Public records published by the Financial Industry Regulatory Authority (FINRA) on June 29, 2016 indicate that former New York-based Primary Capital broker Christopher Cervino has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from customers who have complaints regarding Mr. Cervino (CRD# 2778817).
Christopher Cervino has spent 18 years in the securities industry and was most recently registered with Primary Capital in New York, New York (2014-2016). Previous registrations include COR Clearing in Edison, New Jersey (2013-2014); Wilson-Davis & Company in Salt Lake City, Utah (2012-2013); Delaney Equity Group in Palm Beach Gardens, Florida (2011); GFI Securities in New York, New York (2010-2011); Lighthouse Financial Group in New York, New York (2008-2010); RBC Professional Trader Group in New York, New York (2008); RBC Capital Markets in New York, New York (2007-2008); Carlin Equities in New York, New York (2002-2007); Ladenburg Thalmann & Company in New York, New York (2000-2002); Sharpe Capital in New York, New York (1998-2000); and HJ Meyers & Company in Rochester, New York (1996-1998). Two of his former employers, Sharpe Capital and HJ Meyers & Company, have since been expelled by the Financial Industry Regulatory Authority (FINRA). He is currently not registered with any state or firm.
According to his BrokerCheck report, Christopher Cervino has received one pending customer complaint, one regulatory sanction, and one pending criminal charge.
In May 2016, FINRA sanctioned Christopher Cervino following allegations he “failed to respond to FINRA request for information.” He was suspended from the securities industry.
In January 2016, Christopher Cervino was charged with conspiracy, securities fraud, wire fraud, and perjury. According to the Department of Justice, Christopher Cervino “allegedly conspired with recidivist securities fraud defendant Edward Durante to defraud more than 100 investors out of millions in a scheme of misleading representations and stock manipulation.” He allegedly participated in a “multi-pronged scheme to defraud more than 100 investors of at least $15 million by soliciting funds in public and private shares of various securities, including VGTL, through false and misleading representations and omissions and by failing to invest investors’ funds as promised.” The charges remain pending.
In January 2016, Christopher Cervino was “permitted to resign” from his position at Primary Capital LLC following allegations he “was charged with securities fraud, wire fraud and perjury.”
In September 2015, a customer alleged Christopher Cervino, while employed at COR Clearing, failed to adhere to opening and failed to supervise accounts related to the promotion of stock in VGTEL. The customer is seeking $495,000 in damages in the pending complaint.
In 2014, Christopher Cervino was terminated from COR Clearing following allegations he “entered unauthorized transactions in a customer’s account.”
If you have lost money investing with Christopher Cervino, 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: we only receive payment if and when you recover money. You might have a limited time to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.