Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that California-based Independent Financial Group broker/adviser John Cione has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Cione (CRD# 1742561).
John Cione has spent 31 years in the securities industry and has been registered with Independent Financial Group in San Diego, California since 2003. Previous registrations include Sentra Securities Corporation in Phoenix, Arizona (1994-2003); Spelman & Company in Phoenix, Arizona (1995-1997); Foresters Equity Services in San Diego, California (1990-1995); LAM Wagner in La Jolla, California (1993-1994); Aimco Securities Company (1987-1992); and Yaeger Securities (1987-1992). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 22, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 18, 1987; Series 7 (General Securities Representative Examination), which he obtained on September 19, 1987; Series 24 (General Securities Principal Examination), which he obtained on April 27, 1998; and Series 27 (Financial and Operations Principal Examination), which he obtained on August 5, 1988. He is a registered broker and investment adviser with ten US states: Arizona, California, Connecticut, Massachusetts, Montana, New Jersey, New York, North Carolina, Texas, and Washington.
According to his BrokerCheck report, he has received one pending customer complaint and one regulatory sanction.
In July 2018 a customer alleged John Cione, while employed at Independent Financial Group, recommended unsuitable investments between September 2007 and August 2016 that resulted in losses and lost opportunities. The customer is seeking $671,490 in damages in the pending complaint.
In 1990 he was sanctioned by the National Association of Securities Dealers in connection to allegations the firm went into a net capital violation while he was acting principal. He was censured and issued a fine of $2,000.
If you or someone you know has a complaint regarding John Cione, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. 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.