Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 6, 2016 indicate that New York-based Oppenheimer & Company broker/adviser Matthew Giannone has been the subject of resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Giannone (CRD# 2800349).
Matthew Giannone has spent nineteen years in the securities industry and has been registered with Oppenheimer & Company in New York, New York since 2013. Previous registrations include Merrill Lynch in New York (2005-2013) and Citigroup Global Markets in New York (1997-2005). He is a registered broker and investment adviser with nine US states: California, Connecticut, Florida, Georgia, New Jersey, New Mexico, New York, Pennsylvania, and Texas.
According to his BrokerCheck report, Matthew Giannone has received one customer complaint and one pending customer complaint.
In February 2016 a customer alleged Matthew Giannone, while employed at Oppenheimer & Company, made unsuitable recommendations on margin and borrowed funds on margin. The customer is seeking $1,200,000 in damages in the pending complaint.
In July 2015 a customer alleged Matthew Giannone, while employed at Oppenheimer & Company, participated in excessive and unauthorized trading and failed to follow instructions. The customer sought unspecified damages in the complaint, which was denied.
In 2010 a customer alleged Matthew Giannone, while employed at Merrill Lynch, made an unsuitable investment recommendation, misrepresented and omitted material facts, made unauthorized transactions, and failed to follow instructions. The complaint settled in 2011 for $19,500.
In 2006 a customer alleged Matthew Giannone, while employed at Smith Barney, misappropriated funds. The customer sought unspecified damages in the complaint, which was denied.
In 2006 a customer alleged Matthew Giannone, while employed at Citigroup Global Markets, made an unsuitable recommendation. The customer sought unspecified damages in the complaint, which was denied.
In 2005 a customer alleged Matthew Giannone, while employed at Citigroup Global Markets, made an unauthorized purchase. The complaint settled in 2006 for $10,000.
“Margin” refers to the practice of borrowing funds from one’s broker or investment adviser to purchase a security, with that security itself used as collateral in the transaction. There are many benefits to purchasing securities on margin, chiefly the increase of purchasing power that allows investors to buy more securities without completely paying for them. There are also many risks, chiefly the increase in potential for significant losses. Brokers, investment advisers, and broker-dealer firms who unsuitably recommend investments on margin may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Matthew Giannone, you may be able 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 a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.