Public records published by the Financial Industry Regulatory Authority (FINRA) on May 2, 2017 indicate that former Connecticut-based Source Capital Group broker Donald Saccomano has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Saccomano (CRD# 408673).
Donald Saccomano has spent 34 years in the securities industry and was most recently registered with Source Capital Group in Westport, Connecticut (2011-2016). Previous registrations include Janney Montgomery Scott in Darien, Connecticut; Morgan Stanley DW in Purchase, New York; Painewebber in Weehawken, New Jersey; and Kidder Peabody & Company in New York, New York. He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 1 (Registered Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, one pending FINRA sanction, and one customer complaint.
In March 2017 FINRA sanctioned him following allegations he failed to respond to FINRA request for information. He was suspended from acting as a broker.
In 2015 he was named in a FINRA complaint alleging he recommended unsuitable investments, failed in his supervisory duties, and made misrepresentations of material facts. The complaint remains pending.
In 2007 a customer alleged Donald Saccomano, while employed at Janney Montgomery Scott, executed unauthorized transactions. The complaint settled for $51,000.
If you or someone you know has lost money investing with Donald Saccomano, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.