,000 in damages in the pending complaint.

If you have lost money investing with Jason Cruciani, you may be entitled to recover lost funds. 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 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.