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Broker Spotlight: Robert Giusti (Wells Fargo)

Robert Giusti Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 30, 2016 indicate that New York-based Wells Fargo broker/adviser Robert Giusti has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Giusti (CRD# 2634528).

Robert Giusi has spent 19 years in the securities industry and has been registered with Wells Fargo Advisors in New York, New York since 2013. Previous registrations include Merrill Lynch in New York, New York (2009-2013); Morgan Stanley in New York, New York (2006-2009); Citigroup Global Markets in New York, New York (2001-2005; 2006-2009); HSBC Securities in New York, New York (2005-2006); Morgan Stanley in Purchase, New York (2000-2001); Citicorp Investment Services in Long Island City, New York (1998-2000); First United Equities Corporation in New York, New York (1997); National Discount Brokers in Omaha, Nebraska (1996); and DH Blair & Company in New York, New York (1995-1996). He is a registered broker and investment adviser in eight US states: California, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and South Carolina.

According to his BrokerCheck report, Robert Giusti has received three customer complaints and one pending customer complaint.

In April 2015, a customer alleged Robert Giusti, while employed at Merrill Lynch, recommended unsuitable investments, effected excessive transactions, and misrepresented and omitted material facts related to an investment. The customer is seeking $1,326,374 in damages in the pending complaint.

In April 2015, Morgan Stanley filed a civil judgment/lien totaling $1,100,000 against Robert Giusti. The judgment or lien remains outstanding.

In 2012, a customer alleged Robert Giusti, while employed at Merrill Lynch, recommended unsuitable investments and used margin without authorization. The complaint settled for $45,000.

In 2007, a customer alleged Robert Giusti, while employed at HSBC Securities, gave misleading advice related to an investment in auction rate securities. The complaint settled in 2008 for $100,000.

In 2001, a customer alleged Robert Giusti, while employed at Citicorp Investment Services, did not explain the tax consequences associated with the surrender of annuity contracts. The complaint settled in 2005 for $78,000.

If you or someone you know has a complaint regarding Robert Giusti, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.