Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 26, 2018 indicate that former New Jersey-based Ameriprise Financial Services broker/adviser Nicholas Disesso has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Disesso (CRD# 502153).
Nicholas Disesso has spent 38 years in the securities industry and was most recently registered with Amerprise Financial Services in Florham Park, New Jersey (2009-2016). Previous registrations include Ameriprise Financial Services in Short Hills, New Jersey (2009); Wells Fargo Advisors in Short Hills, New Jersey (2008-2009); AG Edwards & Sons in Short Hills, New Jersey (1991-2008); Dean Witter Reynolds in Purchase, New York (1988-1991); Smith Barney Harris Upham & Company (1986-1988); Moore & Schley Cameron & Company (1983-1986); Moore & Schley Municipals (1982-1986); and JB Hanauer & Company (1977-1982). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 28, 1989; Series 7 (General Securities Representative Examination), which he obtained on March 19, 1983; Series 1 (Registered Representative Examination), which he obtained on June 5, 1979; and Series 52 (Municipal Securities Representative Examination), which he obtained on March 10, 1979. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint, and was discharged from a former employer in connection to alleged rule violations.
In January 2018 a customer alleged Nicholas Disesso, while employed at Ameriprise Financial Services, recommended an unsuitable investment in Puerto Rico municipal bonds. The customer is seeking $500,000 in damages in the pending complaint.
In 2016 he was discharged from his position at Ameriprise Financial Services in connection to allegations he violated company policy regarding borrowing from a customer, disclosure of an outside business activity, and updating his Form U4.
In 2014 a customer alleged Nicholas Disesso, while employed at Ameriprise Financial Services, recommended an unsuitable trading strategy, breached his fiduciary duty, committed fraud, churned investments, breached contract, acted negligently, and was negligent in his supervisory duties. The complaint settled for $225,000.
In 2006 a customer alleged Nicholas Disesso, while employed at AG Edwards & Sons, executed excessive trades and churned the account. The complaint settled for $25,000.
In 1996 a customer alleged he, while employed at AG Edwards & Sons, churned investments, misrepresented material facts, and breached contract. The complaint settled for $70,000.
If you have lost money investing with Nicholas Disesso, you may be able to recover your losses. Call 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 by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.