Public records published by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that New York-based Oppenheimer & Company broker/adviser Matthew Giannone has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to 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 currently not registered with any state or firm.
According to his BrokerCheck report, Matthew Giannone has received two customer complaints and seven pending customer complaints.
In December 2016 FINRA sanctioned Matthew Giannone following allegations he “accepted a personal loan of $35,000 from a married couple who were long-time customers of his without notifying or seeking pre-approval from his member firm.” FINRA’s findings state further: “the customers later complained to the firm about the loan, which was not formally documented. The firm then required Giannone to repay the loan in full, which he did, with interest. The findings also stated that Giannone used his mobile phone to communicate with customers via text message without the firm’s knowledge. None of the text messages were retained or reviewed by the firm.” He was issued a 30-day suspension and a fine of $7,500.
In October 2016 a customer alleged Matthew Giannone, while employed at Oppenheimer & Company, effected unauthorized trades. The customer is seeking $200,000 in damages in the pending complaint.
In October 2016 a customer alleged Mr. Giannone, while employed at Oppenheimer & Company, effected unauthorized trades on margin and misrepresented material facts related to investments. The customer is seeking unspecified damages in the pending complaint.
In October 2016 a customer alleged he, while employed at Oppenheimer & Company, executed unauthorized transactions, engaged in unauthorized margin use, and churned the account. The customer is seeking $300,000 in damages in the pending complaint.
In February 2016 a customer alleged he, while employed at Oppenheimer & Company, borrowed funds and executed unsuitable trades on margin. The customer is seeking $1,200,000 in damages in the pending complaint.
If you have complaints regarding Matthew Giannone, call firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover your losses. All cases are taken on a contingency basis: we only get paid if and when you collect money. The law sets a limited window to file complaints, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.